EKINOPS: Continuation of sustained activity in the 4th quarter of 2021: + 13% – 103.6 M EUR turnover in 2021, organic growth of 12% – 12/01/2022 at 6:00 p.m.

PARIS, January 12, 2021 – 6:00 p.m. – EKINOPS (Euronext Paris – FR0011466069 – EKI)

, a leading provider of telecommunications solutions for telecommunications operators and businesses, publishes its annual revenue for the 2021 financial year, which ends on December 31, 2021.

SixSq has been consolidated since 1

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November 2021.

Exceeding the 100 M € annual turnover

Ekinops closed its 2021 fiscal year on a solid 4

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quarter, marked by new double-digit organic growth in activity. The consolidated turnover of 4

^th

quarter thus came to € 28.7 million, an increase of + 13% compared to the 4

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quarter 2020 (+ 11% at constant scope and exchange rates).

On the strength of sustained activity throughout 2021, Ekinops crossed the € 100 million threshold for the first time, thus achieving consolidated annual turnover of € 103.6 million, an increase of +12 % (identical at constant scope and exchange rates).

Growth of all business lines, more than 60% jump in software and services

This development is the result of growth in all of the group’s activities (Transport, Access and Software), and in particular of very good sales momentum for optical transport solutions across all geographic areas.

Building on the success of the SDN (Software Defined Networks) and virtualization offers, and the contribution over two months of SixSq’s activities, the share of software and services continued to increase, now representing more than 14% of sales. group business in 2021 (compared to 10% for the full year 2020). Over the whole of the past financial year, the turnover generated by software and services has thus jumped by more than + 60%, in line with the ambitions displayed by Ekinops.

Stability in France in 2021 and growth of + 18% internationally, including + 21% in the United States

2021 was marked by dynamic international growth, which stood at + 18% over the year, with sustained activity in North America and EMEA (Europe – excluding France – Middle East and Africa). The share of business carried out internationally thus stood at 67% (vs. 63% for the full year 2020).

North America recorded a business volume of € 19.1m, i.e. sustained growth of + 21% compared to fiscal 2020 (+ 25% expressed in US dollars, or $ 22.5m). Growth in North America is benefiting from further strong growth in sales of optical transport equipment as well as Access solutions, which confirmed their take-off across the Atlantic in 2021. Ekinops totaled 18% of its activity in North America in 2021 (vs. 17% in 2020).

The EMEA zone totaled a turnover of 44.6 M €, an increase of + 28%. This development is the result of very sustained growth in optical transport solutions, and still solid in Access. Ekinops totaled 43% of its activity in EMEA in 2021 (vs. 37% in 2020). Within this zone, it should be noted the strong traction of activity in Germany, a country which has been the subject of intense commercial investment for several semesters. Proof of this success: the 2

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The Group’s customer in 2021 is a German operator which has deployed Ekinops optical transport solutions for its fiber infrastructures across the country.

Activity in Asia-Pacific remained strongly penalized by the consequences of the health crisis and recorded an annual decline of -28%. However, it should be noted that the inflection point was affected in this area, with activity increasing by more than 50% in the 2

^nd

semester compared to the first half of the year. Ekinops totaled 6% of its activity in Asia-Pacific in 2021 (vs. 9% in 2020).

In France, the activity remained almost stable (-0.3%), with a turnover of 33.8 M €, while the activity had remained strong during the financial year 2020 (+ 9%). France totaled 33% of the group’s activity in 2021 (vs. 37% in 2020).

Confirmation of 2021 gross margin and EBITDA targets

In 2021, Ekinops fully achieved its objective of double-digit growth in its activity despite persistent difficulties in the supply of certain electronic components. These difficulties, however, caused very little impact on the group’s activity thanks to control of the supply chain, the repercussion of tariff pressures on components on the selling prices of equipment, and ‘increase in the share of software and services in the business mix.

Building on this dynamic growth, Ekinops confirms its annual objectives: a gross margin between 52% and 56% and an EBITDA margin between 14% and 18%.

In terms of external growth, after the acquisition of the start-up SixSq, a publisher of SaaS (Software-as-a-Service) software dedicated to Edge Computing, Ekinops continues to explore other opportunities acquisitions that create value for the company.

Ekinops will announce its 2022 objectives when it publishes its 2021 annual results on March 8.

Didier Brédy, Chairman and CEO of Ekinops, comments:

“2021 is a new year of records for Ekinops: strong of a 4

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The highest quarter ever, for the first time we exceeded the threshold of € 100 million in sales over a financial year, recording four consecutive quarters of double-digit organic growth.

While all of our business lines are growing in 2021, it should however be noted the leap in Optical Transport products, both in North America and in EMEA. When we bought OTN technology in 2019, we set ourselves a target of tripling the sales of Optical Transport products within 5 years. In just over two years we have already doubled these sales, and we are well ahead of this target.

The strong development of software and services activities is another reason for satisfaction in 2021. These activities, which now account for 14% of our activity against 10% in 2020, are a factor in improving our profitability.

For all these reasons, I am now particularly optimistic about the pursuit of sustained growth in our business in 2022. ”

2022 financial calendar

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

About EKINOPS

Ekinops is a leading provider of open and interoperable telecommunications solutions for service providers (telecommunications operators and businesses) around the world.

Ekinops solutions, highly programmable and scalable, allow the rapid and flexible deployment of new optical transport services, broadband and high speed, as well as business services, in particular through the virtualization of networks.

The portfolio of solutions and services is made up of three perfectly complementary brands:

• Ekinops 360, for the needs of metropolitan, regional and long-distance optical transport networks (layer 1), using two complementary technologies: WDM for a simple, compact and integrated architecture; OTN for complex multi-vendor environments

• OneAccess, in order to offer a wide choice of deployment options, physical and virtualized, for layers 2 and 3 (link and network).

• Compose to software-define networks using a variety of management tools and services, including the scalable SD-WAN Xpress solution.

As service providers adopt Software Defined Networking (SDN) and Network Functions Virtualization (NFV) deployment models, Ekinops solutions enable them to seamlessly migrate to open and virtualized architectures.

Ekinops has a global organization and operates on four continents. Ekinops is listed on Euronext in Paris.

Label: Ekinops

ISIN code: FR0011466069

Mnemonic code: EKI

Number of shares making up the share capital: 25,832,666

More information on www.ekinops.com

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