17.01.2023 Adtran Holdings, Inc.  US00486H1059

EQS-News: Adtran Holdings, Inc.: Domination and profit and loss transfer agreement between ADVA Optical Networking SE and ADTRAN Holdings, Inc., has been registered in the commercial register


 

EQS-News: Adtran Holdings, Inc. / Key word(s): Miscellaneous
Adtran Holdings, Inc.: Domination and profit and loss transfer agreement between ADVA Optical Networking SE and ADTRAN Holdings, Inc., has been registered in the commercial register

17.01.2023 / 23:30 CET/CEST
The issuer is solely responsible for the content of this announcement.


Domination and profit and loss transfer agreement between ADVA Optical Networking SE and ADTRAN Holdings, Inc., has been registered in the commercial register

HUNTSVILLE, Ala. - (January 17, 2023) — The domination and profit and loss transfer agreement (the “DPLTA”) between ADVA Optical Networking SE (“ADVA”) as dependent company and ADTRAN Holdings, Inc. (NASDAQ: ADTN and FSE: QH9) (“ADTRAN Holdings”) as dominating company that was executed on December 1, 2022 and has been registered in the commercial register of the local court of Jena on January 16, 2023 and has thus become effective. The extraordinary general meeting of ADVA had granted approval to the conclusion of the DPLTA on November 30, 2022. The effectiveness of the DPLTA enables ADTRAN Holdings to further integrate ADVA under German law, including the ability to issue binding operational instructions to the management board of ADVA.

The Company’s Chairman and Chief Executive Officer Tom Stanton stated, “I am excited to share that the DPLTA has been registered. This was the final administrative step in operating as one combined company. I would like to take the opportunity to thank all of our employees for the continued support.”

Further details of the cash compensation offered to outside ADVA shareholders per ADVA share in connection with the DPLTA will be published shortly by ADTRAN Holdings in the German Federal Gazette (Bundesanzeiger).

###

About ADTRAN Holdings, Inc.

ADTRAN Holdings, Inc. is the parent company of ADTRAN, Inc., a wholly owned subsidiary and a leading global provider of open, disaggregated networking and communications solutions. ADTRAN Holdings is also the largest shareholder of ADVA, a European headquartered network innovator that empowers operators to deliver the cloud and mobile services that are vital to today’s society.

 

Cautionary Note Regarding Forward-Looking Statements

Certain statements, including those regarding the integration of ADTRAN Holdings and the Settlement Offer, contained in this press release regarding matters that are not historical facts are forward-looking statements (as defined in the Private Securities Litigation Reform Act of 1995). They are generally identified by the use of words such as “believe,” “expect,” “intend,” “estimate,” “anticipate,” “will,” “may,” “could” and similar expressions, which forward-looking statements reflect management’s best judgment based on factors currently known. However, these statements involve risks and uncertainties, including the risks discussed throughout ADTRAN Holdings’ periodic filings with the U.S. Securities and Exchange Commission available at www.sec.gov. These risks and uncertainties could cause actual results to differ materially from those in the forward-looking statements included in this filing.

 

Investor Services/Assistance:

Rhonda Lambert/256-963-7450

[email protected]



17.01.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Adtran Holdings, Inc.
901 Explorer Boulevard
35806 Huntsville
United States
Internet: www.adtran.com
ISIN: US00486H1059
WKN: 892015
Indices: MDAX, TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Munich, Stuttgart; Nasdaq
EQS News ID: 1537365

 
End of News EQS News Service

1537365  17.01.2023 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 556,66 462,36 406,45 356,57 440,45 858,64 882,75
EBITDA1,2 44,30 -25,80 -19,81 5,58 1,22 -4,94 -98,13
EBITDA-Marge3 7,96 -5,58 -4,87 1,56 0,28 -0,58
EBIT1,4 31,21 -39,68 -35,68 -7,95 -12,98 -68,21 -200,46
EBIT-Marge5 5,61 -8,58 -8,78 -2,23 -2,95 -7,94 -22,71
Jahresüberschuss1 19,90 -16,98 -47,31 1,94 -7,62 -8,32 -234,94
Netto-Marge6 3,57 -3,67 -11,64 0,54 -1,73 -0,97 -26,62
Cashflow1,7 -35,37 48,44 -2,21 -13,45 2,67 -41,42 -47,95
Ergebnis je Aktie8 0,49 -0,40 -0,99 0,04 -0,16 -0,03 -3,09
Dividende8 0,26 0,31 0,35 0,35 0,35 0,33 0,34
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1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PricewaterhouseCoopers

INVESTOR-INFORMATIONEN
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Adtran Holdings
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A3C7M6 4,893 387,11
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
12,23 34,38 0,36 -15,99
KBV KCV KUV EV/EBITDA
0,72 - 0,44 -4,94
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,33 0,00 0,00 10.05.2023
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
09.08.2024 15.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-17,18% -29,12% -27,92% -65,78%
    
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