Brief: Adva Optical Networking Q1 Net Profit Up 255.2% At EUR 11.2 Mln

Adtran Networks SE

22/04/2021 06:10

April 22 (Reuters) - ADVA OPTICAL NETWORKING SE  ADAG.DE :
    * Q1 REVENUE ROSE 8.9 PERCENT TO 144.5 MILLION EUR
    * Q1 NET PROFIT ROSE 255.2 PERCENT TO 11.2 MILLION EUR
    * OUTLOOK FISCAL YEAR 2021: REVENUES EUR 580 - 610 MILLION;
PRO
FORMA OPERATING INCOME 6.0% - 10.0% OF REVENUES
    * Q1 REVENUES UP 8.9% YEAR-OVER-YEAR TO EUR 144.5 MILLION
    * OPERATING INCOME FOR Q1 2021 OF EUR 11.6 MILLION DECREASED
BY
11.6% FROM EUR 13.1 MILLION REPORTED FOR Q4 2020
    * NET INCOME REACHED EUR 11.2 MILLION IN Q1 2021, DOWN BY
15.3%
FROM EUR 13.2 MILLION IN Q4 2020

Source text for Eikon:  ID:nBw5G6lkka 
Further company coverage:  ADAG.DE 

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