Brief: Adva Optical Networking SE Preliminary Revenue And Profitability Development In Q2 Of 2020 Exceeds Previous Year And Analyst Estimates

Adtran Networks SE

16/07/2020 17:55

July 16 (Reuters) - ADVA Optical Networking SE  ADAG.DE :
    * DGAP-ADHOC: ADVA OPTICAL NETWORKING SE: PRELIMINARY
REVENUE AND
PROFITABILITY DEVELOPMENT IN THE SECOND QUARTER OF 2020 EXCEEDS
PREVIOUS YEAR AND ANALYST ESTIMATES
    * Q2 REVENUE ROSE 8.9 PERCENT TO 145 MILLION EUR
    * PRELIMINARY REVENUE AND PROFITABILITY DEVELOPMENT IN Q2 OF
2020
EXCEEDS PREVIOUS YEAR AND ANALYST ESTIMATES
    * PRELIMINARY REVENUES WERE EUR 145.0 MILLION AND INCREASED
BY
8.9% COMPARED TO YEAR-AGO QUARTER (Q2 2019: EUR 133.2 MILLION)
    * PRELIMINARY PRO FORMA OPERATING INCOME WAS EUR 10.1
MILLION AND
INCREASED SIGNIFICANTLY BY 133.0% COMPARED TO Q2 2019 (Q2 2019:
EUR 4.3 MILLION)
    * PRELIMINARY PRO FORMA OPERATING INCOME MARGIN WAS 7.0% AND
THUS
3.7 PERCENTAGE POINTS UP FROM YEAR-AGO QUARTER (Q2 2019: 3.3%)
    * PRELIMINARY NET DEBT WAS EUR 44.9 MILLION AND IMPROVED
SUBSTANTIALLY BY 34.0% (Q2 2019: 68.1 MILLION)
    * DESPITE VERY POSITIVE Q2, THERE IS STILL HIGH UNCERTAINTY
ABOUT
FURTHER COURSE OF COVID-19 CRISIS AND ITS IMPACT ON ADVA'S
BUSINESS
    * MANAGEMENT BOARD WILL NOT ISSUE NEW GUIDANCE FOR ENTIRE
YEAR
2020

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