PARIS, Jan. 9, 2020 /PRNewswire/ -- EKINOPS
(Euronext Paris - FR0011466069 – EKI), a leading supplier of
telecommunications solutions for telecom operators, has posted its
revenue for FY 2019 ending December 31,
2019 and announced its financial reporting calendar for
2020.
|
€m - IFRS -
unaudited
|
2018
|
2019
|
Change
|
|
9-month
revenue
|
63.0
|
67.9
|
+7.7%
|
|
Q4
revenue
|
21.2
|
25.6
|
+20.7%
|
|
FY
revenue
|
84.2
|
93.5
|
+11.0%
|
In Q4 2019, Ekinops posted €25.6m in consolidated revenue with
organic growth of 20.7% versus Q4 2018 (up 18.6% at constant
exchange rates).
The last quarter was characterized by a sharp upswing in organic
growth (vs. 7.7% over nine months) as Ekinops reached a new record
in quarterly business.
Full-year revenue rose to €93.5m following sustained
year-on-year growth of 11.0% (9.7% at constant exchange rates),
including 15.0% growth (13.3% at constant exchange rates) in H2
2019.
Strong demand across all Ekinops product lines
This growth largely came from strong demand for optical
transport products, with the proven success of the 200G range and
an enthusiastic market reception for the new 400G equipment
launched last year. The success of these products helped boost
growth to over 50% in the USA
driven by four new key accounts in the region, three of whom
exceeded $1m revenue in 2019.
Meanwhile, the Group made new strategic progress in
virtualization, with several leading service providers adopting
Ekinops products: OneOS6, its VNFs (Virtual Network Functions) and
OVP (Open Virtualization Platform). In November, the
Group's strategy in this field enjoyed a major recognition winning
the Technology Solutions of the Year prize for NFV in the
virtualization category at the MEF19 awards ceremony. This
prestigious award attests to Ekinops' leading position in customer
premises equipment (CPE) virtualization.
The initial results of 1G and 10G access routers in 2019 were
also promising. With these products, Ekinops can offer applications
with greater added value and, in this way, make inroads into new
market segments.
Lastly, sales of software products—which still account for less
than 10% of total revenue—practically doubled in 2019.
56.4% growth in USA in 2019
The robust growth in 2019—particularly the sharp upswing at the
end of the year—is the fruit of vigorous business in all regions
worldwide.
Ekinops posted strong year-on-year growth of 28.5% on the
international market. In particular, North America generated €15.7m in revenue in
2019, up from €10.1m the previous year—a 56.4% hike. As expected,
this region posted the highest growth rate in 2019.
In 2019, the international share of Group revenue rose to 67%
from 58% in 2018: 38% for EMEA (Europe excluding France, Middle
East and Africa) vs. 37% in
2018; 17% for the USA (vs. 12% in
2018); 12% for APAC (Asia Pacific) vs. 9% in 2018.
France generated 33% of revenue in
2019 (vs. 42% in 2018).
Outlook
Ekinops continues to invest in software development and
equipment with high added value, as illustrated with its
acquisition of OTN technology at the start of the summer, which
should allow it to triple sales of optical transport products by
2024.
Sales of software solutions will continue to grow over the next
few years resulting in gradual changes in the product mix that will
boost the Group's long-term profitability.
Over the coming months, the Group plans to focus on high
value-added applications such as SD-WAN (Software-Defined Wide Area
Network), white boxes, OneOS6, its VNFs, services, 1G/10G routers,
and OTN.
Buoyed by these many developments and its strategy to compete
for higher-value applications, the Group has underlined its
long-term goal of double-digit organic growth and EBITDA margins
each financial year.
Financial reporting calendar
|
Date
|
Release
|
|
Wednesday,
February 26, 2020
|
FY 2019 results
(currently being audited)
|
|
Wednesday, April
8, 2020
|
Q1 2020 revenue
(unaudited)
|
|
Thursday, May 28,
2020
|
General
Meeting
|
|
Thursday, July 9,
2020
|
Q2 2020 revenue
(unaudited)
|
|
Tuesday, July 28,
2020
|
H1 2020 results
(currently being audited)
|
|
Monday, October
12, 2020
|
Q3 2020 revenue
(unaudited)
|
|
Tuesday, January
12, 2021
|
FY 2020 revenue
(unaudited)
|
All press releases are published after Euronext Paris market
close.
For more information, visit www.ekinops.com
EKINOPS contact
Didier
Brédy
Chairman and CEO
contact@ekinops.com
Investors
Mathieu Omnes
Investor relation
Tel.: +33-(0)1-53-67-36-92
momnes@actus.fr
Press
Nicolas Bouchez
Press relation
Tel.: +33-(0)1-53-67-36-74
nbouchez@actus.fr
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SOURCE Ekinops
