Ekinops : Q4 2023 sales lower than forecast. Cautious optimism for 2024
>Q4 2023 sales lower than forecast, still penalised by the access division - Ekinops reported yesterday after closing Q4 2023 sales of € 30.3m, down 4% and 3% at cc, namely over 10% below our forecasts (ODDO BHF € 35.2m, FactSet consensus € 33.4m). This publication reflects the same difficulties that Ekinops encountered in Q3 (-15% y-o-y). H2 2023 was therefore down 9.2%, and despite H1 showing growth of over 12%, Ekinops is ending the year virtually flat with sales ...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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