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PARIS, April 10, 2025 /PRNewswire/ -- EKINOPS (Euronext Paris: EKI) (FR0011466069 - EKI), a leading supplier of telecommunications solutions for telecom operators and enterprises, reports its Q1 2025 consolidated revenue (January 1 to March 31, 2025).
| €m - IFRS | 2024 | 2025 | Change |
| Q1 revenue | 28.3 | 28.5 | +1 % |
In Q1 2025, Ekinops' reported consolidated revenue of 28.5 m€, showing a slight increase of +1% vs. Q1 2025, in line with Group's expectations, despite a marked decline in activity in North America (-20%). Excluding North America (which accounted for 20% of total activity during the period), Ekinops' sales grew by +7% in Q1 2025. At constant exchange rates, quarterly revenue remained stable compared to the same period last year.
Access sales up +11% in Q1, decline in Optical Transport
In line with FY 2024, sales for Access solutions grew by +11% in Q1 2025, driven by strong growth in EMEA region (Europe - excluding France - Middle East & Africa), particularly in Germany, and continued growth in France. Sequentially, Access activity saw a +19% increase in Q1 2025 vs. Q4 2024.
On the other hand, sales of Optical Transport equipment decreased by -16% in Q1 2025, still impacted by telecom operators' cautious investment and inventory clearing policies in a challenging market environment.
Driven by network function virtualization solutions, SD-WAN, and service offerings, Software & Services saw a +17% increase in revenue for the quarter. Software & Services now account for 18% of the Group's total revenue in Q1 2025, compared to 15% a year earlier and 18% for FY 2024.
Sales growth in France and EMEA in Q1 2025, decline in North America
FY 2025 begins with a strong performance for Ekinops in France, with quarterly revenue up +4%, following a strong 2024 (+15% in Q1 and +18% for the full year). In its domestic market, Ekinops continues to benefit from solid sales growth of Access solutions (+9%). By end-March 2025, France accounted for 44% of the Group's total revenue (vs. 43% a year earlier). Internationally, Ekinops reported a slight -2% decline in sales at the start of the year, which now represent 56% of its total activity (vs. 57% a year earlier and 59% in FY 2024).
In North America, quarterly sales totaled 5.6 m€, vs. 7.0 m€ a year earlier. However, sales remained stable compared to Q4 2024. As in 2024, the U.S. market continues to be marked by a cautious approach from operators, amid slowing bandwidth demand growth and a lack of new network rollouts by telecom operators. This region now accounts for 20% of the Group's quarterly revenue, vs. 25% a year earlier.