Ekinops : A solid start to the year, confirming the double-digit growth target for 2021
>Q1 sales see a solid 10% increase to € 23.2m (vs € 22m est.) - Yesterday evening, Ekinops reported strong sales growth of 10% at € 23.3m, ahead of our forecast of € 22m est. (+4%e). Excluding the negative forex effect over the quarter, the group posted an organic decline of 12%. The start of the year therefore marks a clear trend reversal after a 2020 impacted by the crisis (flat organic) and a return to double-digit growth targeted by the group in the long term.§rc...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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