DORTMUND (dpa-AFX) - Following a decline in operating profit in 2023, IT service provider Adesso is aiming to improve in the new year. Despite a generally difficult economy, the outlook for the IT industry is positive, also due to the demand for digitization, the company said on Friday afternoon as part of the presentation of preliminary figures. The management expects a double-digit growth rate for turnover in 2024. In absolute terms, more than 1.25 billion euros are expected.

Earnings before interest, taxes, depreciation and amortization (EBITDA) are expected to rise to between 110 and 130 million euros. In 2023, the SDax-listed company reached the middle of the target range lowered in the fall with an operating profit of 80 million euros. This is just under 14% less than in 2022 and around the average figure that analysts had in mind.

Adesso's share price rose in an initial reaction. The most recent gain was 2.8 percent./mis/he