ADVA Optical Networking SE : As expected, a difficult Q3 2023 due to the economic context
>Q3 sales down 18.2% y-o-y to € 147.5m, in line with our expectations - Adtran Networks SE (ex ADVA) has released its Q3 2023 results. Revenues came in at € 145.7m, in line with our expectations (-0.9% est. at 147.0m). Q3 2023 growth stood at -18.2% y-o-y and - 14.4% q-o-q, which reflects the acceleration of the decrease after a very dynamic FY 2022 on the top line (+16% y-o-y 9M 2022 and +18% y-o-y in FY 2022). Meanwhile, parent company Adtran holdings reported sale...Adva Optical Networking is a holding company. Through its subsidiaries, Co. is engaged in the development, production and marketing of optical and Ethernet-based networking solutions to telecommunications carriers and enterprises to deliver data, storage, voice and video services. Co.'s optical transmission solutions are based on Wavelength Division Multiplexing (WDM) technology. With WDM, multiple data streams are transmitted over a single optical fiber by assigning each stream to a different wavelength. Co. also provides Ethernet-optimized transmission solutions for fiber-based networks used to interconnect enterprises and mobile network base stations with carrier networks.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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