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Yahoo
20 minutes ago
- Yahoo
Nagarro releases unaudited Q2 2025 results, posts 4.7% YoY revenue growth in constant currency and 14.2% increase in gross profit despite global macroeconomic challenges
MUNICH, Aug. 14, 2025 /CNW/ -- Nagarro, a global digital engineering leader, today presented its unaudited financial numbers for Q2 2025 and released its half-yearly financial report. In Q2 2025, revenue grew to €252.0 million, up 3.2% YoY from €244.1 million in Q2 2024. Constant currency YoY revenue growth for Q2 2025 was 4.7%. Organic YoY revenue growth for the quarter was 3.8% in constant currency, which translated to 2.4% organic YoY revenue growth in Euro terms. Gross profit grew to €83.7 million in Q2 2025 from €73.3 million in Q2 2024. Gross margin was 33.2% in Q2 2025, against 30.0% in Q2 2024. Despite excellent operational efficiency in Q1 and Q2 2025, Adjusted EBITDA was significantly impacted by the revaluation loss on inter-company loans from Nagarro SE and its cash holdings due to the weakening of the US dollar against the Euro. Across Q1 and Q2 2025, the total impact on Adjusted EBITDA of currency revaluation plus foreign exchange forward transactions was a negative €18.0 million. Consequently, Adjusted EBITDA for Q2 2025 was €30.5 million (12.1% of revenue), against €35.5 million (14.5% of revenue) in Q2 2024. EBITDA declined to €32.0 million in Q2 2025, from €32.8 million in Q2 2024. EBIT grew marginally to €23.4 million in Q2 2025, from €23.1 million in Q2 2024. Net profit declined to €8.3 million in Q2 2025 against €12.0 million in Q2 2024 mainly due to increase in income tax expense on account of withholding taxes on inter-company dividends remitted by downstream subsidiaries to their immediate holding companies. The number of clients doing more than €1 million in annual revenue in the last 12 months with Nagarro rose from 184 on June 30, 2024 to 188 on June 30, 2025. A dividend of €1.00 per share amounting to €12.6 million (13.1% of 2024 EBIT) has been declared during the Annual General Meeting held on June 30, 2025. H1 results Revenue grew to €498.9 million in H1 2025, up 3.4% YoY from €482.4 million in H1 2024. Constant currency revenue growth for H1 2025 was 3.6%. Organic YoY revenue growth for H1 2025 was 2.8% in constant currency, which translated to 2.6% organic YoY revenue growth in Euro terms. Gross profit grew to €159.3 million in H1 2025 from €146.9 million in H1 2024. Gross margin was 31.9% in H1 2025, against 30.5% in H1 2024. Adjusted EBITDA was €60.8 million (12.2% of revenue) in H1 2025, against €74.7 million (15.5% of revenue) in H1 2024. EBITDA declined to €65.0 million in H1 2025 from €68.8 million in H1 2024. EBIT declined to €47.5 million in H1 2025 from €49.7 million in H1 2024. Net profit declined to €19.6 million in H1 2025 against €28.6 million in H1 2024 mainly due to increase in income tax expense on account of withholding taxes on inter-company dividends remitted by downstream subsidiaries to their immediate holding companies. Operating cash inflow in H1 2025 declined to €26.1 million from €27.6 million in H1 2024, even while factoring utilization under the non-recourse factoring program was reduced by €8.5 million in H1 2025 from December 31, 2024. Days of sales outstanding, calculated based on the quarterly revenue and including both contract assets and trade receivables, has improved from 88 days on December 31, 2024 to 85 days on June 30, 2025. Nagarro's cash balance at the end of June 30, 2025 was €121.8 million as against €192.6 million at the end of December 31, 2024. Nagarro's loans and borrowings at the end of June 30, 2025, were €300.7 million as against €329.6 million at the end of December 31, 2024. The company reported 17,447 professionals as of June 30, 2025. The summarized table for the three-months period ended June 30, 2025 is as follows: Q2 2025Q2 2024Growth mEURmEUR Revenue252.0244.13.2% YoY4.7% YoY in constant currency Gross profit83.773.314.2% YoY Gross margin33.2 %30.0 % Adjusted EBITDA30.535.5Negative 14.1% YoY Adjusted EBITDA margin12.1 %14.5 % EBITDA32.032.8Negative 2.4% YoY EBIT23.423.11.3% YoY Net profit8.312.0Negative 30.8% YoYThe summarized table for the six-months period ended June 30, 2025 is as follows: H1 2025H1 2024Growth mEURmEUR Revenue498.9482.43.4% YoY3.6% YoY in constant currency Gross profit159.3146.98.4% YoY Gross margin31.9 %30.5 % Adjusted EBITDA60.874.7Negative 18.6% YoY Adjusted EBITDA margin12.2 %15.5 % EBITDA65.068.8Negative 5.5% YoY EBIT47.549.7Negative 4.4% YoY Net profit19.628.6Negative 31.5% YoYSupervisory Board committees The committees of Nagarro's Supervisory Board have been freshly reconstituted. Martin Enderle, Chair of the Supervisory Board, is also the Chair of the Nomination & Remuneration Committee. Until recently he was Chair of the Supervisory Board of Delivery Hero. Hans-Paul Buerkner, who was previously global CEO and Chairman of BCG, is the Chair of the Strategy Committee. Jack Clemons, who was global CEO of Bata and has been on various other boards, including being Chair of the Audit and Risk Committee of the Worldwide Fund for Nature (WWF), is Chair of the Audit Committee. Update on guidance On January 23, 2025, we had projected Nagarro's revenue for 2025 to be between €1,020 and €1,080 million, when calculated at the currency exchange rates then prevailing. We now expect Nagarro's revenue for 2025 to come near the lower end of that guidance. We targeted gross margin in the region of 30%, as compared to 30.4% in 2024. We hold to this expectation of gross margin. We targeted the Adjusted EBITDA margin to be between 14.5% and 15.5%, compared to 15.2% in 2024. Despite strong underlying operational performance of the company, the revaluation loss on inter-company loans and cash holdings because of the weakening of the US dollar against the Euro is currently expected to lead the Adjusted EBITDA margin to be between 13.5% and 14.5%. Nagarro SE will hold its analyst and investors meeting as a video call to discuss the half-yearly financial report 2025 on August 14, 2025, 1:00 pm CEST (4:00 am PT / 6:00 am CT / 7:00 am ET / 12:00 pm BST / 3:00 pm GST / 4:30 pm IST / 7:00 pm SGT / 8:00 pm JST). Nagarro SE will hold its retail investors call to discuss the half-yearly financial report 2025 on August 14, 2025, at 2:30 pm CEST (5:30 am PT / 7:30 am CT / 8:30 am ET / 1:30 pm BST / 4:30 pm GST / 6:00 pm IST / 8:30 pm SGT / 9:30 pm JST). To attend, please register in advance at About Nagarro Nagarro, a global digital engineering leader, helps clients become fluidic, innovative, digital-first companies and thus win in their markets. The company is distinguished by its entrepreneurial, agile, and global character, its CARING mindset, and its Fluidic Enterprise vision. Nagarro employs around 17,400 people in 39 countries. For more information, visit (FRA: NA9) (SDAX/TecDAX: DE000A3H2200) (ISIN: DE000A3H2200) (WKN: A3H220) For inquiries, please contact press@ Logo: View original content: SOURCE Nagarro View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20 minutes ago
- Yahoo
FTSE 100 LIVE: Markets muted as Zelensky to meet Starmer before Trump-Putin summit
The FTSE 100 (^FTSE) fell and European stocks moved cautiously higher on Thursday morning, gaining ground amid rising hopes of a potential ceasefire in the Russia-Ukraine war. UK prime minister Keir Starmer said this week there is a "viable chance" of an end to the conflict ahead of US president Donald Trump's meeting with Russian president Vladimir Putin in Alaska. Trump warned of "very severe consequences" if Putin does not agree to end the war in Ukraine. Trump spoke with European leaders on Wednesday. Starmer said that "any ceasefire would have to be lasting and to be lasting it would need security guarantees[...] That is why we set up this coalition of the willing." Markets in London were also reacting to the latest UK GDP figures, which showed that growth slowed in the second quarter — the latest data point evidencing the shaky ground the UK economy is standing on heading into the autumn budget. London stocks fell about 0.3% at the opening bell. Commodities stocks such as Rio Tinto (RIO.L) and Shell (SHEL.L) were among the top fallers in the index. The DAX (^GDAXI) in Germany ticked up 0.1% Paris's CAC 40 (^FCHI) rose 0.2% The pan-European STOXX 600 (^STOXX) gained around 0.1% ahead of the latest EU GDP reading. Admiral stock pops AJ Bell investment director Russ Mould, said: Bitcoin at record highs Yahoo Finance UK's Brian McGleenon writes: Bitcoin (BTC-USD) surged to a new all-time high above $123,500 (£90,984) in early Thursday trading, extending a week-long rally that has lifted the broader cryptocurrency market. Bitcoin briefly traded at $123,512 before easing back to around $121,700. The world's biggest cryptocurrency is now up more than 6% over the past week, breaking through its previous July peak of just over $120,000. 'Bitcoin's latest rally reflects the blurring lines between crypto and traditional assets, happening faster than institutional adoption timelines predicted,' VOOI CEO and co-founder Will K said. 'While ETFs brought institutions into bitcoin, retail traders are returning to evolved decentralised platforms that have shed their clunky origins.' Read more on Yahoo Finance UK UK industrial production figures outstrip expectations Here are the top line figures: Drop in rental listings spells price rises: RICS Yahoo Finance UK's Pedro Goncalves writes: The supply of new rental properties in the UK has fallen at its fastest rate in five years, according to the Royal Institution of Chartered Surveyors (RICS). The latest survey reveals that 31% of surveyors saw a decline in new instructions from landlords, marking the weakest reading since April 2020. This sharp drop reflects a "firmly negative trend" in the number of rental properties coming onto the market. Despite this downturn in supply, tenant demand remained stable over the three months leading up to July. With fewer properties becoming available, rental prices are expected to continue rising. A net balance of 25% of survey participants anticipate higher rents in the coming months. In the sales market, new buyer inquiries also showed signs of weakening in July. A net balance of 6% of property professionals reported a decline in fresh inquiries from buyers, suggesting a softening in demand compared to June, when a net balance of 4% had observed an uptick. Read more on Yahoo Finance UK Investors bet on a slow in pace of ECB rate cuts: Reuters Reuters has a take on the cooling bets for further interest rate cuts by the European Central Bank. Here's what they said: Dow within striking distance of all-time highs as US rate cut priced in US stock futures slightly pared gains seen on Wednesday. Over the past few sessions there has been a bullish sentiment following the July Consumer Price Index (CPI) report. Though the data showed inflation had ticked up, it increased less than expected. Treasury Secretary Scott Bessent also on Wednesday called on the Fed to lower rates by 150 to 175 basis points. "I think we could go into a series of rate cuts here, starting with a 50 basis point rate cut in September," he told Bloomberg. The result has been a surge in bets that the Fed would cut interest rates at its September policy meeting, especially in light of recent warning signs the labor market is weakening. By Wednesday afternoon, traders had fully priced in a September cut, according to the CME Group, with bets also rising on a potential "jumbo" cut of 50 basis points. Weaker growth bad sign for consumers, say analysts Alice Haine, personal finance analyst at Bestinvest by Evelyn Partners, said: 'More to do', says Reeves Chancellor Rachel Reeves commented on the GDP figures: UK economic growth slows between April and June Pedro Goncalves was up bright and early covering UK GDP. Here's what he found: The UK economy's growth slowed between April and June, according to official figures, as US president Donald Trump's tariffs hit and businesses grappled with higher costs. Figures from the Office for National Statistics (ONS) showed growth in gross domestic product (GDP) slowed to 0.3% in the three months to the end of June, down from a rate of 0.7% in the first quarter. Economists polled by Reuters, as well as the Bank of England, had forecast 0.1% growth in GDP for the April-June period. Growth in the latest quarter was driven by increases of 0.4% in services and 1.2% in construction, while the production sector fell by 0.3% ONS director of economic statistics Liz McKeown said: 'Growth slowed in the second quarter after a strong start to the year. The economy was weak across April and May, with some activity having been brought forward to February and March ahead of stamp duty and tariff changes, but then recovered strongly in June. Read more on Yahoo Finance UK Good morning! Hello again. Lucy Harley-McKeown here, ready for another day of rolling markets coverage for European hours. Two important things we'll be covering off today related to the UK economy: The latest GDP reading The RICS house price index Elsewhere, economic twitchers will be watching the UK industrial, manufacturing and construction output and EU GDP. There are first-half results rolling in from: Aviva (AV.L), Admiral (ADM.L), Antofagasta (ANTO.L) and Savills (SVS.L) In the US, Birkenstock (BIRK) is set to report results. Let's get to stock pops AJ Bell investment director Russ Mould, said: AJ Bell investment director Russ Mould, said: Bitcoin at record highs Yahoo Finance UK's Brian McGleenon writes: Bitcoin (BTC-USD) surged to a new all-time high above $123,500 (£90,984) in early Thursday trading, extending a week-long rally that has lifted the broader cryptocurrency market. Bitcoin briefly traded at $123,512 before easing back to around $121,700. The world's biggest cryptocurrency is now up more than 6% over the past week, breaking through its previous July peak of just over $120,000. 'Bitcoin's latest rally reflects the blurring lines between crypto and traditional assets, happening faster than institutional adoption timelines predicted,' VOOI CEO and co-founder Will K said. 'While ETFs brought institutions into bitcoin, retail traders are returning to evolved decentralised platforms that have shed their clunky origins.' Read more on Yahoo Finance UK Yahoo Finance UK's Brian McGleenon writes: Bitcoin (BTC-USD) surged to a new all-time high above $123,500 (£90,984) in early Thursday trading, extending a week-long rally that has lifted the broader cryptocurrency market. Bitcoin briefly traded at $123,512 before easing back to around $121,700. The world's biggest cryptocurrency is now up more than 6% over the past week, breaking through its previous July peak of just over $120,000. 'Bitcoin's latest rally reflects the blurring lines between crypto and traditional assets, happening faster than institutional adoption timelines predicted,' VOOI CEO and co-founder Will K said. 'While ETFs brought institutions into bitcoin, retail traders are returning to evolved decentralised platforms that have shed their clunky origins.' Read more on Yahoo Finance UK UK industrial production figures outstrip expectations Here are the top line figures: Here are the top line figures: Drop in rental listings spells price rises: RICS Yahoo Finance UK's Pedro Goncalves writes: The supply of new rental properties in the UK has fallen at its fastest rate in five years, according to the Royal Institution of Chartered Surveyors (RICS). The latest survey reveals that 31% of surveyors saw a decline in new instructions from landlords, marking the weakest reading since April 2020. This sharp drop reflects a "firmly negative trend" in the number of rental properties coming onto the market. Despite this downturn in supply, tenant demand remained stable over the three months leading up to July. With fewer properties becoming available, rental prices are expected to continue rising. A net balance of 25% of survey participants anticipate higher rents in the coming months. In the sales market, new buyer inquiries also showed signs of weakening in July. A net balance of 6% of property professionals reported a decline in fresh inquiries from buyers, suggesting a softening in demand compared to June, when a net balance of 4% had observed an uptick. Read more on Yahoo Finance UK Yahoo Finance UK's Pedro Goncalves writes: The supply of new rental properties in the UK has fallen at its fastest rate in five years, according to the Royal Institution of Chartered Surveyors (RICS). The latest survey reveals that 31% of surveyors saw a decline in new instructions from landlords, marking the weakest reading since April 2020. This sharp drop reflects a "firmly negative trend" in the number of rental properties coming onto the market. Despite this downturn in supply, tenant demand remained stable over the three months leading up to July. With fewer properties becoming available, rental prices are expected to continue rising. A net balance of 25% of survey participants anticipate higher rents in the coming months. In the sales market, new buyer inquiries also showed signs of weakening in July. A net balance of 6% of property professionals reported a decline in fresh inquiries from buyers, suggesting a softening in demand compared to June, when a net balance of 4% had observed an uptick. Read more on Yahoo Finance UK Investors bet on a slow in pace of ECB rate cuts: Reuters Reuters has a take on the cooling bets for further interest rate cuts by the European Central Bank. Here's what they said: Reuters has a take on the cooling bets for further interest rate cuts by the European Central Bank. Here's what they said: Dow within striking distance of all-time highs as US rate cut priced in US stock futures slightly pared gains seen on Wednesday. Over the past few sessions there has been a bullish sentiment following the July Consumer Price Index (CPI) report. Though the data showed inflation had ticked up, it increased less than expected. Treasury Secretary Scott Bessent also on Wednesday called on the Fed to lower rates by 150 to 175 basis points. "I think we could go into a series of rate cuts here, starting with a 50 basis point rate cut in September," he told Bloomberg. The result has been a surge in bets that the Fed would cut interest rates at its September policy meeting, especially in light of recent warning signs the labor market is weakening. By Wednesday afternoon, traders had fully priced in a September cut, according to the CME Group, with bets also rising on a potential "jumbo" cut of 50 basis points. US stock futures slightly pared gains seen on Wednesday. Over the past few sessions there has been a bullish sentiment following the July Consumer Price Index (CPI) report. Though the data showed inflation had ticked up, it increased less than expected. Treasury Secretary Scott Bessent also on Wednesday called on the Fed to lower rates by 150 to 175 basis points. "I think we could go into a series of rate cuts here, starting with a 50 basis point rate cut in September," he told Bloomberg. The result has been a surge in bets that the Fed would cut interest rates at its September policy meeting, especially in light of recent warning signs the labor market is weakening. By Wednesday afternoon, traders had fully priced in a September cut, according to the CME Group, with bets also rising on a potential "jumbo" cut of 50 basis points. Weaker growth bad sign for consumers, say analysts Alice Haine, personal finance analyst at Bestinvest by Evelyn Partners, said: Alice Haine, personal finance analyst at Bestinvest by Evelyn Partners, said: 'More to do', says Reeves Chancellor Rachel Reeves commented on the GDP figures: Chancellor Rachel Reeves commented on the GDP figures: UK economic growth slows between April and June Pedro Goncalves was up bright and early covering UK GDP. Here's what he found: The UK economy's growth slowed between April and June, according to official figures, as US president Donald Trump's tariffs hit and businesses grappled with higher costs. Figures from the Office for National Statistics (ONS) showed growth in gross domestic product (GDP) slowed to 0.3% in the three months to the end of June, down from a rate of 0.7% in the first quarter. Economists polled by Reuters, as well as the Bank of England, had forecast 0.1% growth in GDP for the April-June period. Growth in the latest quarter was driven by increases of 0.4% in services and 1.2% in construction, while the production sector fell by 0.3% ONS director of economic statistics Liz McKeown said: 'Growth slowed in the second quarter after a strong start to the year. The economy was weak across April and May, with some activity having been brought forward to February and March ahead of stamp duty and tariff changes, but then recovered strongly in June. Read more on Yahoo Finance UK Pedro Goncalves was up bright and early covering UK GDP. Here's what he found: The UK economy's growth slowed between April and June, according to official figures, as US president Donald Trump's tariffs hit and businesses grappled with higher costs. Figures from the Office for National Statistics (ONS) showed growth in gross domestic product (GDP) slowed to 0.3% in the three months to the end of June, down from a rate of 0.7% in the first quarter. Economists polled by Reuters, as well as the Bank of England, had forecast 0.1% growth in GDP for the April-June period. Growth in the latest quarter was driven by increases of 0.4% in services and 1.2% in construction, while the production sector fell by 0.3% ONS director of economic statistics Liz McKeown said: 'Growth slowed in the second quarter after a strong start to the year. The economy was weak across April and May, with some activity having been brought forward to February and March ahead of stamp duty and tariff changes, but then recovered strongly in June. Read more on Yahoo Finance UK Good morning! Hello again. Lucy Harley-McKeown here, ready for another day of rolling markets coverage for European hours. Two important things we'll be covering off today related to the UK economy: The latest GDP reading The RICS house price index Elsewhere, economic twitchers will be watching the UK industrial, manufacturing and construction output and EU GDP. There are first-half results rolling in from: Aviva (AV.L), Admiral (ADM.L), Antofagasta (ANTO.L) and Savills (SVS.L) In the US, Birkenstock (BIRK) is set to report results. Let's get to it. Hello again. Lucy Harley-McKeown here, ready for another day of rolling markets coverage for European hours. Two important things we'll be covering off today related to the UK economy: The latest GDP reading The RICS house price index Elsewhere, economic twitchers will be watching the UK industrial, manufacturing and construction output and EU GDP. There are first-half results rolling in from: Aviva (AV.L), Admiral (ADM.L), Antofagasta (ANTO.L) and Savills (SVS.L) In the US, Birkenstock (BIRK) is set to report results. Let's get to it. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
23 minutes ago
- Bloomberg
Stocks Hit Record High; Bessent: Rates Should Be 1.5-1.75% Lower
Scott Bessent feeds the rally, as Treasuries gain and US stocks close at another record high. The Treasury Secretary tells Bloomberg interest rates should be up to 175 basis points lower. Donald Trump warns of "very severe consequences" if Russia's Vladimir Putin doesn't agree to a ceasefire at tomorrow's summit. And Bloomberg learns Apple is planning to introduce an ambitious slate of new AI devices... including robots, a lifelike Siri and home-security cameras. (Source: Bloomberg)
