EQS-News

ADVA publishes record revenues in Q1 2023 - Seite 2

2023 Mar. 31
2022 Change Dec. 31
2022 Change         Cash and cash equivalents 67,241 73,002 -7.9% 58,447 15.0%         Net cash (+) / Net debt (-)³ -24,296 763 n/a -19,185 -26.6%                            

 ¹ Potential difference due to rounding

² Q1 2023 including EUR 1,6 million, Q4 2022 including EUR 3.3 million and Q1 2022 including EUR 0.5 million extraordinary expenses  

³ Including EUR 62.0 million liabilities to Adtran

Q1 2023 IFRS financial results

Revenues in Q1 2023 decreased by 8.4% to EUR 179.4 million from EUR 195.7 million in Q4 2022 and increased by 5.2% compared to EUR 170.5 million in the same quarter last year. The decrease compared to the previous quarter was due to delivery bottlenecks and a lower order intake in the cloud access business. The increase in revenues compared to Q1 2022 is mainly attributable to the optical networking business.