Brief: Adva Optical Networking Q1 Net Profit EUR 6.2 Mln

Adtran Networks SE

28/04/2022 06:10

April 28 (Reuters) - ADVA OPTICAL NETWORKING SE  ADAG.DE :
    * Q1 REVENUE 170.5 MILLION EUR
    * Q1 NET PROFIT FELL 45 PERCENT TO 6.2 MILLION EUR
    * Q1 EBIT FELL 39.3 PERCENT TO 7.8 MILLION EUR
    * OUTLOOK FISCAL YEAR 2022: REVENUES EUR 650 - 700 MILLION;
PRO
FORMA EBIT 6.0% - 10.0% OF REVENUES
    * PRO FORMA GROSS PROFIT IN Q1 2022 DECREASED BY 4.8%,
REACHING
EUR 53.4 MILLION (31.3% OF REVENUES) COMPARED TO EUR 56.1
MILLION (35.6% OF REVENUES) IN Q4 2021 AND DECREASED BY 3.5%
COMPARED TO EUR 55.3 MILLION (38.3% OF REVENUES) REPORTED IN Q1
2021
    * OPERATING INCOME FOR Q1 2022 OF EUR 6.0 MILLION DECREASED
BY
46.6% FROM EUR 11.2 MILLION REPORTED FOR Q4 2021 AND DECREASED
BY 48.4% FROM EUR 11.6 MILLION IN Q1 2021

Source text for Eikon:  ID:nBw8n9Dcla 
Further company coverage:  ADAG.DE 

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