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Ekinops Reports Q2 2025 Revenue at €57.2 Million

Ekinops, the Paris-listed telecommunications solutions provider, has disclosed its financial results for the first half of 2025, showcasing a total revenue of €57.2 million. Despite this figure reflecting a modest decline of 1% compared to the previous year, some business segments have shown signs of recovery, especially following a downturn in earlier quarters.

Financial Overview

In Q2 2025, Ekinops generated consolidated revenue of €28.7 million, which marks a 2% decrease compared to the same quarter in 2024. On a sequential basis, this represents a 1% increase over Q1 2025 where they earned €28.5 million. The company's half-year performance remains closely aligned with the same period in 2024, emphasizing stability amidst ongoing market volatility. Notably, the recent acquisition of Olfeo, a cybersecurity software provider, contributed an additional €0.5 million to H1 revenue since its consolidation on June 1, 2025.

The company's performance varied significantly among its product lines. Sales in the Optical Transport segment rebounded strongly, particularly in the second quarter, where they saw a dramatic increase of 42%. This recovery can largely be attributed to multiple significant project deployments across Europe, predominantly in Germany. Conversely, Access solution sales did experience a contraction of 7%. This was heavily influenced by a drop in sales tied to Ekinops' main French market, where a leading customer faced challenges following a year of strong growth in 2024.

Growth in Services and North America

Despite some declines, Ekinops reported a robust 22% growth in its Software and Services division, which now accounts for 20% of the company's overall revenues—a rise from 17% year-over-year. This growth has been fueled by their expanding service offerings and the integration of Olfeo's cybersecurity solutions.

On a geographical scale, North America marked a notable turnaround, achieving a 3% revenue growth in Q2 2025, following a steep 20% decline in the previous quarter. This quarter's recovery was significantly driven by the resurgence in Optical Transport sales.

Conversely, the French market—representing 41% of Ekinops' revenue—witnessed a 6% decline, primarily due to the drop in Access solution sales. This decline occurred despite the slight improvement in Optical Transport sales, which experienced a 6% increase within France.

Internationally, Ekinops saw a 4% growth across its global markets, with 59% of its revenue now generated outside of France, underscoring the importance of diversifying its customer base and market reach.

Strategic Outlook

Looking ahead, Ekinops has set ambitious expectations for continual growth, especially in North America and Europe. With new strategic initiatives in place, including the establishment of the 'Bridge' plan and the recent acquisition of Olfeo, Ekinops aims to solidify its position as a crucial player in the telecommunications and cybersecurity markets.

The evolving dynamics of the telecommunications landscape signal a gradual recovery, which Ekinops is well poised to capitalize on. With a focus on growing their Optical Transport solutions and enhancing their software services, the company remains optimistic about forging ahead despite the challenges that lie ahead.

Knowing that the global telecommunications market can be subject to rapid changes, Ekinops is readying itself to navigate this landscape effectively, focusing on innovation and strategic partnerships to ensure sustained growth and profitability in the coming quarters.

Conclusion

In conclusion, while Ekinops faced a challenging H1 of 2025, certain segments such as Optical Transport and Software Services are evidencing positive trends. The company’s proactive approach, integrating new solutions and focusing on market expansion, provides a promising glimpse into its potential trajectory within the competitive telecommunications arena.