Brief: Adtran Networks SE Announces Results For Fiscal Year 2023

Adtran Networks SE

27/02/2024 05:25

Feb 27 (Reuters) - Adtran Networks Se  ADVG.DE :
    * EQS-ADHOC: ADTRAN NETWORKS SE ANNOUNCES RESULTS FOR FISCAL
YEAR
2023
    * FY REVENUES DOWN BY 13.8% TO EUR 613.7 MILLION
    * REVENUE IN Q4 2023 WAS DOWN 18.7% TO EUR 118.5 MILLION
    * PRO FORMA EBIT IN Q4 2023 WAS EUR 9.3 MILLION UP APPROX.
6.0%
FROM EUR 8.7 MILLION IN Q3 2023
    * PRO FORMA EBIT FOR 2023 WAS DOWN 21.0%, FROM 50.4 MILLION
OR
7.1% OF REVENUES IN 2022 TO EUR 39.8 MILLION
    * PRO FORMA GROSS PROFIT WAS DOWN 6.6% FROM EUR 236.9
MILLION
(33.3% OF REVENUES) IN 2022 TO EUR 221.3 MILLION (36.1% OF
REVENUES) IN 2023

Source text for Eikon:  ID:nEQ3c3X2Ta 
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