FRANKFURT (dpa-AFX) - Nagarro shares on Monday quickly recovered their losses recorded after the 2023 forecast. However, they did not come close to their daily high of 120 euros. Most recently, at 118.20 euros, they still cost 0.85 percent more than at the close of Xetra main trading on Friday.

The IT service provider aims to break the one billion euro sales mark in 2023, but will probably be less profitable. Jefferies analyst Martin Comtesse sees the outlook as confirming his optimistic stance despite the economic headwinds, according to an initial reaction to Nagarro's forecast available Monday./ajx/he