Adtran Networks SE
ADVA Optical Networking SE posts quarterly revenues of EUR 123.8 million for Q2 2018
DGAP-News: ADVA Optical Networking SE / Key word(s): Half Year Results/Half Year Results * Quarterly revenues up sequentially to EUR 123.8 million
Q2 2018 financial summary and other operational metrics*
*Potential differences due to rounding
Pro forma operating income for Q2 2018 was EUR 6.1 million (5.0% of revenues), compared to EUR 2.2 million (1.9% of revenues) in Q1 2018 and EUR 9.2 million (6.4% of revenues) in the same year-ago period. Therefore, pro forma operating income for Q2 2018 was at the upper end of the company’s guidance of between 1% and 6%. Operating income for Q2 2018 increased to EUR 4.1 million, compared to an operating loss of EUR 0.4 million reported for Q1 2018, and down from EUR 8.1 million in the same year-ago period. Net profit for Q2 2018 was EUR 4.6 million compared with EUR 4.5 million in the same year-ago period. At quarter-end, the company’s cash and cash equivalents increased by 3.4% to EUR 59.7 million compared to EUR 57.7 million in Q1 2018. The company’s net liquidity increased by EUR 7.6 million to negative EUR 36.6 million from negative EUR 44.2 million at the end of the prior quarter. Net working capital at quarter-end was EUR 121.8 million compared to EUR 122.5 million at the end of Q1 2018. “Q2 2018 marked the third consecutive quarter of sequential revenue growth along with increasing profitability,” said Ulrich Dopfer, CFO, ADVA. “Although the market for optical transmission technology remains highly competitive, our broad and growing customer base and diversification into different network applications provide us with a stable business foundation. Our acquisition of MRV, which we completed in August 2017 and have now fully integrated into our business, has delivered the anticipated revenue contributions and synergies. Coupling this with our continued financial discipline and strategic focus, we believe ADVA is on track towards increasing profitability and sustainable growth.” “Our Q2 2018 financial results underscore yet again the positive effects of our strategic investments over the past three years,” commented Brian Protiva, CEO, ADVA. “Our open, programmable, optical transmission technology offers significant value in terms of capacity, flexibility and automation to network operators, large enterprises, and internet content providers. Our technological advantage in cloud access solutions and network synchronization is growing, and we are developing a strategic presence with Tier 1 network operators. Both technology pillars are delivering increasing revenue contributions and opening doors to new customers. Altogether, we expect continued positive business development in the second half of the year.”
ADVA performs quarterly reviews of expected business development with respect to all intangible assets, including capitalized development expenses. In case of adverse business prospects, these reviews may result in non-cash impairment charges in Q3 2018 and beyond, which are excluded from the above guidance. The company will publish its financial results for Q3 2018 on October 25, 2018.
To participate, please dial the appropriate number at least five minutes prior to the start time and ask for the ADVA conference call. International number: +49 69 201 744 210 A corresponding presentation and a replay of the call is available on ADVA’s website: The Six-Month Report 2018 (January – June) is available as a PDF here:
For press: For investors:
19.07.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | ADVA Optical Networking SE |
Märzenquelle 1-3 | |
98617 Meiningen-Dreissigacker | |
Germany | |
Phone: | +49 89 890 665 0 |
Fax: | +49 89 890 665 199 |
E-mail: | IRelation@advaoptical.com |
Internet: | www.advaoptical.com |
ISIN: | DE0005103006 |
WKN: | 510300 |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
End of News | DGAP News Service |