Tuesday, November 7, 2006

ADVA's Q3 2006 revenues up 58% YoY

ADVA Optical Networking reported Q3 2006 revenues totaled EUR 53.1 million, up 58% when compared to EUR 33.7 million in Q3 2005 and up 29% when compared to EUR 41.2 million in Q2 2006, respectively. The figures include the operations of recently acquired Movaz Networks.

For Q3 2006, ADVA Optical Networking reported an actual net loss of EUR 4.3 million.

"With Q3 2006, ADVA Optical Networking concluded eleven consecutive quarters of growth in revenues since Q1 2004, reflecting the strong and sustainable underlying market growth and our excellence in steadily growing our business," Andreas G. Rutsch, ADVA Optical Networking's chief financial officer.

Currently ADVA Optical Networking expects its market for optical WDM and Ethernet access solutions for metro networks to grow by 20% to 25% per year in both 2006 and 2007, based on the expectation of ongoing strong demand for metro infrastructure deployments and enterprise solutions. Given the consolidation of Movaz from July 12, 2006, onwards, ADVA Optical Networking expects to achieve full year 2006 revenues between EUR 193 million and EUR 198 million and revenues ranging between EUR 62 million and EUR 67 million in Q4 2006.


See also