07.08.2023 Adtran Networks SE  DE0005103006

EQS-Adhoc: Adtran Networks SE: Adtran Networks SE updates guidance for the financial year 2023


EQS-Ad-hoc: Adtran Networks SE / Key word(s): Profit Warning
Adtran Networks SE: Adtran Networks SE updates guidance for the financial year 2023

07-Aug-2023 / 00:45 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Ad-hoc notification pursuant to Article 17 of the Market-Abuse-Regulation (EU) No. 596/2024


Adtran Networks SE: Adtran Networks SE updates guidance for the financial year 2023



Munich, Germany. August 7, 2023. The Management Board of Adtran Networks SE today reassessed the revenue and pro forma operating income expectations for the financial year 2023 and adjusted its expectations.


Revenues in Q2 2023 reached EUR 170.2 million, up 2.3% from EUR 166.3 million in Q2 2022. The pro forma operating income increased compared to the prior-year quarter to EUR 12.1 million (Q2 2022:
EUR 6.4 million). Hence, in Q2 2023, the pro forma profit operating income was 7.1% in relation to revenues (Q2 2022: 3.9%).


In its published guidance for the financial year 2023, the Management Board had previously expected year-on-year revenue growth in the high single-digit to low double-digit percentage range and a further increase in pro forma operating income compared to the financial year 2022. Even though the results in the second quarter are still in line with the published guidance, on the basis of today’s review, management expects that the company will not be able to meet the guidance for the financial year. Since lead times for components have substantially reduced, many customers are currently focusing on optimizing their inventory which impacts order bookings. Furthermore, customer spending is impacted by high inflation and rising interest rates. Management now expects for the business year 2023 revenue to decline in the high single digit to low teens percentage range compared to the business year 2022 (2022: EUR 712.1 million) and pro forma EBIT margin to be in the low single digit percentage range.


The full business results for Q2 2023 will be published on August 8, 2023, as planned.


The glossary of the financial reports published on the company website (www.adva.com) contains a definition of proforma operating income.











To the extent any announcements in this document contain forward-looking statements, such statements do not represent facts and are characterized by the words “will”, “expect”, “believe”, “estimate”, “intend”, “aim”, “assume” or similar expressions. Such statements express the intentions, opinions or current expectations and assumptions of Adtran and the persons acting jointly with Adtran. Such forward-looking statements are based on current plans, estimates and forecasts, which Adtran and the persons acting jointly with Adtran have made to the best of their knowledge, but which they do not claim to be correct in the future. Forward-looking statements are subject to risks and uncertainties that are difficult to predict and usually cannot be influenced by Adtran or the persons acting jointly with Adtran. These expectations and forward-looking statements can turn out to be incorrect and the actual events or consequences may differ materially from those contained in or expressed by such forward-looking statements.





Published by

ADVA Optical Networking SE, Munich, Germany



Notifying person and contact for investors

Steven Williams

t +49 89 890 66 59 18

[email protected]  


Contact for press

Gareth Spence

t +44 1904 69 93 58

[email protected]


End of Inside Information

07-Aug-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

Language: English
Company: Adtran Networks SE
Märzenquelle 1-3
98617 Meiningen-Dreissigacker
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: 1696847

End of Announcement EQS News Service

1696847  07-Aug-2023 CET/CEST


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 514,47 501,98 556,82 564,96 603,32 712,11 613,67
EBITDA1,2 51,27 64,36 74,19 92,53 115,70 21,86 82,09
EBITDA-Marge3 9,97 12,82 13,32 16,38 19,18 3,07
EBIT1,4 4,40 14,99 12,00 27,47 45,30 18,11 13,30
EBIT-Marge5 0,86 2,99 2,16 4,86 7,51 2,54 2,17
Jahresüberschuss1 -0,19 7,05 7,05 20,31 59,22 18,13 -14,51
Netto-Marge6 -0,04 1,40 1,27 3,59 9,82 2,55 -2,36
Cashflow1,7 27,13 60,36 66,89 97,14 123,25 14,84 37,61
Ergebnis je Aktie8 -0,09 0,19 0,14 0,40 1,15 0,35 -0,28
Dividende8 0,00 0,00 0,00 0,00 0,00 0,52 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - Kostenfrei herunterladen.  
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

Adtran Networks
WKN Kurs in € Einschätzung Börsenwert in Mio. €
510300 19,800 Halten 1.030,68
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
41,25 20,20 2,05 68,51
2,73 27,41 1,68 13,07
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
0,52 0,52 2,63 28.06.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
07.05.2024 06.08.2024 18.04.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-0,79% -1,00% -1,00% 0,92%
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Telekomausrüster , 510300 , ADV , XETR:ADV