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DGAP-News ADVA Optical Networking SE posts strongest Q1 results in company's history

Nachrichtenquelle: EQS Group AG
22.04.2021, 07:00  |  117   |   |   

DGAP-News: ADVA Optical Networking SE / Key word(s): Quarter Results
ADVA Optical Networking SE posts strongest Q1 results in company's history

22.04.2021 / 07:00
The issuer is solely responsible for the content of this announcement.


* Quarterly revenues up 8.9% year-over-year to EUR 144.5 million
* Pro forma operating income increased significantly to EUR 12.9 million (8.9% of revenues)
* Outlook fiscal year 2021: Revenues EUR 580 - 610 million; Pro forma operating income 6.0% - 10.0% of revenues

Munich, Germany. April 22, 2021. ADVA (ISIN: DE0005103006), a leading provider of open networking solutions for the delivery of cloud and mobile services, reported record financial results for Q1 2021 ended on March 31, 2021. The results have been prepared in accordance with International Financial Reporting Standards (IFRS).

Q1 2021 financial summary

(in thousands of EUR) Q1 Q1 Change Q4 Change        
  2021 2020   2020          
 
Revenues 144,473 132,686 8.9% 140,572 2.8%        
Pro forma gross profit 55,345 42,275 30.9% 54,641 1.3%        
in % of revenues 38.3% 31.9% 6.4pp 38.9% -0.6pp        
Pro forma operating income 12,860 -1,671 869.6% 14,343 -10.3%        
in % of revenues 8.9% -1.3% 10.2pp 10.2% -1.3pp        
Operating income (loss) 11,573 -4,038 386.6% 13,085 -11.6%        
Net income 11,228 -7,235 255.2% 13,249 -15.3%        
         
(in thousands of EUR) Mar. 31
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DGAP-News ADVA Optical Networking SE posts strongest Q1 results in company's history DGAP-News: ADVA Optical Networking SE / Key word(s): Quarter Results ADVA Optical Networking SE posts strongest Q1 results in company's history 22.04.2021 / 07:00 The issuer is solely responsible for the content of this announcement. * Quarterly …

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