Brief: Adva Optical Q1 Operating Loss Turns To Profit

Adtran Networks SE

21/04/2021 15:29

April 21 (Reuters) - ADVA OPTICAL NETWORKING SE  ADAG.DE :
    * REPORTS FINANCIAL RESULTS FOR Q1 2021 AND PUBLISHES
REVISED
OUTLOOK FOR THE FULL YEAR
    * PRELIMINARY PRO FORMA OPERATING INCOME MARGIN WAS 8.9% IN
Q1
2021 (Q1 2020: -1.3%)
    * PRO FORMA OPERATING INCOME OF EUR 12.9 MILLION INCREASED
COMPARED TO YEAR-AGO QUARTER (Q4 2020: EUR -1.7 MILLION)
    * Q1 REVENUES WERE EUR 144.5 MILLION, UP BY 8.9% COMPARED TO
YEAR-AGO QUARTER (Q1 2020: EUR 132.7 MILLION)
    * NOW EXPECTS A PRO FORMA EBIT MARGIN OF BETWEEN 6% AND 10%
AND
MAINTAINS REVENUE GUIDANCE OF BETWEEN EUR 580 MILLION AND EUR
610 MILLION FOR FULL YEAR 2021

Source text for Eikon:  ID:nEQ8Pd8M1a 
Further company coverage:  ADAG.DE 

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