sur ADVA Optical Networking SE (isin : DE0005103006)
Adtran Networks SE Reports Q3 2024 Financial Results
Adtran Networks SE disclosed a 30.4% decline in Q3 2024 revenues, amounting to EUR 101.4 million compared to EUR 145.7 million in Q3 2023. Revenue for the first nine months of 2024 also saw a 35.6% drop. The decrease is attributed to lower demand due to high inventory levels and the end of past significant projects.
The pro forma gross profit for Q3 2024 was EUR 37.9 million, down from EUR 55.2 million in the prior year, with a stable gross profit margin. Operating losses in Q3 2024 reached EUR 6.0 million, reversing from a modest profit in 2023, driven by lower revenue and high operating expenses.
Net cash from operations rose, thanks in part to effective working capital management, totaling EUR 42.8 million in Q3 2024. However, net losses also grew due to reduced revenue and increased interest rates on new bank loans.
The outlook remains cautious with expected continued low demand. However, long-term prospects appear positive with the growth of digital infrastructure and networking.
R. P.
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