Next show in
 d  h  m

Created August 7, 2017

Adva Optical Networking has announced financial results for its second quarter of 2017, which ended on June 30, 2017. Quarterly revenues increased to €144.2 million from €141.8 in Q1 2017. This marks a decrease of 8.3% year-on-year (Q2 2016: €157.2 million) and is within in the guidance announced in April, 2017.

Pro forma operating income in Q2 2017 stood at €9.2 million or 6.4% of revenues, up from €6.6 million or 4.7% of revenues in Q1 2017. This number represents a €5.0 million YoY increase (Q2 2016: € 4.2 million) and is also within previously announced guidance. Operating income amounted to €8.1 million (Q2 2016: €3.1 million). Cash and cash equivalents totaled € 80.8 million. Net liquidity reached €30.8 million and net working capital €100.3 million.

Read more