EQS-News: aconnic AG publishes half-year report 2024

31.10.24 22:08 Uhr

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EQS-News: aconnic AG / Key word(s): Half Year Report/Miscellaneous
aconnic AG publishes half-year report 2024

31.10.2024 / 22:08 CET/CEST
The issuer is solely responsible for the content of this announcement.


aconnic AG (ISIN: DE000A0LBKW6), Munich, publishes the report for the first half of 2024, as announced when the financial figures were published on September 30, 2024.

As previously reported, following strong growth in sales and earnings in 2023, sales decreased by 8% in the first half of 2024, but is still on track for long-term growth with a substantially positive operating cash flow.

Slow project implementation due to customer delays slowed deliveries and installations for projects by up to nine months. This development reflects the overall economic slowdown in the company’s key markets, with negative economic growth in some cases.

With a focus on long-term development, the company has continued to invest in new products and services and is launching a new 100 Gigabit product family, a new software-defined 10 Gigabit system and a new generation of the network management system in 2024.

With the current high order backlog and the highest project status for new customer projects, we expect a continuation of long-term sales growth and increasing earnings again in 2025.

Despite the current challenges, which are demanding in terms of planning forecasts, cost management and working capital management, we expect to achieve our growth and earnings targets in view of the long-term opportunities and possibilities.

Further information and business figures can be found in the aconnic half-year report 2024. They are available on the website at www.aconnic.com.

 
About aconnic AG

aconnic AG is an international technology supplier and network equipment provider based in Munich. aconnic AG enables the construction and operation of high-performance gigabit networks with key focus on network security, energy efficiency and sustainability as well as technologies and products for customers to achieve climate neutrality through carbon capturing and bioenergy. Systems with hard-, software and services are used by customers such as Deutsche Telekom, Orange, Telecom Italia, Swisscom, A1 Telekom Austria, and América Móvil. aconnic AG is the only international system supplier for critical communication infrastructure with European research, development, production and supply chain, as well as its headquarters in Germany, contributing to the strategic and technological autonomy of Europe. aconnic AG has been listed on the German stock exchange since 2006 and generated a revenue of ca. 73 mn EUR in 2023, with a growth of around 45 %.

 

Contact

aconnic AG
D-80992 Munich, Riesstrasse 16
Sebastian Schubert, Investor Relations
Phone: +49 89 3 8998 7770
Email: investor@aconnic.com


 


31.10.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: aconnic AG
Riesstrasse 16
80992 Munich
Germany
Phone: +49 89 3 8998 7770
E-mail: investor@aconnic.com
Internet: www.aconnic.com
ISIN: DE000A0LBKW6
WKN: A0LBKW
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Munich, Stuttgart, Tradegate Exchange
EQS News ID: 2020473

 
End of News EQS News Service

2020473  31.10.2024 CET/CEST

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