EKINOPS: Turnover for the first half of 2024 at EUR 57.5 million

Paris, July 11, 2024 - EKINOPS, leader in telecommunications solutions for operators and businesses, announced consolidated revenue of €57.5 million for the first half of 2024. This represents a drop of 19% compared to the same period in 2023.

During the 2nd quarter of 2024, turnover was €29.2 million, a decrease of 25% compared to 2023, but an increase of 3% compared to the 1st quarter of 2024. Sales of solutions Access increased by 1%, while those of Optical Transport fell by 41%.

In France, turnover increased by 5%, while internationally, the drop was 31%. In North America, sales reached €12.6 million, down 31%.

EKINOPS also obtained a grant of €1.8 million for the “ORANGE MECT PART” project and plans new dynamics with the launch of the 800G optical solution. The outlook for the 3rd quarter is stable with an expected improvement in the 4th quarter.