ADVA Optical Networking reported Q4 2014 revenue of EUR 86.7 million, in the upper half of guidance between EUR 83 million and EUR 88 million. The figure is up a significant 13.8% vs. Q4 2013 at EUR 76.2 million and slightly down 0.4% vs. Q3 2014 at EUR 87.1 million. The IFRS operating income in Q4 2014 was EUR 5.1 million, up significantly from EUR 1.9 million in Q4 2013.
“We are extremely pleased with our 2014 revenues which are at a record high of EUR 339.2 million, up a sound 9.2% compared to 2013. Q4 2014 revenues at EUR 86.7 million are in the upper half of guidance. This marks the fourth consecutive quarter with year-on-year growth. In addition, our pro forma gross margin at 36.6% in Q4 2014 improved from 35.3% in Q3 2014,” stated Ulrich Dopfer, chief financial officer of ADVA Optical Networking.
