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ADVA Optical Networking SE (ADAG.DE)

ADAG.DE on Xetra

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Latest Key Developments (Source: Significant Developments)

Adva Optical posts Q3 operating loss of 11.5 mln eur
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Adva Optical Networking SE :Q3 operating loss -11.5 million eur versus 7.2 million eur profit year ago.Q3 2017 revenues of eur 111.2 million, down 22.9% from Q2 2017​.Says ‍Q3 2017 pro forma operating income: eur -0.8 million (-0.7% of revenues)​.Says ‍Q4 2017 outlook: revenues eur 115-130 million; pro forma operating income 0%-5% of revenues​.Says ‍Q3 was one of most challenging quarters in company's history​.  Full Article

Adva Optical Networking to buy MRV Communications for about $69 mln
Monday, 3 Jul 2017 

July 2 (Reuters) - Adva Optical Networking Se :Adva Optical Networking to acquire MRV Communications, Inc..Adva Optical Networking - wholly owned subsidiary of Adva NA Holdings shall submit cash offer to MRV Communications shareholders of $10 per share.Aggregate purchase price amounts to approximately $69 million.Purchase price will mainly be financed by proceeds of bank financing.  Full Article

ADVA Optical Networking sees Q3 revenues at 150-160 mln eur
Thursday, 21 Jul 2016 

ADVA Optical Networking SE : Posts record quarter of 157.2 million euros revenues in Q2 2016 . Revenues of 157.2 million euros drive 40.1 pct year-on-year growth . Q3 2016 outlook: revenues eur 150 - 160 million; pro forma operating income 3 pct - 6 pct of revenues . Pro forma operating income: eur 4.2 million (2.7% of revenues) .Q2 net income 9.806 million eur.  Full Article

ADVA Optical Networking gives Q2 2016 outlook with revenue outlook below analysts' estimates
Thursday, 21 Apr 2016 

ADVA Optical Networking SE:In Q2 2016 expects revenues to range between 145 million and 155 million euros and anticipates a pro forma operating income of between 1 pct and 4 pct of revenues.Q2 revenue estimate 130 mln euros - Thomson Reuters I/B/E/S.  Full Article

BRIEF-Adva Optical posts Q3 operating loss of 11.5 mln eur

* Q3 operating loss -11.5 million eur versus 7.2 million eur profit year ago