Wednesday, January 13, 2021

Ekinops reports stable revenue trend

Ekinops reported Q4 2020 revenue  €25.3 million, representing a limited decline of 1.0% (compared to €25.6 million in Q4 2019, up 20.7%), and at upper end of the target range. At constant exchange rates, the Group returned to growth in Q4 2020 with a 2% increase in revenue.

Ekinops said business activity remaining solid overall at the end of the year despite the tougher health situation.

Didier Br├ędy, Chairman & CEO of Ekinops, made the following comments:

"By achieving stable revenue overall in 2020, Ekinops has achieved an excellent relative performance with respect to its market, once again reflecting the quality of the Group's team.

"Despite a disrupted market environment, in 2020 we recorded major commercial successes with our new offerings, especially in virtualization, SD-WAN and OTN networks. These solutions, along with the first commercial developments of 5G products from 2021, will help amplify growth momentum as the effects of the health crisis subside."