The company demonstrates strong organic growth with a 13% sales increase to EUR 1.084 billion and 17% EBITDA growth to EUR 77.9 million over nine months, positioning itself as a leading Central European IT services provider. With a solid order backlog and strategic investments in defense and infrastructure, management has confirmed full-year guidance of EUR 1.35–1.45 billion sales and EUR 105–125 million EBITDA.
Cyborg Score Rationale
adesso demonstrates solid operational performance with double-digit organic growth, expanding margins, and strategic positioning in high-demand digitalization services. The company shows financial discipline with a 37.81% payout ratio and consistent execution against guidance.
Top Insights
Strong organic growth momentum: 13% sales increase YTD 2025 driven by digitalization demand across core sectors
Margin expansion evident: EBITDA margin improved to 7.2% through operational efficiency gains and higher-margin service mix
Diversified industry exposure mitigates cyclical risk across automotive, finance, healthcare, public sector, and utilities
Recent H1 2025 performance: 12% sales growth to EUR 709.5 million with significant EBITDA improvement signals sustained momentum
Named Competitors
Management Consulting — Global IT consulting and managed services
Digital Services — European IT services and digital transformation
IT Solutions — Enterprise IT services provider
Managed Services — Global IT services and digital operations
Recent Developments
(Mar 2026) Stock trading at EUR 93.50 on XETRA with 1.21% dividend yield (EUR 0.75 per share)
(9M 2025) Achieved 13% organic sales growth to EUR 1.084 billion with 17% EBITDA expansion
(H1 2025) Sales increased 12% to EUR 709.5 million with 34% EBITDA boost demonstrating strong execution
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