Eröffnung: | - |
Veränderung: | - |
Volumen: | - |
Tief: | - |
Hoch: | - |
Hoch - Tief: | - |
Typ: | Aktien |
Ticker: | ADV |
ISIN: | DE0005103006 |
DGAP-News: ADVA Optical Networking SE: ADVA posts quarterly revenues of EUR 128.2 million for Q1 2019
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DGAP-News: ADVA Optical Networking SE / Key word(s): Quarterly / Interim Statement/Quarter Results * Quarterly revenues up 6.3% year-over-year to EUR 128.2 million
*Potential differences due to rounding
Pro forma operating income for Q1 2019 was EUR 2.7 million (2.1% of revenues), compared to EUR 8.1 million (6.2% of revenues) in Q4 2018 and a pro forma operating income of EUR 2.2 million in the same year-ago period. Pro forma operating income for Q1 2019 was at the mid-point of the company's guidance range of between 0% and 4% of revenues. Operating income for Q1 2019 decreased to EUR 0.9 million, compared to EUR 6.3 million reported for Q4 2018, and improved from the operating loss of EUR 0.4 million in the same year-ago quarter. Net income for Q1 2019 was EUR 1.0 million, down from EUR 3.6 million in Q4 2018 and significantly improved in comparison to a net loss of EUR 2.4 million in Q1 2018. At quarter-end, the company's cash and cash equivalents totaled EUR 49.3 million, representing a decrease of 21.3% compared to EUR 62.7 million at the end of Q4 2018. The company's net debt increased by EUR 46.9 million to EUR 73.7 million from EUR 26.8 million at the end of the prior quarter. This is in particular due to the recognition of lease liabilities of EUR 36.8 million due to the first-time adoption of the IFRS 16 accounting standard. Net working capital at quarter-end was EUR 132.0 million compared to EUR 120.5 million at the end of Q4 2018. "The new fiscal year started well. Both revenues and profitability developed according to plan," said Uli Dopfer, CFO, ADVA. "From March 18, 2019, we are a member of the SDAX index, which had been redefined in September 2018. This positive development shows that not only our customers are loyal to ADVA, but also the confidence of investors in our company and our technologies has returned." "We continue to invest aggressively in innovation leadership, and our portfolio is very well aligned to current and emerging market trends," commented Brian Protiva, CEO, ADVA. "All three of our core technological competencies provide good revenue contributions. Geographically, we grew year over year again in the EMEA and Americas regions. We are winning tenders and new customers in our core markets." 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 Q2 2019 and beyond, which are excluded from the above guidance. The company will publish its financial results for Q2 2019 on July 25, 2019.
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 is available on ADVA's website: The complete quarterly statement 3M 2019 (January - March) is available as a PDF here: https://www.advaoptical.com/en/about-us/investors/financial-results/financial-statements A replay of the call will be available here:
For press: For investors:
18.04.2019 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: | [email protected] |
Internet: | www.advaoptical.com |
ISIN: | DE0005103006 |
WKN: | 510300 |
Indices: | SDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 801463 |
End of News | DGAP News Service |
|
801463 18.04.2019
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