Ekinops : H1 2020 results fall short of expectations – LT targets reiterated
>EBITDA down 20% at € 6.5m (vs € 7.8m est.) - Ekinops released its H1 results yesterday evening and they generally fell short of expectations. For sales up 1.7% (+1.2% LFL) to € 45.8m, the gross margin contracted by 1 point from 55.3% to 54.3%, although this is still close to the high end of its normative range of 50%-55%. EBITDA fell by around 20% to € 6.5m (vs € 7.8m est.), so the EBITDA margin shrank by 360bp to 14.5% (vs -90bp to 17%e). The underlying operating p...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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