Brief: Adva Optical Networking SE Publishes Preliminary Results For Q4 2020 And FY 2020

Adtran Networks SE

07/01/2021 22:11

Jan 7 (Reuters) - ADVA Optical Networking SE  ADAG.DE :
    * DGAP-ADHOC: ADVA OPTICAL NETWORKING SE PUBLISHES
PRELIMINARY
RESULTS FOR Q4 2020 AND FISCAL YEAR 2020
    * PRELIMINARY REVENUE FOR Q4 WERE EUR 140.6 MILLION AND DOWN
BY
7.0% FROM YEAR-AGO QUARTER
    * ADVA OPTICAL NETWORKING - Q4 PRELIMINARY PRO FORMA
OPERATING
INCOME OF EUR 14.4 MILLION WAS UP BY 39.1% COMPARED TO Q4 2019
(Q4 2019: EUR 10.3 MILLION)
    * ADVA OPTICAL NETWORKING -Q4 PRELIMINARY PRO FORMA
OPERATING
INCOME MARGIN OF 10.2% UP BY 3.4 PERCENTAGE POINTS VERSUS TO
YEAR-AGO QUARTER (Q4 2019: 6.8%)
    * FISCAL 2020 PRELIMINARY REVENUES WERE EUR 565.0 MILLION UP
BY
1.5% COMPARED TO PREVIOUS YEAR (2019: EUR 556.8 MILLION)
    * FOR FISCAL YEAR 2021, MANAGEMENT EXPECTS REVENUES BETWEEN
EUR
580 AND EUR 610 MILLION
    * ADVA OPTICAL NETWORKING -FISCAL YEAR 2020 PRELIMINARY PRO
FORMA
OPERATING INCOME OF EUR 33.8 MILLION WAS UP BY 36.4% VERSUS
PREVIOUS YEAR (2019: EUR 24.8 MILLION)
    * FOR FISCAL YEAR 2021, THE MANAGEMENT EXPECTS PRO FORMA
OPERATING
INCOME MARGIN BETWEEN 6% AND 9%

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