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Adva revenues down 4% in Q4, profits improve after cost cutting

Thursday 25 February 2021 | 13:49 CET | News
Adva Optical Networking reported revenues for Q4 2020 down by 4.2 percent to EUR 140.6 million. The decrease was primarily due to the devaluation of the US dollar compared to the euro. In addition, due to lockdown tightening again, some orders had to be postponed to the following quarter, Adva said. For the full year 2020, revenues increased by 1.5 percent to EUR 565.0 million.

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Categories: Fixed
Companies: Adva
Countries: World
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