Half-year results 2024: EKINOPS posts an EBITDA margin of 14.3%

On July 29, 2024, Ekinops published its half-year results for 2024. The turnover amounted to €57.5 million, down 19% compared to the first half of 2023. The gross margin reached a historic level of 56 .1%, driven by effective cost management and revenue diversification.

Despite the 41% drop in sales of Optical Transport solutions, the Access business line grew by 1%. Software & Services activities now represent 17% of turnover, with a growing share of recurring revenue.

EBITDA amounted to €8.2 million, compared to €14.3 million a year earlier, a margin of 14.3%. Operating expenses decreased by 6%, reflecting prudent cost management. Net profit stood at €1.5 million, compared to €6 million in the first half of 2023.

The company maintains its healthy financial situation with a net cash position of €22.3 million as of June 30, 2024. Ekinops will continue to invest to strengthen its offer and its customer base despite a slow economic context.