Nagarro, global leader in digital engineering, announces 2022 financial results

Nagarro, world leader in the field of digital engineering, with over 900 employees in Romania, recorded global revenues of 856.3 million euros in fiscal year 2022, 56.8% more than in 2021. In 2022, Nagarro achieved solid, growing results in terms of the most important business indicators.

According to the company’s annual report, the value of gross profit increased to 247.1 million euros in 2022, from 154.4 million euros, the result achieved in 2021, and the gross margin reached 28.9%, compared to 28 .3% in 2021.

Adjusted EBITDA increased by 86.3%, from 79.7 million euros (14.6% of revenues) in 2021 to 148.5 million euros (17.3% of revenues) in 2022. The EBITDA value for 2022 was 145.6 million euros, 75.3 million euros higher than the result obtained in 2021, 70.3 million euros.
In 2022, the value of the EBIT indicator stood at 112.4 million euros, an increase of 66.7 million euros compared to the result reported in 2021, 45.7 million euros.

The net profit recorded in 2022 was 77.3 million euros, an increase of 47.3 million euros compared to 2021, when the value reached was 30 million euros.

Other results, reported at the level of the fourth quarter (Q4) of 2022, include revenues of 231 million euros, 42.5% more than in Q4 2021, when revenues of 162 million euros were achieved. At the same time, in Q4 2022, the company increased its internal team and network of collaborators by 163 people.

Nagarro has become one of the fastest growing digital engineering companies in the world and thanks to its organizational structure, innovation and growth-oriented culture, as well as engineering excellence.
In Eastern Europe, the company has more than 1,000 employees and has offices in Bucharest, Brașov, Cluj-Napoca, Craiova, Sibiu and Timișoara, as well as in Warsaw.

More information from the financial report can be accessed here.