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Ekinops Q1 2024 revenue: 28.3 m€

PARIS, April 15, 2024 /PRNewswire/ -- EKINOPS (Euronext Paris - FR0011466069 – EKI), a leading supplier of telecommunications solutions for telecom operators and enterprises, has published its consolidated revenue for Q1 2024 (January 1 - March 31, 2024). €m - IFRSConsolidated data (non-audited) 2023 2024 Change Q1 revenue 31.9 28.3 -11 % In Q1 2024, Ekinops' consolidated revenue totaled 28.3 m€, down as expected compared to Q1 2023 (-11%), given a high basis for comparison (reminder: +15% quarterly growth last year). This level of quarterly revenue is in line with the Q3 and Q4 2023 trend (27.8 m€ and 30.3 m€ respectively), in an economic environment that remains slow. The quarterly performance is identical at constant exchange rates. +3% growth in Access in Q1, decline in Optical TransportAfter three consecutive quarters of decline, sales of Access solutions grew in Q1 2024, with activity up +3% vs. Q1 2023. On a sequential basis, Access sales in Q1 2024 were up +33% vs. Q4 2023. This trend was driven by a rebound in sales in France (+19% in Q1 2024) after a decline of -18% in the domestic market in 2023. Access equipment inventory levels with major operator customers are gradually easing but have not yet returned ...