Nagarro: Nagarro slides after postponing FY results due to audit delay

** Shares in Nagarro NA9 slump 9.6% in early Frankfurt trade after the German digital engineering group on Friday said it would postpone its FY results as additional time is needed to complete the audit process ** "This slight delay in publication of the audited annual report will probably lead to the temporary exclusion of Nagarro shares from the TecDAX TDXP and SDAX S SDXP indices of Deutsche Boerse DB1 ," Nagarro said ** The company said that on the basis of the use of a rectified approach for the purchase price allocations of acquisitions and the treatment of earn-out liabilities, there will be a reduction in goodwill, an increase in other intangibles, and a reduction in liabilities ** "This will have an impact on 2023 profit and loss statement, but will not change 2023 adj. EBITDA," it added ** "New uncertainty weighs on shares," a local trader says ** The German company confirmed its FY guidance and dividend for 2024