Adtran Networks SE
XMUN:ADV
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Adtran Networks SE
Adtran Networks SE engages in the development, manufacture, and sale of optical and Ethernet-based networking solutions. The company is headquartered in Martinsried, Bayern and currently employs 2,014 full-time employees. Its products are based on fiber-optic transmission technology combined with Ethernet functionality and software. The firm provides products and services for service providers, government institutions, education facilities, the Internet and cloud industry and enterprise networks. Its product portfolio comprises solutions for scalable optical transport, package edge and aggregation, network synchronization, fiber assurance and automated network management. The firm also provides related technology services and network planning, expanding and maintaining services.
Adtran Networks SE engages in the development, manufacture, and sale of optical and Ethernet-based networking solutions. The company is headquartered in Martinsried, Bayern and currently employs 2,014 full-time employees. Its products are based on fiber-optic transmission technology combined with Ethernet functionality and software. The firm provides products and services for service providers, government institutions, education facilities, the Internet and cloud industry and enterprise networks. Its product portfolio comprises solutions for scalable optical transport, package edge and aggregation, network synchronization, fiber assurance and automated network management. The firm also provides related technology services and network planning, expanding and maintaining services.
Record Revenue: ADVA reported its highest-ever quarterly and full-year revenues, with Q4 2022 revenue up 24.1% year-over-year to EUR 195.7 million and full-year 2022 revenue reaching EUR 712.1 million, an 18% increase from 2021.
Profitability: Pro forma EBIT margin in Q4 rose to 12.5%, up from 9.1% a year ago, supported by higher revenues and better margins.
Supply Chain: Semiconductor shortages improved but some challenges remain, keeping inventories high into at least the first half of 2023. Component prices are not expected to decrease soon.
ADTRAN Merger: The business combination with ADTRAN was completed, creating a group with over USD 1 billion in annual revenue and expected synergies of $52 million within 24 months.
Strong Demand & Backlog: Demand stayed robust with record-level order backlog, especially from telecommunications service providers and U.S. customers.
Net Income Drop: Net income for Q4 fell to EUR 3.8 million from EUR 17.5 million, mainly due to unfavorable FX effects and absence of last year’s tax credit.
Positive Outlook: Management remains optimistic about future growth opportunities, revenue synergies, and gradual supply chain normalization towards pre-COVID levels.
