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(Q2 2024: 1.0). The company targets to grow the market share two to three times
in relevant markets towards 2030, aiming for an EBIT margin in the range of 13
-16%.
“Smartoptics continues to deliver on our strategic growth plan with another
quarter of record-high revenues, up 43.7 percent for the period. While quarterly
revenue can fluctuate due to the nature of our business model, three consecutive
quarters of double-digit growth clearly demonstrate an underlying positive
trend. This momentum is further supported by strong order intake over the same
period, confirming solid demand and visibility,” says Magnus Grenfeldt, CEO of
Smartoptics.
The gross margin in the second quarter ended at 48.6 percent (47.3) and the EBIT
margin was 9.8 percent, up from 3.6 percent in the same quarter in 2024.
Smartoptics introduced several new-generation products with substantial
performance gains, positioning us as an even more relevant partner for large
-scale operators and customers with demanding capacity requirements. The company
was selected for datacenter interconnect deployments by a U.S.-based customer, a
subsidiary of a global hyperscaler. This milestone is a strategic proof point
that we can compete at the highest tier of the market.
“We continue to see our position as a medium-sized, agile player as a big
competitive advantage. Going forward, we have established the target to increase
our market share within our relevant markets by two to three times,” Grenfeldt
adds.
Towards 2030 Smartoptics will strengthen and expand the core markets and product
categories, in addition to gradually focusing on four additional growth drivers:
· Continuing to expand capabilities with the purpose of addressing the largest
accounts such as major operators and hyperscalers
· Expanding efforts in emerging markets
· Leveraging software automation and AI to create new revenue streams and
increase efficiency across the company
· Exploring M&A as a vehicle for scaling
“This is a strong framework for long-term value creation, and with our scalable
business model and further efficiency improvements, we target an EBIT margin in
the range of 13-16 percent,” Grenfeldt concludes.
The report and presentation for the second quarter and first half of 2025 are
enclosed.
-ENDS-
Quarterly presentation
Smartoptics will host a webcast presentation of the results by CEO Magnus
Grenfeldt and CFO Stefan Karlsson at 10:00 CET.
Date: Monday July 14, 2025
Time: 10:00 CET
Language: English
Link: https://channel.royalcast.com/webcast/hegnarmedia/20250714_1
A recorded version of the presentation will be available after the live stream
is concluded.
For more information, please contact:
Magnus Grenfeldt, CEO Smartoptics
Telephone: +4673 366 88 77
Email: magnus.grenfeldt@smartoptics.com
About Smartoptics
Smartoptics provides innovative optical networking solutions and devices for the
new era of open networking. Our customer base includes thousands of enterprises,
governments, cloud providers, Internet exchanges as well as cable and telecom
operators. We have an open networking approach in everything we do which allows
our customers to break unwanted vendor lock-in, remain flexible and minimize
costs. Our solutions are used in metro and regional network applications that
increasingly rely on data center services and specifications. Smartoptics is a
Scandinavian company founded in 2006. We partner with leading technology and
network solution providers such as Brocade, Cisco and Dell and have a global
reach through more than 100 business partners.
For additional information about Smartoptics, please visit smartoptics.com.
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act. This stock exchange
announcement was published by Per Burman, Chief Marketing Officer of
Smartoptics, at the time and date set out above.
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