EQS-News

Adtran Networks SE announces results for Q1 2024

EQS-News: Adtran Networks SE / Key word(s): Quarter Results Adtran Networks SE announces results for Q1 2024 07.05.2024 / 06:00 CET/CEST The issuer is solely responsible for the content of this announcement. Adtran Networks SE announces results for Q1 2024

• Quarterly revenues at EUR 109.6 million
• Pro forma EBIT at negative EUR 3.4 million (-3.1% of revenues)

Munich, Germany. May 7, 2024. Adtran Networks SE (ISIN: DE0005103006, FSE: ADV), a leading provider of open networking solutions for the delivery of cloud and mobile services, reported financial results for Q1 2024 ended on March 31, 2024. The results have been prepared in accordance with International Financial Reporting Standards (IFRS).

Q1 2024 financial summary¹

(in thousands of EUR)	Q1	Q1	Change	Q4	Change
	2024	2023		2023
Revenues	109,606	179,358	-38.9%	118,470	-7.5%
Pro forma gross profit	39,738	58,371	-31.9%	47,491	-16.3%
in % of revenues	36.3%	32.5%	3.7pp	40.1%	-3.8pp
Pro forma EBIT	-3,403	9,730	n.a.%	9,257	n.a.%
in % of revenues	-3.1%	5.4%	-8.5pp	7.8%	-10.9pp
Operating income2	-8,848	6,227	n.a.	-1,108	n.a.
Net income/loss	-1,208	3,627	n.a.	-22,734	n.a.
(in thousands of EUR)	Mar. 31,