Brief: Adtran Networks Says Quarterly Revenues Down 18.9% Year-Over-Year To EUR 145.7 Mln
07/11/2023 01:50
Nov 6 (Reuters) - Adtran Networks Se ADVG.DE :
* EQS-NEWS: ADTRAN NETWORKS SE REPORTS THIRD QUARTER 2023
RESULTS
* QUARTERLY REVENUES DOWN 18.9% YEAR-OVER-YEAR TO EUR 145.7
MILLION
* PRO FORMA EBIT IN Q3 2023 WAS EUR 8.7 MILLION, DOWN 27.8%
* EXPECTS BUSINESS YEAR 2023 REVENUE TO DECLINE IN HIGH
SINGLE-DIGIT TO LOW TEENS PERCENTAGE RANGE COMPARED TO BUSINESS
YEAR 2022
* EXPECTS FY 2023 PRO FORMA EBIT MARGIN TO BE IN LOW
SINGLE-DIGIT
PERCENTAGE RANGE
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