Brief: Adva Optical Networking Says Q3 Rev Rose 1.6 % To EUR 146.7 Mln

Adtran Networks SE

21/10/2020 21:14

Oct 21 (Reuters) - ADVA Optical Networking SE  ADAG.DE :
    * DGAP-ADHOC: ADVA OPTICAL NETWORKING SE ANNOUNCES Q3 2020
FINANCIAL RESULTS AND RELEASES NEW GUIDANCE FOR FULL YEAR 2020
    * Q3 REVENUE ROSE 1.6 PERCENT TO 146.7 MILLION EUR
    * REVENUES IN Q3 OF 2020 WERE EUR 146.7 MILLION, UP 1.6%
FROM
YEAR-AGO QUARTER
    * MANAGEMENT BOARD HAS WITHDRAWN SALES AND PROFITABILITY
FORECAST
FOR FULL YEAR 2020
    * EXPECTS FY 2020 REVENUES BETWEEN EUR 565 MILLION AND EUR
580
MILLION
    * QTRLY PRO FORMA OPERATING INCOME INCREASED BY 49.5% TO EUR
11.1
MILLION (Q3 2019: EUR 7.4 MILLION)
    * SEES PRO FORMA OPERATING INCOME BETWEEN 5% AND 6% AS A
PERCENTAGE OF REVENUES FOR FULL YEAR 2020

Source text for Eikon:  ID:nEQ460SCYa 
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