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Adva maintains outlook after strong increase in Q3 profits

Thursday 21 October 2021 | 09:05 CET | News
Adva has maintained its outlook for full-year results, after reporting third-quarter revenues up 3.5 percent year-over-year to EUR 151.8 million. Pro forma operating income jumped 17.7 percent to EUR 13.0 million, for a margin of 8.6 percent. Over the full year 2021, the company still expects revenues of EUR 580-610 million and a margin of 7-10 percent, despite ongoing shortages in the chip market.

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Categories: Fixed
Companies: Adtran / Adva
Countries: World
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