Report
Pierre Dinet (IDMidCaps)

Ekinops - Disappointment in 2023, transition in 2024 and expected rebound in 2025

Disappointing margins in 2023 after growth stalled in H2The start of 2024 will still not be dynamic, but the expected return to growth after the summer gives hopeThis smallcap “growth” has been hit by the halt in investment in the telecoms sector, and has been heavily punished by the market, which no longer even values the prospects of a rebound in a structurally growing sectorWe remain at BUY in view of the various catalysts: target or consolidator M&A, return to sales and margin growth, etc.
Underlying
Ekinops SA

Ekinops SA is a France-based company engaged in the provision of optical transport solutions for service providers and private networks. The Company develops optical aggregation and transportation sub-systems for metropolitan and long-distance networks. Its products include switching, routing and multi-protocol solutions; optical amplifiers, optical filters, as well as optical protection units, among others. Its system can be configured through a software download to manage the aggregation of multiprotocol services through integration of systems and functionalities, allowing systems to be used through a single protocol. Ekinops operates a network of business offices in Americas, Europe, the Middle East and Africa.

Provider
Degroof Petercam
Degroof Petercam

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Analysts
Pierre Dinet (IDMidCaps)

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