ADVA Optical Networking SE
- WKN: 510300
- ISIN: DE0005103006
- Land: Deutschland
Nachricht vom 22.04.2021 | 07:00
ADVA Optical Networking SE posts strongest Q1 results in company's history
DGAP-News: ADVA Optical Networking SE
/ Key word(s): Quarter Results
* Quarterly revenues up 8.9% year-over-year to EUR 144.5 million
Munich, Germany. April 22, 2021. ADVA (ISIN: DE0005103006), a leading provider of open networking solutions for the delivery of cloud and mobile services, reported record financial results for Q1 2021 ended on March 31, 2021. The results have been prepared in accordance with International Financial Reporting Standards (IFRS).
Q1 2021 financial summary1
1 Potential difference due to rounding
Pro forma gross profit in Q1 2021 increased by 1.3%, reaching EUR 55.3 million (38.3% of revenues) compared to EUR 54.6 million (38.9% of revenues) in Q4 2020 and increased significantly by 30.9% compared to EUR 42.3 million reported in the year-ago quarter. Orders for network synchronization technology again developed positively in Q1. In addition, the customer mix contributed positively to the margin increase in the past quarter.
Pro forma operating income for Q1 2021 was EUR 12.9 million (8.9% of revenues) and decreased by 10.3% compared to EUR 14.3 million (10.2% of revenues) reported in Q4 2020. Compared to the year-ago quarter, pro forma operating income improved significantly by 869.6% from a loss of EUR 1.7 million (-1.3% of revenues). Hence the pro forma operating margin was at the top end of the guidance corridor of 7% to 9%. In addition to the higher gross profit, this substantial margin improvement is mainly due to improved operational expenditures.
Operating income for Q1 2021 of EUR 11.6 million decreased by 11.6% from EUR 13.1 million reported for Q4 2020 and significantly increased by 386.6% from a loss of EUR 4.0 million in the same year-ago quarter.
Net income reached EUR 11.2 million in Q1 2021, down by 15.3% from EUR 13.2 million in Q4 2020, and significantly up by 255.2% from a loss of EUR 7.2 million in Q1 2020.
The company's cash and cash equivalents totaled EUR 79.1 million, representing an increase of EUR 14.2 million compared to EUR 64.9 million at the end of Q4 2020. Year-over-year cash and cash equivalents substantially increased by EUR 26.3 million from EUR 52.7 million at the end of Q1 2020. The higher cash balance is mainly the result of the improved profitability and lower capital expenditures, particularly compared to the prior-year quarter.
Consequently, net debt in Q1 2021 strongly decreased by EUR 14.9 million to EUR 10.6 million from EUR 25.5 million at the end of Q4 2020 and improved significantly by EUR 57.1 million compared to Q1 2020 (EUR 67.7 million).
Net working capital at quarter-end was EUR 125.8 million and decreased by EUR 4.1 million compared to EUR 129.9 million at the end of Q4 2020.
Financial outlook 2021
The company will publish its financial results for Q2 2021 on July 22, 2021.
Conference call details
A corresponding presentation is available on ADVA's website:
The complete quarterly statement 3M 2021 (January - March) is available as a PDF: https://www.adva.com/en/about-us/investors/financial-results/financial-statements
A replay of the call will be available here:
Use of pro forma financial information
|Company:||ADVA Optical Networking SE|
|Phone:||+49 89 890 665 0|
|Fax:||+49 89 890 665 199|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1187398|
|End of News||DGAP News Service|
Event im Fokus
10. Juni 2021:Fachkonferenz Immobilien
14./15. Juli 2021: Fachkonferenzen Beteiligungsgesellschaften & Consumer/Leisure
13./14. Oktober 2021: Fachkonferenzen Finanzdienstleistungen/Technologie
10./11. November 2021: Fachkonferenzen Software/IT & Branchenmix
„Je nach aktueller Covid-19 Situation und den bestehenden Vorschriften für Versammlungen entscheidet sich ca. 5 Wochen vor dem Termin, in welcher Form die Konferenzen stattfinden.“
Kaufen: Aspermont Limited hat Turnaround abgeschlossen
Der AKTIONÄR News
18. September 07:00 Fashionette-CEO: „Wir haben ideale Voraussetzungen, um – profitabel – ...
18. September 07:00 JPMorgan und Bank of America: „Kauft Green-Tech-Aktien“ – diese ...
18. September 07:00 Top-Tipp Derivate: Wie geschmiert
18. September 06:00 Nach Plug Power, Nynomic, Nvidia und Enphase – das ist der nächste ...
17. September 21:18 Nasdaq 100 mit größtem Verlust seit Mai – der Tag an der Wall Street
News im Fokus
Vonovia SE: Vonovia verkauft Berliner Wohnungsbestände aus dem Zukunfts- und Sozialpakt Wohnen
17. September 2021, 12:40
Cantor Global Healthcare Conference Fireside Chat
30. September 2021
Original-Research: CR Capital AG (von First Berlin Equity Research GmbH): Buy
17. September 2021