Tech Giant Nagarro SE Announces Delay in Publishing Financials, Reiterates Strength in 2024 Guidance, Confirms Dividend Payouts

Munich-based Nagarro SE, a notable name in the tech world, has decided to delay the release of its full-year results and annual report for 2024. The decision stems from the need to adequately complete preparation and auditing processes, particularly surrounding the complex nature of revenue recognition. However, fear not for your investment, as Nagarro staunchly confirms that it is on course to hit its financial targets for 2024.

The delay means the publishing schedule is now as follows: preliminary 2024 results will be published on April 29, 2025, and the audited 2024 financial statements and 2024 annual report will see the light of day on May 15, 2025. This brief delay could lead to temporary exclusion of Nagarro SE shares from the indices of Deutsche Boerse AG, specifically TecDAX and SDAX.

Further assuring its investors, Nagarro intends to distribute dividends to shareholders amounting to between 10% and 20% of EBIT. This heartening news is subject to approval at the Annual General Meeting, rescheduled for June 30, 2025. This highlights Nagarro’s commitment to remain steadfast to its investors despite the slight delay in financial reporting.