Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
adesso SE is a German IT services company headquartered in Dortmund, founded in 1997. It specializes in delivering comprehensive IT consulting, software development, and digital solutions throughout Europe, including key markets in Germany, Austria, Switzerland, and beyond. The company operates across two primary segments: IT Services, which includes application management, data analytics, digital customer experience, IT management consulting, SmartShore outsourcing, and cybersecurity; and IT Solutions, centered on software product distribution and customized industry-specific applications. adesso SE supports a broad spectrum of industries such as automotive, banking and financial services, utilities, healthcare, retail, life sciences, manufacturing, media, public authorities, and insurance. With reported revenue of $1.25 billion USD in 2023, it maintains robust financial performance and a prominent position in the technology sector. Additionally, adesso SE advances blockchain technology by acting as a validator for the SWIAT blockchain, bolstering system security and linking conventional IT expertise with innovative digital infrastructures.
Operating margin is thin at 3.33%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 29.0%, still solid.
Net debt of €242M represents 5.6x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
€1.51B
▲ +29.0% YoY
Net Income (TTM)
€27M
▲ +412.0% YoY
Op. Margin
3.86%
▲ +1.8pp YoY
ROIC
4.80%
▲ +2.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€41M
▲ +1.5% YoY
Op. Cash Flow (TTM)
€52M
▼ -18.4% YoY
Net Debt
€242M
Cash & Equiv.
€89M
3Y CAGR: +29.3%
3Y CAGR: +13.4%
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