ADTRAN Holdings, Inc. disclosed on April 15, 2025, that its majority-owned subsidiary, Adtran Networks SE, updated its preliminary IFRS pro forma EBIT expectations for the financial year 2024. This update followed the identification of an adjustment to inventory during the finalization of financial statements.
The inventory adjustment resulted in a €5.7 million increase to costs of goods sold for Adtran Networks SE. Consequently, the subsidiary now expects a loss of approximately €10.2 million, or -2.3% of revenues, compared to the previously published preliminary loss of €4.5 million, or -1.0% of revenues.
ADTRAN Holdings noted that this adjustment has no impact on the expected revenues for the financial year 2024 and no negative impact on the cash position of Adtran Networks SE. The full consolidated financial statements for 2024 are planned for publication on April 30, 2025.
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