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 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 summary¹ 

(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