Ekinops : H1 sales down 19%. A back-end loaded year expected in 2024
>Q2 2024 sales a shade below our forecasts - The environment remains tough - Yesterday evening, Ekinops published Q2 2024 sales of € 29.2m, down 25% y-o-y. This is slightly below our initial estimates (ODDO BHF € 30.4m). Regarding the sequential trend, sales for Q2 2024 are up 3% vs Q1 2024 sales. H1 2024 sales are down 19% y-o-y due to a decline in the transport division of 41% y-o-y. This is due to: 1/ an unfavourable base effect (+41% in 2023); 2/ still-existing in...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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