Nagarro SE
OTC:NGRRF
Nagarro SE
Nagarro SE, a global leader in digital engineering and technology solutions, spins its narrative from a blend of innovation and ingenuity. Originating as part of the broader Allgeier SE conglomerate, it embarked on a journey of independence in December 2020, listing on the Frankfurt Stock Exchange. Nagarro’s core strength lies in its ability to tackle complex technological challenges for enterprises, spanning diverse industries such as automotive, financial services, manufacturing, and healthcare. The company excels in developing bespoke software solutions, leveraging its expertise to enhance user experiences and optimize operational processes for clients. By fostering a culture of agility and continuous learning, Nagarro not only stays ahead of the fast-evolving tech landscape but also manages to attract and retain top-tier talent across its offices worldwide.
The financial engines of Nagarro chug actively through project-based and long-term service contracts. These arrangements allow Nagarro to forge deep partnerships with its clients, translating technological prowess into tangible business outcomes. The firm thrives on solving intricate business problems through cutting-edge digital transformation, enterprise-grade software development, and IT consulting services. Nagarro’s unique business model involves collaborating closely with clients to understand their strategic goals, architecting tailor-made solutions that drive growth and efficiency. By positioning itself as a trusted partner rather than a mere service provider, Nagarro secures a steady flow of revenues and builds a reputation synonymous with reliability and forward-thinking innovation in the tech industry.
Nagarro SE, a global leader in digital engineering and technology solutions, spins its narrative from a blend of innovation and ingenuity. Originating as part of the broader Allgeier SE conglomerate, it embarked on a journey of independence in December 2020, listing on the Frankfurt Stock Exchange. Nagarro’s core strength lies in its ability to tackle complex technological challenges for enterprises, spanning diverse industries such as automotive, financial services, manufacturing, and healthcare. The company excels in developing bespoke software solutions, leveraging its expertise to enhance user experiences and optimize operational processes for clients. By fostering a culture of agility and continuous learning, Nagarro not only stays ahead of the fast-evolving tech landscape but also manages to attract and retain top-tier talent across its offices worldwide.
The financial engines of Nagarro chug actively through project-based and long-term service contracts. These arrangements allow Nagarro to forge deep partnerships with its clients, translating technological prowess into tangible business outcomes. The firm thrives on solving intricate business problems through cutting-edge digital transformation, enterprise-grade software development, and IT consulting services. Nagarro’s unique business model involves collaborating closely with clients to understand their strategic goals, architecting tailor-made solutions that drive growth and efficiency. By positioning itself as a trusted partner rather than a mere service provider, Nagarro secures a steady flow of revenues and builds a reputation synonymous with reliability and forward-thinking innovation in the tech industry.
Revenue Growth: Nagarro reported Q3 revenue growth of 9.4% year-over-year at constant currency, in line with prior guidance despite a subdued demand environment.
Profitability Outperformance: Gross margin reached 33.1%, over 300 basis points above guidance, and adjusted EBITDA margin exceeded 17%, the best since 2022.
Capital Return: Nagarro is extinguishing about 75% of treasury shares and has announced a further EUR 20 million share buyback, signaling confidence in intrinsic value.
Operational Improvements: Efficiency initiatives and stricter cost discipline led to margin expansion and reduced SG&A expenses by EUR 12 million sequentially.
Guidance Maintained: Full-year 2025 revenue and profit guidance remains unchanged, with management noting FX headwinds and underlying operational strength.
AI & Fluidic Intelligence: The company is pushing its vision of "Fluidic Intelligence" to drive client productivity using AI, citing strong client interest and a real-world example at Dublin Airport.
Strategic Focus: Management emphasized targeted growth, disciplined capital allocation, and a robust pipeline in key geographies and sectors.
2026 Outlook: While short-term macro remains cautious, management is bullish on medium-term growth due to accelerating adoption of AI and technology investments.
