DGAP-Ad-hoc: ADVA Optical Networking SE / Key word(s): Preliminary Results
ADVA Optical Networking SE publishes preliminary results for Q4 2020 and
fiscal year 2020
07-Jan-2021 / 23:01 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Ad-hoc-notification according to article 17 of the market abuse regulation
*ADVA Optical Networking SE publishes preliminary results for Q4 2020 and
fiscal year 2020*
*Munich, Germany, January 7, 2021.* In preparation of the annual report 2020
of ADVA Optical Networking SE (ISIN: DE0005103006 - FSE: ADV), the
preliminary figures of the fourth quarter and the financial year 2020
deviate significantly from both the previous year's figures and the
available financial analyst estimates.
For this reason, ADVA Optical Networking SE publishes the following
preliminary financial results for the fourth quarter of 2020 and the fiscal
year 2020.
*Preliminary results for Q4 2020*
*- *Preliminary revenues were EUR 140.6 million and down by 7.0% from the
year-ago quarter (Q4 2019: EUR 151.1 million)
- The preliminary pro forma operating income of EUR 14.4 million was up by
39.1% compared to Q4 2019 (Q4 2019: EUR 10.3 million)
- The preliminary pro forma operating income margin of 10.2% increased by
3.4 percentage points compared to the year-ago quarter (Q4 2019: 6.8%)
*Preliminary results for the fiscal year 2020*
*- *Preliminary revenues were EUR 565.0 million up by 1.5% compared to the
previous year (2019: EUR 556.8 million)
- The preliminary pro forma operating income of EUR 33.8 million was up by
36.4% compared to the previous year (2019: EUR 24.8 million)
- The preliminary pro forma operating income margin of 6.0% increased by 1.5
percentage points compared to the previous year (2019: 4.5%)
Any potential differences in the above figures are due to rounding.
As a result of this of this development, revenues were at the lower end of
the guidance corridor of EUR 565 to 580 million and the pro forma operating
income margin at the top of the guidance corridor of 5% to 6%.
The main drivers for the deviations in revenues and profitability from the
analysts' expectations are the high US dollar depreciation compared to the
euro as well as Covid-19-related revenue shifts.
For the fiscal year 2021, the management expects revenues between EUR 580
and EUR 610 million and a pro forma operating income margin between 6% and
9%.
The information is based on preliminary and unaudited Group figures. The
company will publish its final financial results for Q4 and the full fiscal
year 2020 on February 25, 2021, as planned.
*About ADVA*
ADVA is a company founded on innovation and focused on helping our customers
succeed. Our technology forms the building blocks of a shared digital future
and empowers networks across the globe. We're continually developing
breakthrough hardware and software that leads the networking industry and
creates new business opportunities. It's these open connectivity solutions
that enable our customers to deliver the cloud and mobile services that are
vital to today's society and for imagining new tomorrows. Together, we're
building a truly connected and sustainable future. For more information on
how we can help you, please visit us at www.adva.com [1].
*Published by:*
ADVA Optical Networking SE, Munich, Germany
www.adva.com [1]
*Notifying person and contact for investors:*
Stephan Rettenberger
Senior Vice President, Marketing and Investor Relations
t +49 89 890 665 854
investor-relations@adva.com
*Contact for press:*
Gareth Spence
t +44 1904 699 358
public-relations@adva.com
07-Jan-2021 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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: IRelation@advaoptical.com
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: 1159247
End of Announcement DGAP News Service
1159247 07-Jan-2021 CET/CEST
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=dab4d8cb8d412aa49d48e8ebb980c2b7&application_id=1159247&site_id=vwd&application_name=news
(END) Dow Jones Newswires
January 07, 2021 17:01 ET (22:01 GMT)