Brief: Adva Optical Networking Q2 EBIT Fell 55.4% At EUR 6.4 Mln

Adtran Networks SE

28/07/2022 06:08

July 28 (Reuters) - ADVA OPTICAL NETWORKING SE  ADAG.DE :
    * Q2 REVENUE ROSE 11.4 PERCENT TO 166.3 MILLION EUR
    * Q2 NET PROFIT FELL 39.2 PERCENT TO 7.3 MILLION EUR
    * Q2 EBIT FELL 55.4 PERCENT TO 6.4 MILLION EUR
    * OUTLOOK FISCAL YEAR 2022: REVENUES EUR 680 - 730 MILLION;
PRO
FORMA EBIT 5.0% - 9.0% OF REVENUES
    * Q2 PRO FORMA EBIT AT EUR 6.4 MILLION (3.9% OF REVENUES)
    * REVENUES IN Q2 2022 REACHED EUR 166.3 MILLION, DOWN BY
2.5% FROM
EUR 170.5 MILLION IN Q1 2022 AND UP BY 11.4% COMPARED TO EUR
149.4 MILLION IN Q2 2021
    * INCREASE IN REVENUES FOR Q2 2022 IS PREDOMINANTLY DRIVEN
BY A
GROWTH IN DEMAND FROM NETWORK OPERATORS AND INTERNET CONTENT
PROVIDERS (ICPS)
    * PRO FORMA GROSS PROFIT IN Q2 2022 INCREASED BY 1.7%,
REACHING
EUR 54.3 MILLION (32.7% OF REVENUES) COMPARED TO EUR 53.4
MILLION (31.3% OF REVENUES) IN Q1 2022 AND DECREASED BY 5.1%
COMPARED TO EUR 57.3 MILLION (38.3% OF REVENUES) REPORTED IN Q2
2021
    * OPERATING INCOME FOR Q2 2022 OF EUR 4.7 MILLION DECREASED
BY
22.1% FROM EUR 6.0 MILLION REPORTED FOR Q1 2022 AND
SIGNIFICANTLY DECREASED BY 64.3% FROM EUR 13.0 MILLION IN Q2
2021
    * NET INCOME REACHED EUR 7.3 MILLION IN Q2 2022, INCREASED
BY
18.0% FROM EUR 6.2 MILLION IN Q1 2022, AND CONSIDERABLY
DECREASED BY 39.2% FROM EUR 12.0 MILLION IN Q2 2021

Source text for Eikon:  ID:nBw47dQ3Xa 
Further company coverage:  ADAG.DE 

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