DGAP-News: ADVA Optical Networking SE / Key word(s): Preliminary Results 
ADVA reports Q2 2021 preliminary financial results and narrows outlook for the full year 2021 
2021-07-16 / 13:46 
The issuer is solely responsible for the content of this announcement. 
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ADVA reports Q2 2021 preliminary financial results and narrows outlook for the full year 2021 
* Preliminary quarterly revenues at EUR?149.4 million 
* Preliminary pro forma operating income at EUR?14.4 million (9.7% of revenues) 
* Revised profitability outlook of between 7% to 10% of revenues published 
Munich, Germany. July 16, 2021. ADVA Optical Networking SE (ISIN: DE0005103006, FSE: ADV) today published a revised 
profitability outlook and, for this reason, the preliminary results for the second quarter of 2021. A corresponding 
ad-hoc announcement according to article 17 of the market abuse regulation was published. 
Preliminary results for Q2 2021 
- Preliminary revenues reached EUR 149.4 million, up by 3.0% compared to Q2 2020 (Q2 2020: EUR 145.0) 
- Preliminary pro forma operating income for Q2 2021 was EUR 14.4 million and increased by 42.6% compared to Q2 2020 
(Q2 2020: EUR 10.1 million) 
- Preliminary pro forma operating income margin of 9.7% increased by 2.7 percentage points compared to Q2 2020 (Q2 
2020: 7.0%) 
Despite the high level of complexity in supply chains caused primarily by the semiconductor crisis and the associated 
additional costs, ADVA was able to report a very successful preliminary 6M result for the 2021 financial year. 
Preliminary revenues for the 6M period were EUR 293.8 million (6M 2020: EUR 277.7 million) and preliminary pro forma 
operating income was 9.3% of revenues (6M 2020: 3.0%). The consistent execution of ADVA's transformation strategy, as 
well as expanded measures for strict cost control, should also have a positive effect on the pro forma operating income 
in the further course of the year. Based on the very good results for the first half of the year and the very promising 
outlook for the rest of the financial year, the Management Board considers a pro forma operating income of less than 7% 
of revenues as unlikely, hence narrowed the outlook corridor to 7% to 10% for the full year. 
Despite this positive development, the global Covid-19 pandemic and semiconductor crisis continues to pose high risks 
to ADVA's supply chain. The current bottlenecks in the semiconductor industry are increasingly presenting ADVA and 
other telecommunications equipment manufacturers with major challenges. Hence, from today's perspective the Management 
Board decided to keep the revenue outlook for the full fiscal year of between EUR 580 million and EUR 610 million. 
For the fiscal year 2021, the management expects revenues between EUR 580 and EUR 610 million and now a pro forma 
operating income margin of between 7% and 10%. 
"Today's preliminary quarterly results make me incredibly proud of the ADVA team," said Brian Protiva, CEO, ADVA. 
"After the strong first quarter, we were able to grow again in Q2 2021. The digitization efforts in many regions of the 
world are in full swing, and the expansion of communication infrastructure is advancing. The demand for our technology 
is high across our entire portfolio and our order books are filled at record levels. The global semiconductor shortage 
is still a concern, but we are managing our supply chain well. Thanks to the dedication, agility and flexibility of our 
team, ADVA is on a clear trajectory of growth with rock-solid profitability." 
"The second quarter of 2021 marked another record quarter in terms of profitability. While continuing to execute our 
business transformation strategy, we absorbed higher purchase prices of components due to the semiconductor crisis and 
reached a preliminary pro forma EBIT of 9.7%," said Uli Dopfer, CFO, ADVA. "With that strong first six months in the 
bank, I am encouraged that we will manage the current supply bottlenecks and reach a pro forma EBIT for the full year 
of between 7% and 10% of revenues." 
The company will publish its final financial results for Q2 2021 on July 22, 2021, as planned. 
Use of pro forma financial information 
ADVA provides consolidated pro forma financial results in this press release solely as supplemental financial 
information to help investors and the financial community make meaningful comparisons of ADVA's operating results from 
one financial period to another. ADVA believes that these pro forma consolidated financial results are helpful because 
they exclude non-cash charges related to the stock option programs and amortization and impairment of goodwill and 
acquisition-related intangible assets, which are not reflective of the company's operating results for the period 
presented. Additionally, expenses related to restructuring measures are not included. This pro forma information is not 
prepared in accordance with IFRS and should not be considered a substitute for the historical information presented in 
accordance with IFRS. 
 
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. 
Published by: 
ADVA Optical Networking SE, Munich, Germany 
www.adva.com 
For press: 
Gareth Spence 
t +44 1904 699 358 
public-relations@adva.com 
For investors: 
Steven Williams 
t: +49 89 890 66 59 18 
investor-relations@adva.com 
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2021-07-16 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
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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:  1219633 
 
End of News   DGAP News Service 
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1219633 2021-07-16


 
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July 16, 2021 07:46 ET (11:46 GMT)