Ekinops : 2023 EBITDA in the announced range, caution for 2024
>Earnings in line with expectations, EBITDA margin of 14.4% - Ekinops reported its 2023 results yesterday evening. For sales (already reported) of € 129.1m (+1% y-o-y), the group posted 1/ a gross margin of 52.1%, lower than we expected and flat relative to last year (53%) and 2/ an EBITDA margin of 14.4%, in line with our expectations (14.0%) and within the 13-17% range announced by the company. However, the EBITDA margin was down 330bp relative to the previous year....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.
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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