Brief: Adtran Networks SE Updates Guidance For The Financial Year 2023

Adtran Networks SE

06/08/2023 23:59

Aug 6 (Reuters) - Adtran Networks SE  ADVG.DE :
    * EQS-ADHOC: ADTRAN NETWORKS SE: ADTRAN NETWORKS SE UPDATES
GUIDANCE FOR THE FINANCIAL YEAR 2023
    * ADTRAN NETWORKS SE Q2 REVENUE ROSE 2.3 PCT TO 170.2 MLN
EUR
    * ADTRAN NETWORKS SE  ADVG.DE  - MANAGEMENT EXPECTS THAT
COMPANY
WILL NOT BE ABLE TO MEET GUIDANCE FOR FINANCIAL YEAR 2023
    * ADTRAN NETWORKS SE  ADVG.DE  - MANAGEMENT EXPECTS FOR
BUSINESS
YEAR 2023 REVENUE TO DECLINE IN HIGH SINGLE DIGIT TO LOW TEENS
PERCENTAGE RANGE
    * ADTRAN NETWORKS SE  ADVG.DE  - MANAGEMENT NOW EXPECTS PRO
FORMA
EBIT MARGIN TO BE IN LOW SINGLE DIGIT PERCENTAGE RANGE

Source text for Eikon:  ID:nEQ4bwY1La 
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