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General

Adva revenues rise 9% in Q1 to EUR 144.5 mln

Thursday 22 April 2021 | 14:20 CET | News
Adva said revenues for the first quarter grew 8.9 percent year-on-year to EUR 144.5 million, within its guidance corridor of EUR 143-148 million. The company attributed the increase to high order volumes from network operators as well as private companies and governments. The pro forma gross profit increased by 1.3 percent to EUR 55.3 million in in Q4 2020 and increased significantly, by 30.9 percent, against the 42.3 million reported the year before. Orders for network synchronisation technology again developed positively. The customer mix also contributed positively to the margin increase.

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Categories: General
Companies: Adva
Countries: World
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