Brief: ADVA: Q3 EBIT Up At EUR 11.7 Mln

Adtran Networks SE

08/11/2022 06:04

Nov 8 (Reuters) - ADVA OPTICAL NETWORKING SE  ADAG.DE :
    * REPORTS RECORD REVENUES AND IMPROVES PROFITABILITY FOR
Q3 2022
    * Q3 EBIT ROSE 82.3 PERCENT TO 11.7 MILLION EUR
    * Q3 NET PROFIT FELL 95.2 PERCENT TO 900,000 EUR
    * Q3 REVENUE ROSE 18.3 PERCENT TO 179.6 MILLION EUR
    * ADVA REPORTS RECORD REVENUES AND IMPROVES PROFITABILITY
FOR Q3
2022
    * QUARTERLY REVENUES OF EUR 179.6 MILLION, UP BY 18.3%
COMPARED TO
YEAR-AGO QUARTER
    * PRO FORMA EBIT AT EUR 11.7 MILLION (6.5% OF REVENUES)
    * OUTLOOK FISCAL YEAR 2022 UNCHANGED: REVENUES EUR 680 - 730
MILLION; PRO FORMA EBIT 5.0% - 9.0% OF REVENUES
    * REVENUES IN Q3 2022 REACHED EUR 179.6 MILLION, AN INCREASE
OF
8.0% FROM EUR 166.3 MILLION IN Q2 2022
    * PRO FORMA EBIT FOR Q3 2022 WAS EUR 11.7 MILLION (6.5% OF
REVENUES) AND INCREASED SIGNIFICANTLY BY 82.3% COMPARED TO EUR
6.4 MILLION (3.9% OF REVENUES) REPORTED IN Q2 2022
    * NET INCOME WAS EUR 0.9 MILLION IN Q3 2022

Source text for Eikon:  ID:nEQ11GTLja 
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