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Ekinops 2024 revenue: €117.7m

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PARIS, Jan. 13, 2025 /PRNewswire/ — EKINOPS (Euronext Paris – FR0011466069 – EKI), a leading supplier of telecommunication solutions for telecom operators and enterprises, has published its consolidated revenue for the 2024 financial year, ending on December 31, 2024.

€m – IFRS
 Unaudited data

2023

2024

Change

 H1 revenue

71.0

57.5

-19 %

 H2 revenue

58.1

60.2

+4 %

 12-month revenue

129.1

117.7

-9 %

Revenue of 29.8m€ in Q4 2024, down slightly by -2%

Q4 2024 revenue stood at 29.8m€, versus 30.3m€ a year earlier, representing a small quarterly fall of -2% (identical at constant exchange rates).

In H2 2024, Ekinops posted consolidated half-year revenue of 60.2m€, up +4% from the same period a year earlier. Sequentially, H2 revenue was up +5% from H1 2024.

Ekinops’ annual consolidated revenue was 117.7m€ in 2024, down -9% year-on-year, identical at constant exchange rates.

+11% growth in Access in 2024, -30% fall in Optical Transport

FY 2024 was marked by dynamic growth of +11% in Access solutions, driven by the sharp rebound in business activity in France and several European countries (Germany and Belgium), as operators gradually rebuilt their equipment inventories.

Sales of Optical Transport solutions fell -30% year-on-year (-41% in H1, then -18% in H2). In addition to the significant base effect (+27% growth in 2023), this business line was impacted by operators’ reluctance to commit to their investment plans in a challenging market environment (slower growth in Internet traffic, post-pandemic equipment overcapacity) and adverse economic conditions (global economic slowdown, high interest rates, geopolitical situations, etc.).

However, the end of the year was marked by a slightly more sustained activity, illustrated by sequential growth of +38% between Q3 and Q4 2024, and an increase of +20% between H1 and H2 2024, with the first deliveries of the new 800G solution. Q4 was the strongest quarter in 2024 for Optical Transport, encouragingly pointing towards a rebound for this business line in 2025.

In 2024, Software & Services accounted for 18% of Group revenue, compared with 17% a year earlier, with an increasing share generated by SD-WAN solutions.

Revenue up +18% in France, down -21% internationally

Ekinops achieved a strong performance in France in 2024, marked by strong growth of +18%, mainly driven by sales of Access solutions (+30%). At end-December 2024, France accounted for 41% of the Group’s revenue (vs. 32% a year earlier).

Outside France, sales were down -21%, representing 59% of its overall activity, against 68% a year earlier.

In North America, where sales are mainly driven by Optical Transport solutions, revenue was 23.3m€, down -26% year-on-year (identical in US dollars). This region accounted for 20% of Group revenue in 2024 (vs. 25% a year earlier). In 2024, the US market was characterized by a significant wait-and-see attitude among operators, due to the economic context, a slowdown in bandwidth demand, but also the slow rollout of the BEAD (Broadband Equity, Access and Deployment) federal program expected by operators at the end of the year.

The EMEA (Europe – excluding FranceMiddle East and Africa) region, which accounted for 37% of Group revenue (vs. 41% in 2023), posted revenue of 43.8m€ in 2024, down -18% year-on-year. In addition to the unfavorable base effect (+23% in 2023), this region suffered from a particularly sharp decline in sales of Optical Transport solutions. The Group is nevertheless gradually returning to growth in the region, with sequential growth of +37% between H1 and H2 2024.

Asia-Pacific, which accounts for only 2% of Group revenue generated with just a few clients, was down -32% over the year.

Didier Brédy, Chairman and CEO of Ekinops, said:

“2024 was marked by multiple challenges for Ekinops, in a particularly complex global economic climate. Our sector contracted significantly, with our main competitors reporting between -6% and -25% year-on-year revenue declines.

After strong growth in 2023, our sales of Optical Transport solutions decreased sharply. Several factors explain this trend: massive investment by operators and businesses post-pandemic leading to overcapacity, a slowdown in Internet traffic growth, a rise in the cost of money adversely affecting the financing of investment plans, delay on large orders, etc.

On the other hand, we are very satisfied with the performance of Access in 2024, which significantly outperformed the market, achieving double-digit sales growth (+11%).

Despite this adverse economic climate, we have continued to invest to take advantage of a new wave of massive investment by operators in new applications such as the large-scale deployment of Cloud architecture, AI, which will generate huge traffic, as well as virtual and augmented reality and cybersecurity (TLS 1.3 protocols, IPv6, etc.).

At the release of our annual results in early March 2025, we will unveil a new strategic plan, to be implemented starting 2025, which will allow us to penetrate very-fast growing market segments.” 

2025 Financial calendar is available here:

All press releases are published after Euronext Paris market close.

EKINOPS Contact

Didier Brédy, Chairman and CEO
contact@ekinops.com

Investors

Mathieu Omnes, Investor relation
Tel.: +33 (0)1 53 67 36 92
momnes@actus.fr

Press

Amaury Dugast, Press relation
Tel.: +33 (0)1 53 67 36 74
adugast@actus.fr

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SOURCE Ekinops

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Trip.com Group Sincerely Accepts Administrative Penalty Decision Issued by the State Administration for Market Regulation of the People’s Republic of China

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SINGAPORE, July 25, 2026 /PRNewswire/ — Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) today announced that it has received the administrative penalty decision issued by the State Administration for Market Regulation of the People’s Republic of China.

Trip.com Group sincerely accepts the decision and will adopt rectification measures in accordance with applicable laws and regulations to implement the decision’s requirements. The Company will strengthen its long-term governance mechanisms and strive to contribute to the sustainable development of the travel industry.

Trip.com Group’s management team will host a conference call at 8:00 AM U.S. Eastern Time on July 27, 2026 (or 8:00 PM Hong Kong Time on July 27, 2026).

The conference call will be available on Webcast live at: http://investors.trip.com.

All participants must pre-register to join this conference call using the participant registration link below:
https://register-conf.media-server.com/register/BIb78e08d8f18340c4882a7e4ab961906b.

Upon registration, each participant will receive details for this conference call, including dial-in numbers and a unique access PIN. To join the conference, please dial the number provided, enter your PIN, and you will join the conference instantly.

For further information, please contact:
Investor Relations
Trip.com Group Limited
Email: iremail@trip.com

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SOURCE Trip.com Group Limited

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NAVER Partners with Brookfield and NVIDIA to Expand Korea’s National AI Factory Infrastructure Buildout

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SAN FRANCISCO, July 25, 2026 /PRNewswire/ — NAVER, Brookfield and NVIDIA announced an expansion of Korea’s sovereign AI factory infrastructure. New investments will increase the initial NVIDIA DSX™ AI factory deployment from 55 megawatts to 200 megawatts.

Announced during Korea President Jae Myung Lee’s AI Summit visit to San Francisco, the planned 200-megawatt expansion will be built with the NVIDIA DSX platform at NAVER’s GAK Sejong hyperscale data center in Sejong, South Korea. The expanded infrastructure will provide Korea- and U.S.- based AI innovators with access to production-scale AI compute for building next-generation models, agents and AI-powered services.

Under the terms of the agreements, Brookfield will fund up to $9 billion as the exclusive capital partner, NVIDIA will invest $1 billion and NAVER will fund the remaining amount to finance the $10 billion project.

This builds on NAVER’s June announcement to extend its GAK Sejong data center with NVIDIA DSX, with a long-term path to gigawatt-scale sovereign AI infrastructure serving Korea’s enterprises, industries, government organizations and global AI cloud customers. Combining Brookfield’s capital with NVIDIA’s computing platform, the investment supports NAVER’s AI factory deployment.

“NVIDIA’s strategic investment and our infrastructure supply agreement with Brookfield have propelled NAVER’s vision for the AI Factory business into a robust execution phase,” said Haejin Lee, Founder and Chairman of NAVER. “Leveraging the solid partnerships with our global partners, we will drive technological innovation, foster a sovereign AI ecosystem, and spearhead efforts to strengthen South Korea’s AI competitiveness.” 

AI Factory Expansion and Open Model Collaboration to Fuel AI Innovators

NAVER, as an NVIDIA Cloud Partner, provides deep expertise in operating hyperscale infrastructure powered by the full-stack NVIDIA AI platform. The 200-megawatt AI factory, featuring NVIDIA Vera Rubin and Blackwell platforms, will establish a dedicated resource pool for emerging AI companies, providing the compute, software and support needed to develop and deploy competitive AI models and applications at scale.

This expanded infrastructure also builds on NAVER and NVIDIA’s collaboration on open model development for agentic and physical AI. NAVER is advancing its HyperCLOVA X models to be based on NVIDIA Nemotron™ 3 Ultra open models with its proprietary data and training expertise. NAVER is also the first Korean company to join the NVIDIA Nemotron Coalition, contributing to open model development across pretraining, post-training and reinforcement learning.

NAVER plans to launch an AI agent platform in Korea in the second half of the year, powered by NVIDIA Agent Toolkit software including NVIDIA NemoClaw™ blueprints. NAVER is also developing a Seoul World Model using proprietary urban street-view and spatial modeling data, built on NVIDIA Cosmos™ world foundation models.

About NAVER

Founded in 1999, NAVER is Korea’s largest Internet company and one of the world’s top tech companies. Leading cutting-edge technologies, NAVER operates the No.1 search engine in Korea and holds various business portfolios encompassing commerce, fintech, cloud, AI and robotics.

NAVER recorded sales of KRW 12.04 trillion (USD 8.18 billion) in 2025. TEAM NAVER continues to enhance its business portfolio and expand its global presence across Japan, North America, and Europe, while pursuing innovation through continuous research and development in future technologies.

View original content:https://www.prnewswire.com/news-releases/naver-partners-with-brookfield-and-nvidia-to-expand-koreas-national-ai-factory-infrastructure-buildout-302834577.html

SOURCE NAVER

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Beijing Review: Walking Through Time: China and U.S. Youths Explore Dali’s Past and Future

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BEIJING, July 24, 2026 /PRNewswire/ — On July 17, a China-U.S. youth delegation came to Dali of Yunnan Province. By examining how Dali’s rich history intersects with modern development, the delegates explored new pathways for rural development.

They visited Dali Old Town, tried their hand at making the Bai people’s Three-Course Tea and also explored the ancient town of Xizhou, where they learned how modern tourism and indigenous life coexist.

In Yunnanyi Village, they explored its history as a stop along the Tea Horse Road and learned about the role it played during the Second World War (WWII).

Tyler James Smith

“I think it’s a very underappreciated part of World War II history. Hearing these stories of different countries working together despite cultural differences is incredibly inspiring.

I also think there are many stories like these that haven’t been widely told, simply because World War II is such a complex period in history. That’s why I think it’s so meaningful to visit museums like this and experience these stories firsthand.”

At Xiangyun Economic and Technological Development Zone, they visited a local new energy company to see how green, low-carbon development is driving regional growth.

Valerie Marie

“I recently started studying energy transitions. I know China has been really big in the renewable energy sector. So actually getting to hear more about [China’s] 2060 [pledge], learning more about carbon neutrality [goals], as well as other zero-carbon goals, was cool.”

During their stay in Dali, they also strolled along the Erhai Lake Ecological Corridor.

Bai Yiwen

“I’d describe this journey as “to be continued,” because my own connection with Yunnan is far from over. For the U.S. delegates, this was only their first visit, so they’ve only had a glimpse of what Yunnan has to offer. I hope they will have more opportunities to come back to China, explore other cities in Yunnan, and discover even more of its people, culture and traditions.”

After Dali, the delegates will visit Beijing for more tours and exchanges. The event was co-hosted by China International Communications Group (CICG) Center for the Americas and the U.S.-based International Student Conferences.

https://x.com/beijingreview/status/2080104404552663067?s=46&t=yfVMVdMyE2zKAFrYaLoV-g

https://www.facebook.com/share/v/1EtGCCKzy4/?mibextid=wwXIfr

https://www.tiktok.com/@cachinachic/video/7665536913532587294?is_from_webapp=1&sender_device=pc&web_id=7227134149436605995

https://youtu.be/jGONWTqwduc?is=KfL-Zn3HyVYE-KEm

Contact: Jiaweibellapeng@163.com

View original content:https://www.prnewswire.com/news-releases/beijing-review-walking-through-time-china-and-us-youths-explore-dalis-past-and-future-302834587.html

SOURCE Beijing Review

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