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Ekinops posts 2% revenue growth in Q1, warns of Covid-19 impact on FY results

Thursday 9 April 2020 | 09:36 CET | News
Optical network equipment supplier Ekinops generated first-quarter revenues of EUR 21.1 million, up 2 percent year-on-year (+1% at constant exchange rates). The annual growth rate slowed from 21 percent in the previous quarter, as operations were negatively impacted by the Covid-19 pandemic. The company said that some clients have been very prudent in their spending and are depleting existing equipment inventory. It also noted that it is difficult to quantify the economic consequences of the crisis on the coming quarters, adding that certain financial targets for the full-year may be

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Categories: Fixed
Companies: Ekinops
Countries: World
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