Ekinops reported consolidated revenue of €31.9 million, up +15 and in line with annual guidance of more than +12% revenue growth on a full-year basis. At constant exchange rates, growth for the quarter ended at +14%.
Key points:
- Growth in all business lines, with +32% for Optical Transport, which was boosted by the continued success of WDM systems
- Access solutions reported quarterly growth of +2%. It should be noted that growth in France remained brisk, in the double digits.
- The share of Software & Services represented 14% of quarterly revenue, versus 15% in FY 2022, considering a particularly high basis for comparison (up +64% in Q1 2022).
- Record sales growth in North America: +86%, representing 30% of revenue. For the first time, on a quarterly basis, this region represented 30% of Group sales. The company cited significant deliveries to an important US service provider that covers 16 states.
- This past quarter was characterized by similar growth in France and international business, amounting to +15%.
- The share of international activity accounted for 67% of revenue in Q1 2023, compared to 64% for FY 2022.
- EMEA (Europe, excluding France, the Middle-East and Africa), which represents 34% of the Group’s activity, posted a decline of -7% in its quarterly sales. Considering the basis for comparison (up +21% in Q1 2022), this trend is not indicative of the growth levels expected for the region on a full-year basis.
- Asia-Pacific reported a -40% decline which is also immaterial since it follows a +113% increase in sales over Q1 2022. Asia-Pacific accounted for 3% of the quarter’s business volumes.