DGAP-Ad-hoc: Nagarro SE / Key word(s): Forecast Nagarro SE: Revised guidance FY 2021 20-Sep-2021 / 10:42 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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Munich, September 20, 2021 - The Nagarro SE Management Board today analyzed the expected performance of the company and consequently decided to change the guidance for 2021. The revenue for 2021 is now expected to be EUR515 million instead of EUR495 million, driven by strong demand for Nagarro's digital software engineering services. The gross margin for 2021 is now expected to be 28% instead of 29%, mainly due to high wage inflation with a time lag in negotiating pricing improvements. The Adjusted EBITDA margin is now expected to be 14% instead of 15%. The company retains its medium-term guidance of 20% annual organic growth and 15% Adjusted EBITDA margin.

Note: This document contains supplementary non-IFRS financial measures. It also includes forward-looking statements that represent management's expectations based on assumptions and estimates, but future actual developments and future actual results may deviate from these assumptions and estimates.

Contact: Nagarro SE Investor Relations Einsteinstr. 172 81677 Munich Tel.: +49 (0)89/998421-0 Fax: +49 (0)89/998421-11 E-mail: ir@nagarro.com Web: www.nagarro.com

Nagarro SE (ISIN: DE000A3H2200 | WKN: A3H220 | FRA: NA9)

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20-Sep-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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Language:     English 
Company:      Nagarro SE 
              Einsteinstraße 172 
              81677 München 
              Germany 
Phone:        089 9984210 
Internet:     www.nagarro.com 
ISIN:         DE000A3H2200 
WKN:          A3H220 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1234422 
 
End of Announcement  DGAP News Service 
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1234422 20-Sep-2021 CET/CEST

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1234422&application_name=news

(END) Dow Jones Newswires

September 20, 2021 04:43 ET (08:43 GMT)