Martinsried/Munich, Germany; Mahwah/New Jersey, USA. February 10, 2004. ADVA Optical Networking (FSE: ADV), a leading global provider of optical networking solutions, today confirmed previous guidance for the fourth quarter 2003 and provided an outlook for the first quarter 2004.
2003 FINANCIAL RESULTS
ADVA confirmed revenue guidance of single digit sequential growth between EUR 23 and 24 million in the fourth quarter 2003. The operating profitability level is anticipated to remain stable to slightly higher compared to the third quarter 2003.
The Company will announce audited financial results for the fourth quarter and full-year 2003 for the period ended December 31, 2003, on Thursday, March 11, 2004. In conjunction with the release of its full-year 2003 audited financial results, ADVA will host a press conference at 10:00 a.m. CET at its offices in Martinsried/Munich, Germany. ADVA will also host a conference call for investors at 3:00 p.m. CET / 9:00 a.m. EST on the same day. Participating in the call will be ADVA's Chief Executive Officer, Brian L. Protiva, and Chief Financial Officer, Andreas G. Rutsch. Investors may listen live via Webcast on ADVA's website, located on the con calls and presentations page in the investor relations section of ADVA's website at www.advaoptical.com.
2004 OUTLOOK
ADVA anticipates revenues of between EUR 22 to 24 million in the first quarter 2004. The operating profitability level is anticipated to remain stable to slightly lower compared to the fourth quarter 2003.