EKINOPS: Organic growth of 9.3% in the third quarter

In the third quarter of 2019, Ekinops achieved a consolidated turnover of 22.9 million euros, with organic growth of 9.3% (+ 7.5% constant exchange rates). "The quarter is thus marked by sustained activity despite a strong base effect unfavorable," said the provider of telecommunications solutions to telecommunication operators. In the first nine months of the year, sales were up 67.9 million euros, up 7.7% (+ 6.3% at constant exchange rates).Operationally, the Group confirms, for the 2019 financial year, a gross margin in the high end of the normative range (50 55%) and a level of operational expenses comparable to that of 2018, excluding the impact of the July acquisition of the technology. OTN whose costs in full year are of the order of 2 million euros (excluding depreciation expenses).