EKINOPS: +36% growth in the 3rd quarter of 2022 +28% at the end of the first nine months of the 2022 financial year – New increase in the annual growth objective – 10/11/2022 at 6:00 p.m.

PARIS, October 11, 2022 – 6:00 p.m. – EKINOPS (Euronext Paris – FR0011466069 – EKI)

a leading provider of telecommunications solutions dedicated to telecommunications operators and enterprises, publishes its turnover for the 3

^th

quarter of fiscal 2022 (1

^er

July – September 30, 2022).

The SixSq company has been consolidated since 1

^er

November 2021

Acceleration of growth in 3

^th

quarter 2022: +36% of which +29% organic

At 3

^th

quarter of its 2022 financial year, Ekinops recorded consolidated revenue of €32.8 million, up dynamically by +36% compared to the 3

^th

quarter of 2021. At constant exchange rates and scope, revenue shows organic growth of +29%, marking a further acceleration and a clear advance on the annual objective of +15% set at the end of July.

At the end of the first nine months of the 2022 financial year, the group’s consolidated turnover amounts to €96.1 million, compared to €74.9 million compared to last year, an increase of +28% (+23% at constant exchange rates and scope).

Sustained growth in all business lines as well as Software & Services

Growth in all of the Group’s business lines is very strong. It is particularly worth noting the acceleration in the growth of sales of Access solutions (particularly in France), which are now up by +26% over nine months, against +21% at the end of the half-year.

The first nine months of the financial year were also characterized by excellent momentum in the Optical Transport activity which, in the wake of 2021, is up +32% compared to the same period one year. earlier (+31% on 1

^er

semester), thanks to the success of 200 Gb/s WDM solutions

and 400 Gbps.

Driven by the success of SDN solutions (

Software Defined Networks

), the virtualization of network functions and the provision of services, the turnover generated by the sales of Software & Services increased by +32% compared to the previous financial year, thus representing 14% of the turnover as of September 30, 2022.

Sustained growth of +62% in North America and +39% in France

These nine months have been marked by strong growth in international business (+23%), with growth in all geographic areas, particularly in North America and

Asia Pacific. At the end of September, the activity carried out internationally represented 64%.

In North America, activity continues to record very high growth, totaling a business volume of €21.1 million, up +62% compared to last year (+42% expressed in dollars US). This growth is benefiting from strong demand for Optical Transport products. With now 22% of its activity in North America, Ekinops achieves for the first time more than 20% of its turnover across the Atlantic.

After two years penalized by the pandemic, Asia-Pacific is returning, quarter after quarter, to a dynamic growth trajectory, which now stands at +36% over nine months. Ekinops generated 6% of its activity in Asia-Pacific at the end of September 2022.

The EMEA zone (Europe – excluding France – Middle East & Africa), which represents 36% of activity over nine months, totaled revenue of €34.6 million, up +6% compared to the same period of the previous financial year in the wake of the 1

^er

semester (+6%).

After activity remained almost stable on its domestic market in 2021, and until 1

^er

quarter of 2022, Ekinops is back with sustained growth in France. Driven by a very good momentum in sales of Access solutions, sales growth in France amounted to +59% in 3

^th

quarter bringing the increase over nine months to +39%. Ekinops recorded 36% of its sales over the period in France.

Annual organic growth target raised to more than +20%

After a 1

^er

semester 2022 already very dynamic, the 3

^th

quarter bears witness to the continued acceleration of growth, and once again illustrates Ekinops’ ability to outperform in a market context marked by the component crisis.

On the strength of this excellent 3

^th

quarter, Ekinops once again raises its growth target and confirms its gross margin and EBITDA targets for the 2022 financial year:

• organic growth now expected at more than +20%
  
  against +15% recorded at the end of July and +12% initially targeted;

• a gross margin of between 52% and 56%
  
  ;

• an EBITDA margin of between 14% and 18%
  
  .

Ekinops also continues to be active in terms of external growth and to explore all acquisition opportunities that create value for the company.

Financial diary

All publications will take place after the closing of the Euronext Paris market.

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