France's Ekinops FY 2025 revenue misses estimates

Overview

• France-based optical transport supplier's FY 2025 revenue fell 11%, missing analyst expectations

• Software & Services segment grew 27% in 2025, now 25% of total revenue

Outlook

• Ekinops expects gradual market recovery driven by new AI and Cloud applications

• Company plans ambitious investments in 2026 to support Bridge strategic plan

• Ekinops to announce FY 2026 financial targets with 2025 annual results

Result Drivers

• ACCESS SALES DECLINE - Access equipment sales fell 15%, largely due to a 30% drop in purchases by the largest French customer

• OPTICAL TRANSPORT DECLINE - Optical Transport sales dropped 12%, affected by reduced investments in North America

• SOFTWARE & SERVICES GROWTH - Software & Services revenue grew 27%, driven by increased service offerings and Olfeo's contribution

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the communications & networking peer group is "buy"

• Wall Street's median 12-month price target for Ekinops SA is €4.00, about 88.7% above its January 13 closing price of €2.12

• The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nPn6czKJha

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