Wednesday, January 12, 2022

Ekinops posts full-year 2021 revenue of €103.6m, + 12% Y-o-Y

For 2021, Ekinops topped the €100m mark for the first time with annual consolidated revenue of €103.6m, an increase of 12% (Y-o-Y comparable basis). For Q4, Ekinops reported consolidated revenue of €28.7m in the fourth quarter, up 13% from fourth-quarter 2020.

Ekinops said positive trend was fueled by growth in all the Group’s businesses (Transport, Access and Software), and notably by powerful sales momentum in Optical Transport solutions across all geographical regions. Bolstered by the success of the Software Defined Networks (SDN) and virtualization offering, and by the contribution of two months of business from SixSq, the share of software and services continued to grow, accounting for over 14% of Group revenue in 2021 (compared with 10% in 2020). Full-year revenue generated by software and services rose by over 60%, consistent with Ekinops’ targets.

Ekinops posted dynamic growth internationally in 2021, up 18% for the full year. Business was particularly strong in North America and the EMEA region (Europe (excluding France), Middle East and Africa). International business accounted for 67% of total business in 2021 (vs 63% for full-year 2020). Business activity was practically stable in France (-0.3%). Revenue came out at €33.8m relative to strong activity in 2020 (+9%). France accounted for 33% of Group business in 2021 (vs 37% in 2020).

Didier Brédy, Chairman and CEO of Ekinops, states “Ekinops once again set new records in 2021. Having achieved our strongest-ever fourth quarter, we topped the mark of €100m in annual revenue for the very first time by posting double-digit organic growth in four consecutive quarters. All our business lines reported growth in 2021, with a special mention going to the sharp increase in Optical Transport products in North America and EMEA alike. When buying OTN technology in 2019, our objective was to triple sales of Optical Transport products in five years. We have already doubled these sales in a little over two years and we are considerably ahead of our target. A further point of satisfaction in 2021 was the strong development in software and services activities. These now account for 14% of our activity, compared with 10% in 2020, and serve to improve our profitability. For all these reasons, I am particularly optimistic that we will continue to grow our business activity substantially in 2022.”