EQS-Adhoc: Nagarro SE: Adjustment in guidance for FY 2023

EQS-Ad-hoc: Nagarro SE / Key word(s): Forecast/Change in Forecast Nagarro SE: Adjustment in guidance for FY 2023 11-Aug-2023 / 19:09 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. August 11, 2023 – The Nagarro SE Management Board today analyzed the January through July developments and consequently decided to revise the company's guidance for 2023. Due to adverse currency movements and scale-backs in a few projects, the company now estimates the total 2023 revenue, calculated at today's currency exchange rates and not including future acquisitions, to be in the region of €915 million. As the company is carrying excess production capacity, which is reflected in the cost of revenues, the new estimate for gross margin is 26%, while the new estimate for Adjusted EBITDA margin is 13%. Note: This document contains supplementary non-IFRS financial measures. Gross margin and Adjusted EBITDA margin are alternative performance measures that are not defined in accordance with international accounting standards. Nagarro uses these measures to enable better comparability of the business over time and within the industry. For details on alternative performance measures see Nagarro SE Annual Report 2022. This document 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 Baierbrunner Str. 15 81379 Munich Tel.: [phone] Tel.: [phone] (Investor Relations) Fax: [phone] E-mail: [e-mail] Web: www.nagarro.com Nagarro SE (ISIN: DE000A3H2200 | WKN: A3H220 | FRA: NA9) End of Inside Information 11-Aug-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com

Language:	English
Company:	Nagarro SE
	Baierbrunner Straße 15
	81379 München
	Germany
Phone:	089 / 785 000 282
Internet:	www.nagarro.com
ISIN:	DE000A3H2200
WKN:	A3H220
Indices:	SDAX, TecDAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1702345

End of Announcement	EQS News Service

1702345  11-Aug-2023 CET/CEST