{"id":2790,"date":"2022-02-24T11:20:30","date_gmt":"2022-02-24T10:20:30","guid":{"rendered":"http:\/\/egoraventures.com\/adva-berichtet-rekordergebnisse-fuer-geschaeftsjahr-2021\/"},"modified":"2022-02-24T11:36:44","modified_gmt":"2022-02-24T10:36:44","slug":"adva-announces-record-results-for-fiscal-year-2021","status":"publish","type":"post","link":"https:\/\/egoraventures.com\/en\/adva-announces-record-results-for-fiscal-year-2021\/","title":{"rendered":"<strong>ADVA<\/strong> announces record results for fiscal year 2021"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2790\" class=\"elementor elementor-2790 elementor-2770\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-df8882d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"df8882d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5177ea0\" data-id=\"5177ea0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6403d05 elementor-widget elementor-widget-spacer\" data-id=\"6403d05\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 13-03-2024 *\/\n.elementor-column .elementor-spacer-inner{height:var(--spacer-size)}.e-con{--container-widget-width:100%}.e-con-inner>.elementor-widget-spacer,.e-con>.elementor-widget-spacer{width:var(--container-widget-width,var(--spacer-size));--align-self:var(--container-widget-align-self,initial);--flex-shrink:0}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container,.e-con>.elementor-widget-spacer>.elementor-widget-container{height:100%;width:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer{height:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner{height:var(--container-widget-height,var(--spacer-size))}.e-con-inner>.elementor-widget-spacer.elementor-widget-empty,.e-con>.elementor-widget-spacer.elementor-widget-empty{position:relative;min-height:22px;min-width:22px}.e-con-inner>.elementor-widget-spacer.elementor-widget-empty .elementor-widget-empty-icon,.e-con>.elementor-widget-spacer.elementor-widget-empty .elementor-widget-empty-icon{position:absolute;top:0;bottom:0;left:0;right:0;margin:auto;padding:0;width:22px;height:22px}<\/style>\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a55dd18 elementor-widget elementor-widget-post-info\" data-id=\"a55dd18\" data-element_type=\"widget\" data-widget_type=\"post-info.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<link rel=\"stylesheet\" href=\"https:\/\/egoraventures.com\/wp-content\/plugins\/elementor\/assets\/css\/widget-icon-list.min.css\"><link rel=\"stylesheet\" href=\"https:\/\/egoraventures.com\/wp-content\/plugins\/elementor-pro\/assets\/css\/widget-theme-elements.min.css\">\t\t<ul class=\"elementor-inline-items elementor-icon-list-items elementor-post-info\">\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-2fff0d2 elementor-inline-item\" itemprop=\"datePublished\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-date\">\n\t\t\t\t\t\t\t\t\t\t<time>24. February 2022<\/time>\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8de88f8 elementor-widget elementor-widget-text-editor\" data-id=\"8de88f8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 13-03-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<ul><li>Annual revenues up by 6.8% to record level of EUR 603.3 million<\/li><li>Annual pro forma EBIT up by 61.5% to an all-time high of EUR 54.6 million (9.1% of revenues)<\/li><li>Outlook fiscal year 2022: Revenues EUR 650 &#8211; 700 million; Pro forma EBIT 6.0% &#8211; 10.0% of revenues<\/li><\/ul><p>ADVA (ISIN: DE0005103006, FSE: ADV), a leading provider of open networking solutions for the delivery of cloud and mobile services, reported financial results for Q4 2021 and full year 2021 ended on December 31, 2021. The results have been prepared in accordance with International Financial Reporting Standards (IFRS).<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0d67556 elementor-widget elementor-widget-image\" data-id=\"0d67556\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 13-03-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"768\" height=\"441\" src=\"https:\/\/egoraventures.com\/wp-content\/uploads\/2022\/02\/fy-financial-table-1-english-768x441.jpg\" class=\"attachment-medium_large size-medium_large wp-image-2773\" alt=\"\" srcset=\"https:\/\/egoraventures.com\/wp-content\/uploads\/2022\/02\/fy-financial-table-1-english-768x441.jpg 768w, https:\/\/egoraventures.com\/wp-content\/uploads\/2022\/02\/fy-financial-table-1-english-300x172.jpg 300w, https:\/\/egoraventures.com\/wp-content\/uploads\/2022\/02\/fy-financial-table-1-english.jpg 1024w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4b0e795 elementor-widget elementor-widget-text-editor\" data-id=\"4b0e795\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Q4 2021 IFRS financial results<\/strong><\/p><p>Revenues in Q4 2021 reached EUR 157.7 million, up by 3.9% from EUR 151.8 million in Q3 2021, also considerably up by 12.2% compared to EUR 140.6 million in Q4 2020. The increase in revenues for Q4 2021 is predominantly driven by a growth in demand from communication service providers (CSPs), particularly in the cloud access solution area.<\/p><p>Pro forma gross profit in Q4 2021 increased by 7.5%, reaching EUR 56.1 million (35.6% of revenues) compared to EUR 52.2 million (34.4% of revenues) in Q3 2021 and increased by 2.6% compared to EUR 54.6 million (38.9% of revenues) reported in Q4 2020. The reduction in gross profit in relation to revenues is mainly attributable to the semiconductor crisis, which led to increased purchasing costs.<\/p><p>Pro forma EBIT for Q4 2021 was EUR 14.4 million (9.1% of revenues) and increased by 10.4% compared to EUR 13.0 million (8.6% of revenues) reported in Q3 2021. Compared to Q4 2020, pro forma EBIT improved slightly by 0.1% from EUR 14.3 million (10.2% of revenues).<\/p><p>Operating income for Q4 2021 of EUR 11.2 million increased by 17.8% from EUR 9.5 million reported for Q3 2021 and decreased by 14.5% from EUR 13.1 million in Q4 2020. Operating income for Q4 2021 was impacted by extraordinary expenses in connection with the announced merger with ADTRAN amounting to EUR 1.6 million (Q3 2021: EUR 2.1 million).<\/p><p>Net income reached EUR 17.5 million in Q4 2021 and decreased by 5.2% from EUR 18.5 million in Q3 2021, but increased significantly by 32.2% from EUR 13.2 million in Q4 2020. This significant increase in net income compared to the year-ago quarter is mainly due to a tax benefit of EUR 5.2 million resulting from increased deferred tax assets.<\/p><p>The company\u2019s cash and cash equivalents totaled EUR 109.0 million, representing an increase of EUR 8.5 million compared to EUR 100.5 million at the end of Q3 2021. Year-over-year cash and cash equivalents significantly increased by EUR 44.1 million from EUR 64.9 million at the end of Q4 2020.<\/p><p>Net cash at the end of Q4 2021 stood at EUR 36.2 million compared to a net cash position of EUR 20.6 million at the end of Q3 2021 or a net debt position of EUR 25.5 million at the end of Q4 2020.<\/p><p>At quarter-end, net working capital totaled EUR 129.0 million and decreased by EUR 1.8 million compared to EUR 130.8 million at the end of Q3 2021 and decreased by EUR 0.9 million compared to EUR 129.9 million at the end of Q4 2020.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-53e6a7f elementor-widget elementor-widget-image\" data-id=\"53e6a7f\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"768\" height=\"378\" src=\"https:\/\/egoraventures.com\/wp-content\/uploads\/2022\/02\/fy-financial-table-2-english-768x378.jpg\" class=\"attachment-medium_large size-medium_large wp-image-2775\" alt=\"\" srcset=\"https:\/\/egoraventures.com\/wp-content\/uploads\/2022\/02\/fy-financial-table-2-english-768x378.jpg 768w, https:\/\/egoraventures.com\/wp-content\/uploads\/2022\/02\/fy-financial-table-2-english-300x148.jpg 300w, https:\/\/egoraventures.com\/wp-content\/uploads\/2022\/02\/fy-financial-table-2-english.jpg 1024w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9c9d2db elementor-widget elementor-widget-text-editor\" data-id=\"9c9d2db\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Full year 2021 IFRS financial results<\/strong><\/p><p>For the full year 2021, revenues increased by 6.8%, from EUR 565.0 million in 2020 to EUR 603.3 million. Revenues were at the upper end of the guidance corridor of between EUR 580 million and 610 million. Demand in 2021 was very strong and resulted in record level order-backlogs. ADVA grew in the mid-single-digit percentage range despite the ongoing challenges caused by the pandemic as well as global supply bottlenecks and material shortages in the semiconductor area. Demand for the full year 2021 was particularly driven by telecommunication service providers and enterprise customers, whereas growth for the full year was most significant in the optical solutions space.<\/p><p>Pro forma gross profit increased by 10.9% from EUR 199.1 million in 2020 to EUR 220.8 million in 2021. Gross profit was negatively impacted by the increased procurement costs in connection with the semiconductor crisis, especially in the second half of the year. A favorable customer and product mix, however, contributed positively to the increase in earnings. This is mainly the result of the resolute implementation of the business transformation strategy.<\/p><p>Pro forma EBIT for 2021 significantly increased by 61.5%, from 33.8 million or 6.0% of revenues in 2020 to EUR 54.6 million or 9.1% of revenues. Hence, pro forma EBIT was at the upper end of the guidance corridor of between EUR 7.0% and 10.0%. In addition to the higher gross profit, this substantial margin improvement is mainly due to strict cost control and reduced discretionary spending.<\/p><p>Operating income increased considerably by 64.9%, from EUR 27.5 million in 2020 to EUR 45.3 million in 2021. Despite extraordinary cost impacts due to the planned merger with ADTRAN, Inc., the improved cost basis in 2021 contributed substantially to the increased profitability.<\/p><p>Consequently, net income increased strongly from EUR 20.3 million in 2020 by 191.5% to EUR 59.2 million in 2021. In addition to the significantly higher operating result, this increase is due to a tax income of EUR 13.0 million in connection with the increase in deferred tax assets.<\/p><p>Basic earnings per share in 2021 amounted to EUR 1.17 compared to EUR 0.40 in 2020. Diluted earnings per share in 2021 amounted to EUR 1.15 compared to diluted earnings per share of EUR 0.40 in 2020.<\/p><blockquote class=\"quote\"><p style=\"text-align: center;\"><br \/>Profitability, liquidity and expanding our sales in new industries are top priorities<\/p><p style=\"text-align: center;\"><cite>Brian Protiva, CEO,ADVA<\/cite><\/p><\/blockquote>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5060997 elementor-widget elementor-widget-button\" data-id=\"5060997\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"\/en\/press\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon elementor-align-icon-right\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"icon icon-arrow-left\"><\/i>\t\t\t<\/span>\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Back<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5a9e404 elementor-widget elementor-widget-spacer\" data-id=\"5a9e404\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Annual revenues up by 6.8% to record level of EUR 603.3 million Annual pro forma EBIT up by 61.5% to an all-time high of EUR 54.6 million (9.1% of revenues) Outlook fiscal year 2022: Revenues EUR 650 &#8211; 700 million; Pro forma EBIT 6.0% &#8211; 10.0% of revenues ADVA (ISIN: DE0005103006, FSE: ADV), a leading [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[9],"tags":[],"_links":{"self":[{"href":"https:\/\/egoraventures.com\/en\/wp-json\/wp\/v2\/posts\/2790"}],"collection":[{"href":"https:\/\/egoraventures.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/egoraventures.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/egoraventures.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/egoraventures.com\/en\/wp-json\/wp\/v2\/comments?post=2790"}],"version-history":[{"count":8,"href":"https:\/\/egoraventures.com\/en\/wp-json\/wp\/v2\/posts\/2790\/revisions"}],"predecessor-version":[{"id":2798,"href":"https:\/\/egoraventures.com\/en\/wp-json\/wp\/v2\/posts\/2790\/revisions\/2798"}],"wp:attachment":[{"href":"https:\/\/egoraventures.com\/en\/wp-json\/wp\/v2\/media?parent=2790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/egoraventures.com\/en\/wp-json\/wp\/v2\/categories?post=2790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/egoraventures.com\/en\/wp-json\/wp\/v2\/tags?post=2790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}