EQS-News

ADVA publishes record revenues in Q1 2023

EQS-News: ADVA Optical Networking SE / Key word(s): Quarterly / Interim Statement ADVA publishes record revenues in Q1 2023 08.05.2023 / 23:45 CET/CEST The issuer is solely responsible for the content of this announcement. ADVA publishes record revenues in Q1 2023

• Quarterly revenues up 5.2% year-over-year to EUR 179.4 million

• Pro forma EBIT increased strongly to EUR 9.7 million (5.4% of revenues)

• Outlook for fiscal year 2023: High single-digit to low double-digit percentage increase in revenues and year-over-year increase in pro forma EBIT

Munich, Germany. May 9, 2023. ADVA (ISIN: DE0005103006, FSE: ADV), a leading provider of open networking solutions for the delivery of cloud and mobile services, reported financial results for Q1 2023 ended on March 31, 2023. The results have been prepared in accordance with International Financial Reporting Standards (IFRS).
 

Q1 2023 financial summary¹

(in thousands of EUR)	Q1	Q1	Change	Q4	Change
	2023	2022		2022
Revenues	179,358	170,498	5.2%	195,699	-8.4%
Pro forma gross profit	58,371	53,405	9.3%	71,434	-18.3%
in % of revenues	32.5%	31.3%	1.2pp	36.5%	-4.0pp
Pro forma EBIT	9,730	7,812	24.6%	24,407	-60.1%
in % of revenues	5.4%	4.6%	0.8pp	12.5%	-7.1pp
Operating income2	6,227	5,976	4.2%	14,803	-57.9%
Net income	3,627	6,179	-41.3%	3,781	-4.1%
(in thousands of EUR)	Mar. 31