Adtran Networks SE: Adtran Networks SE updates preliminary results for the financial year 2024 (Form 8-K)

Adtran Networks SE: Adtran Networks SE updates preliminary results for the financial year 2024

Munich, Germany. April 15, 2025. The Management Board of Adtran Networks SE today reassessed the IFRS pro forma EBIT expectations for the financial year 2024. In the course of the finalization of the financial statements the Management Board identified an adjustment to inventory resulting in an increase to costs of goods sold. The Management Board now expects a loss in the amount of approximately EUR 10.2 million (-2.3% of revenues), compared to a loss of EUR 4.5 million (-1.0% of revenues) previously published in the preliminary results on February 27, 2025.

The adjustment set out above has no impact on the expected revenues for the financial year 2024 and no negative impact on the cash position.

The full consolidated financial statements and financial statements for the financial year 2024 will be published on 30 April 2025 as planned.

The financial reports published on the company website (www.adva.com) contain a definition of pro forma EBIT.