Adtran Networks SE Reveals Q1 2024 Results: A Detailed Overview

• Adtran Networks SE announced its Q1 2024 results, with revenues at EUR 109.6 million.
• The company reported a pro forma EBIT at negative EUR 3.4 million, which is -3.1% of revenues.
• The company's Q1 2024 revenue was down 7.5% from Q4 2023 and down 38.9% compared to Q1 2023.
• The company's net loss was EUR 1.2 million in Q1 2024, compared to a net loss of EUR 22.7 million in Q4 2023.
• The company's cash and cash equivalents increased by EUR 2.3 million to EUR 32.9 million compared to the end of Q4 2023.
• The company's net debt decreased by EUR 6.4 million from Q4 2023 to Q1 2024, but increased by EUR 11.7 million from Q1 2023.

At this time, the index SDAX was at 14.537,07PKT (+0,62 %).

Adtran Networks

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ISIN:DE0005103006WKN:510300

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