Adtran Networks SE

ADV

Equity

ISIN DE0005103006 / Valor 498244

Xetra (2024-11-20)

EUR 19.78%

Adtran Networks SE
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About company

Adtran Networks SE is a telecommunications equipment company that specializes in providing networking solutions for businesses, including routers, switches, and other networking hardware.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Revenue Decline

Adtran Networks SE reported its Q2 2024 financial results, revealing a revenue of EUR 108.2 million. This represents a 1.3% decline from Q1 2024 and a significant 36.4% decrease compared to Q2 2023. The drop in revenue highlights the challenges the company faced during this period.

Gross Profit

The company recorded a pro forma gross profit of EUR 38.2 million for Q2 2024, which is 35.3% of the total revenues. This figure marks a 3.9% decline from Q1 2024 and a 36.6% decrease from Q2 2023, indicating a consistent downward trend in profitability.

EBIT Improvement

Adtran Networks SE's pro forma EBIT for Q2 2024 was negative EUR 2.5 million. Despite being in the negative, this shows an improvement over the negative EUR 3.4 million reported in the previous quarter, suggesting some progress in managing operational expenses.

Net Loss Reduction

The net loss for Q2 2024 stood at EUR 0.8 million, a reduction from the EUR 1.2 million loss in Q1 2024. This reduction in net loss indicates that the company is making strides towards financial stability, despite the challenging market conditions.

Cash and Debt Position

Adtran Networks SE saw an increase in cash and cash equivalents to EUR 41.5 million in Q2 2024. Additionally, net debt experienced a slight reduction to EUR 33.2 million. These changes reflect the company's efforts to strengthen its financial position amidst a tough economic environment.

Summarized from source with an LLMView Source

Key figures

-0.50%1Y

55.3%3Y

160%5Y

Performance

4.15%1Y

16.7%3Y

30.4%5Y

Volatility