{"id":3517,"date":"2025-07-10T18:00:20","date_gmt":"2025-07-10T16:00:20","guid":{"rendered":"https:\/\/staging.ekinops.com\/news\/news\/h1-2025-revenue-57-2-m"},"modified":"2026-10-20T20:46:09","modified_gmt":"2026-10-20T18:46:09","slug":"2eme-trimestre-2025","status":"publish","type":"press-releases","link":"https:\/\/www.ekinops.com\/fr\/news\/corporate\/h1-2025-revenue-57-2-m","title":{"rendered":"2\u00e8me trimestre 2025"},"content":{"rendered":"\n

EKINOPS (Euronext Paris – FR0011466069 – EKI), <\/strong>a leading supplier of telecommunications solutions for telecom operators and enterprises, reports its Q2 2025 revenue (1 April to 30 June 2025).<\/p>\n\n\n\n

m\u20ac – IFRS
Non-audited data<\/td>		2024<\/strong><\/td>2025<\/strong><\/td>Change<\/td><\/tr>
Q1 revenue<\/td>28.3<\/strong><\/td>28.5<\/strong><\/td>+1%<\/strong><\/td><\/tr>
Q2 revenue<\/td>29.2<\/strong><\/td>28.7<\/strong><\/td>-2%<\/strong><\/td><\/tr>
H1 revenue<\/strong><\/td>57.5<\/strong><\/td>57.2<\/strong><\/td>-1%<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

In Q2 2025, Ekinops reported consolidated revenue of 28.7 m\u20ac, a decline of -2% compared to Q2 2024. The change is identical at constant scope and exchange rates1<\/sup>.<\/p>\n\n\n\n

Sequentially, Ekinops’ Q2 2025 revenue was up +1% relative to Q1 2025.<\/p>\n\n\n\n

Over H1 2025, Ekinops\u2019 revenue came to 57.2 m\u20ac, nearly identical to H1 2024 (-1% at constant scope and exchange rates[1]<\/sup><\/a>).<\/p>\n\n\n\n

Olfeo, the French provider of SSE (Secure Service Edge) cybersecurity software, acquired at the end of May 2025 and consolidated since 1 June 2025, contributed 0.5 m\u20ac to H1 2025 revenue.<\/p>\n\n\n\n

+10% rebound in Optical Transport, decline in Access in H1 2025<\/strong><\/p>\n\n\n\n

Following a -16% decline in Q1, sales of Optical Transport<\/strong> equipment rebounded sharply by +42% in Q2, driven by several major equipment deployment projects in Europe, particularly in Germany, and the gradual acceleration of deliveries of the new 800G solution.<\/p>\n\n\n\n

On a sequential basis, Optical Transport sales increased by +30% in Q2 2025 compared with Q1.<\/p>\n\n\n\n

Over H1 2025, Optical Transport sales grew by +10%.<\/p>\n\n\n\n

Sales of Access<\/strong> solutions, on the other hand, declined by -7% (+11% in Q1 and -23% in Q2), penalized by a -10% drop in sales in France, Ekinops’ main market for this activity (59% of Access business). The decline in France is solely concentrated on Ekinops’ largest customer, which had recorded strong growth in 2024 (+21%). All other accounts are stable or showing significant growth in H1 2025.<\/p>\n\n\n\n

Software & Services up +22%, representing 20% of total sales<\/strong><\/p>\n\n\n\n

At the end of H1 2025, sales generated by Software & Services showed strong growth of +22%, driven by Ekinops\u2019 service offerings and the consolidation of Olfeo since 1 June 2025.<\/p>\n\n\n\n

At mid-year, Software & Services accounted for 20% of the Group\u2019s revenue, compared to 17% a year earlier and 18% for FY 2024.<\/p>\n\n\n\n

Growth in North America in Q2, decline in France<\/strong><\/p>\n\n\n\n

Starting in Q2 2025, Ekinops has updated the geographic breakdown of its revenue into the following regions: France, Europe (excluding France), North America<\/strong>, and Rest of the World<\/strong>[2]<\/sup><\/a>. This new geographic structure aims to better reflect the dynamics of its markets and provide a more balanced and relevant view of regional performance, notably by grouping areas with a marginal impact on the Group’s business under “Rest of the World”.<\/p>\n\n\n\n

In France<\/strong>, half-year sales declined by -6%, following a strong growth in 2024 (+18%), impacted by a drop in Access solutions sales in Q2, concentrated on the largest customer. In Optical Transport, France recorded a +6% increase during the period. Ekinops generated 41% of its revenue in its domestic market in H1 2025.<\/p>\n\n\n\n

H1 2025 was marked by a +4% growth in Ekinops’ international business, which now accounts for 59% of the Group’s total revenue (compared to 56% a year earlier and identical for FY 2024).<\/p>\n\n\n\n

In North America<\/strong>, sales returned to growth in Q2 (+3% at current exchange rates and +9% in USD), following a decline of -20% (-22% in USD) in Q1, driven mostly by the rebound in Optical Transport equipment sales, the Group’s main activity in the region. Sequentially, sales showed a growth of +6% in Q2 2025 compared to the previous quarter. For the entire half-year, sales are down -9% (-8% at constant exchange rates). Ekinops generated 20% of its revenue in North America during H1 2025.<\/p>\n\n\n\n

In Europe<\/strong> (excluding France), sales showed strong increase of +15% for H1 2025. This solid growth was driven by a significant increase in Optical Transport solution sales in the region (+52%), particularly in Germany, while Access solution sales remained stable. Ekinops generated 33% of its business in Europe.<\/p>\n\n\n\n

In the Rest of the World<\/strong>, which accounts for 6% of the Group’s activity, half-year sales remained nearly stable and were broadly balanced between Optical Transport and Access solutions.<\/p>\n\n\n\n

Outlook<\/strong><\/p>\n\n\n\n

In line with the trend observed in North America in Q2, Ekinops is betting on a gradual recovery of the telecommunications market over the coming quarters, while also implementing the first actions of its new strategic plan, Bridge<\/em><\/strong>, notably with the acquisition of Olfeo, a French provider of SSE (Secure Service Edge) cybersecurity software. This merger creates a leading European player in the network cybersecurity market, specifically in the fast-growing SSE and SASE (Secure Access Service Edge) segments.<\/p>\n\n\n\n

Financial calendar <\/strong><\/p>\n\n\n\n

Date<\/strong><\/td>Release<\/strong><\/td><\/tr>
July 28, 2025<\/strong><\/td>H1 2025 results<\/td><\/tr>
October 14, 2025<\/strong><\/td>Q3 2025 revenue<\/td><\/tr>
January 14, 2026<\/strong><\/td>FY 2025 revenue<\/td><\/tr>
March 10, 2026<\/strong><\/td>2025 annual results<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

All press releases are published after Euronext Paris market close.<\/p>\n\n\n\n

[1]<\/sup><\/sup><\/a> Excluding Olfeo<\/p>\n\n\n\n

[2]<\/sup><\/a> The previous breakdown was France, EMEA (Europe, excluding France, the Middle East & Africa), North America, and Asia-Pacific. The breakdown of consolidated revenue for Q2 and H1 2025, according to the previous structure, is available in the appendix of this press release.<\/p>\n","protected":false},"excerpt":{"rendered":"

L\u2019activit\u00e9 Transport optique et la zone Am\u00e9rique du Nord renouent avec la croissance au 2\u00e8me trimestre 2025.<\/p>","protected":false},"author":2,"featured_media":3493,"template":"","press-releases-category":[86],"class_list":["post-3517","press-releases","type-press-releases","status-publish","has-post-thumbnail","hentry","press-releases-category-corporate"],"_links":{"self":[{"href":"https:\/\/www.ekinops.com\/fr\/wp-json\/wp\/v2\/press-releases\/3517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ekinops.com\/fr\/wp-json\/wp\/v2\/press-releases"}],"about":[{"href":"https:\/\/www.ekinops.com\/fr\/wp-json\/wp\/v2\/types\/press-releases"}],"author":[{"embeddable":true,"href":"https:\/\/www.ekinops.com\/fr\/wp-json\/wp\/v2\/users\/2"}],"version-history":[{"count":1,"href":"https:\/\/www.ekinops.com\/fr\/wp-json\/wp\/v2\/press-releases\/3517\/revisions"}],"predecessor-version":[{"id":3858,"href":"https:\/\/www.ekinops.com\/fr\/wp-json\/wp\/v2\/press-releases\/3517\/revisions\/3858"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ekinops.com\/fr\/wp-json\/wp\/v2\/media\/3493"}],"wp:attachment":[{"href":"https:\/\/www.ekinops.com\/fr\/wp-json\/wp\/v2\/media?parent=3517"}],"wp:term":[{"taxonomy":"press-releases-category","embeddable":true,"href":"https:\/\/www.ekinops.com\/fr\/wp-json\/wp\/v2\/press-releases-category?post=3517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}