At the telecom outfit Adtran Networks, rising costs and investments have ensured a higher operational loss.
The minus before interest and taxes (EBIT) adjusted for special effects had grown from EUR 2.7 million in the previous year to EUR 7.4 million in the second quarter, the company listed in the SDAX said in Munich on Tuesday. Thanks to a further recovery in customer demand and progressive normalization of the inventory, sales increased by 1.5 percent to just under 110 million euros. Adtran Networks (formerly ADVA) has been part of the US group Adtran Holdings for several years. This holds 65 percent of the Adtran networks shares.
Via Xetra, the Adtran Networks share on Tuesday, temporarily, will remain unchanged at 20.70 euros on the day before.
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Munich (dpa-Afx)
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