In Q2 2024, Ekinops, a leading provider of telecommunications solutions, reported consolidated revenue of €29.2 million, reflecting a 25% decrease compared to Q2 2023. This decline was anticipated and consistent across constant exchange rates. However, on a sequential basis, Q2 2024 revenue showed a slight improvement, increasing by 3% relative to Q1 2024.
For the first half of 2024, Ekinops' revenue totaled €57.5 million, down 19% from H1 2023, with the trend remaining unchanged at constant exchange rates. Despite challenges in the Optical Transport segment, which saw a significant decline, the company experienced growth in its Access solutions and a stable performance in Software & Services, particularly in its SD-WAN solution.
The downturn in Optical Transport solutions is attributed to cautious investment policies by operators with high inventory levels, a slowdown in internet traffic growth, and a wait-and-see attitude ahead of the new 800G optical solution launch. Meanwhile, Access solutions benefitted from inventory rebuilding by major customers, although not yet at normative levels.
https://www.ekinops.com/news/corporate/h1-2024-revenue-57-5-m
