A year of transformation for digital engineering company Nagarro SE (news with additional features)

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DGAP-News: Nagarro SE / Keyword (s): Annual report / Annual results
03.05.2021 / 10:58
The issuer is solely responsible for the content of this advertisement.

May 03, 2021 – 2020 has been an eventful year for Nagarro, a global leader in digital product engineering. As Covid-19 interfered with normal life and rocked the global economy, Nagarro prepared and executed the spin-off of the former parent company Allgeier SE, and publicly traded in December 2020. In view of this major milestone, The Company also unveiled a new brand identity that better reflects the ethics and values ​​of the company.

A positive annual result for 2020

With its diverse base of 750 blue chip customers from 50 countries and strong demand for digital solutions, Nagarro has performed well despite the ongoing pandemic. Nagarro’s turnover increased from 402.4 million euros in 2019 to 430.4 million euros in 2020, an increase of 7%. Adjusted EBITDA, a non-IFRS figure, increased 38% from € 55.0 million in 2019 to € 76.2 million in 2020. “Many of our clients and colleagues have faced a difficult year 2020“said Cindy Wolf, Managing Director of New York-based Nagarro. “We have been able to continue to develop and grow as a business, creating important new digital products and services for our customers.“.

List and new brand identity

Nagarro successfully pursued the plan to separate from its parent company Allgeier and go public. On December 16, 2020, Nagarro SE was listed on the Prime Standard of the Frankfurt Stock Exchange with an initial listing of € 69.00 and closed on December 30, 2020 with an increase of approximately 32% to € 91.00. While preparing the list, Ngarro also introduced a new logo, new branding and a new website. This was implemented internally with the company’s marketing and design team and underscored the friendly and humanistic nature of Nagarro.

Organizational design and culture

Over many years, Nagarro has invested in building a modern, agile, entrepreneurial and people-centered business with a distinctive organizational design and culture. As a virtual and global company without a head office, Nagarro places particular emphasis on its unique corporate value of “CARING” – also an acronym for Client-centric, Agile, Responsible, Intelligent, Non-hierarchical and Global. During a year of disruption, Nagarro’s unique organizational design allowed for a smooth continuation of day-to-day operations and rapid adjustments to changing market conditions. “The past year has shown that thanks to our agility and our global CARING culture, we can emerge stronger from a crisis.Says Neeraj Chhibba, member of the Nagarro Finance Council.We are convinced that our values, capabilities and customer relationships form a solid basis for sustainable future success.. “

2020

2020 was a year of transformation for digital engineering company Nagarro SE

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Download Nagarro’s 2020 annual report at https://annualreport.nagarro.com
For more information visit www.nagarro.com
For any request, please contact [email protected]

About Nagarro

Nagarro (FRA: NA9) is a world leader in digital engineering. They help customers to become innovative and digitally-driven companies and thus to win in their markets. Nagarro stands out for its entrepreneurial, agile and global character, its CARING mindset and its “Thinking Breakthroughs” approach. As of December 31, 2020, the company employed more than 8,600 people in 25 countries. For more information visit www.nagarro.com.

ISIN DE000A3H2200, WKN A3H220

Additional features:

Deposit: Nagarro SE Annual Report 2020

03.05.2021 Distribution of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this advertisement.

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