adesso SE Due Diligence

Run due diligence on adesso SE: check compliance and get alerts when suppliers or ownership change.

Germany · owned by Independent (Germany) · www.adesso.de · 34 vendors

adesso SE is a leading independent IT services company in the German-speaking region, offering IT consulting and custom software development to help clients optimise their core business processes. With over 11,500 employees across more than 65 locations, the adesso Group generated approximately €1.47 billion in revenue in 2025. The company serves a broad range of industries including banking, insurance, healthcare, energy, public administration, and automotive, with a strong focus on AI-driven digital transformation.

Resilience scores

Technology vendors

Services catalogue

3 services in catalogue across 2 categories; runs on 34 sub-vendors.

Insights

Last updated 2026-11-05 · revision 21

34 direct vendors, 281 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

12 in-scope frameworks identified; showing 3.

GDPR (source) — Evidence found

adesso SE is established in Germany (EU) and processes the personal data of employees, customers, and website visitors, making it directly subject to the General Data Protection Regulation.

Evidence: https://www.adesso.de/en/datenschutz/standard-page.jsp, https://www.adesso.de/de/datenschutz/datenschutz-neu.jsp, https://www.adesso.de/en/datenschutz/data-privacy.jsp, https://www.adesso.de/en/unternehmen/zertifizierungen/index.jsp, https://www.adesso.de/en/unternehmen/qualitaetsversprechen/index.jsp

MDR — Evidence found

The company's certifications page states it holds a certification for the 'Development and production of software for medical devices for their manufacturers,' making it subject to relevant quality management standards.

DORA (source) — No public evidence

adesso SE is a critical ICT third-party service provider to the financial sector, one of its core industries. The Digital Operational Resilience Act directly regulates such providers.

Financials

Three-year financials

Financial Resilience Score: 6/10

adesso SE demonstrates strong top-line resilience, with revenue growing roughly 4.6x from 2017 to 2025 (CAGR ~21%) on a purely organic basis, reaching €1,465.8M in FY2025. Profitability has recovered meaningfully from the 2023 trough: EBITDA margin expanded from 7.0% to 8.4% and EBIT nearly doubled year-on-year to €50.6M in 2025. Diversification across regulated verticals (Public Administration, Insurance, Banks/Financial Services, Healthcare, Utilities) provides counter-cyclical support, with public sector demand offsetting weaker private sector IT spending in 2024–25. The in|sure software product and the IT Solutions segment add licence-driven margin uplift. However, financial resilience is tempered by structural weaknesses. Net profit margin remains thin (~1.2% even in a record year), reflecting the labour-intensive nature of IT consulting and high sensitivity to personnel cost inflation. The equity base has eroded from €215.2M in 2022 to €192.7M in 2025, with the equity ratio dropping from 32.8% to 22.7%, driven by dividend payments and put-option liabilities from acquisitions. Net liquidity has deteriorated to €-73.7M (from €-46.6M in 2024), reflecting higher pre-financing needs. Geographic concentration is high, with ~95% of revenue from DACH and 83.6% from Germany alone. The 2024 restatement of comparatives also raises some transparency considerations. Overall, adesso has solid growth momentum and improving profitability but limited balance sheet cushion for a downturn.

Key strengths: Organic revenue CAGR of ~21% from 2017 to 2025, reaching €1,465.8M, EBITDA margin recovery from 7.0% (2023) to 8.4% (2025), EBIT nearly doubled YoY to €50.6M in 2025 (+86%), Diversified vertical mix across regulated industries (Insurance, Banks, Healthcare, Utilities, Public Administration), Counter-cyclical public sector exposure offsetting weak private demand, Own-software (in|sure) licence revenue tailwinds, Equity ratio of 22.7% remains above common 20% comfort threshold, Workforce grew +9% to 11,298 FTEs supporting continued growth

Risk factors: Thin net profit margin (~1.2%) with high personnel cost sensitivity, Equity declined from €215M (2022) to €193M (2025); equity ratio dropped from 32.8% to 22.7%, Net liquidity deteriorated to €-73.7M (2024: €-46.6M), High geographic concentration: ~95% of revenue from DACH, 83.6% from Germany alone, 2024 restatement of comparatives complicates like-for-like comparisons, Foreign FTE growth (+19%) outpacing foreign revenue growth (+7%), pressuring offshore margins, Macroeconomic sensitivity, with weaker private sector IT demand in 2024–25, Dividend payments and put-option liabilities eroding equity base

Signed-in users can see whether their own company is exposed to this vendor's disruption, plus the full sub-vendor list and country breakdowns, every in-scope compliance framework plus gaps and next steps, and alerts when any of it changes.

View the full interactive report