Smartoptics Group AS (SMOP) has today, April 26, 2022, published its annual
report for 2021. The annual report was approved by the Board of Directors on
April 25, 2022. The report is based on IFRS.
2021 was very significant year for Smartoptics with several key milestones
achieved. Smartoptics is well under way to reaching our strategic objective to
grow the company to become a recognized leader in Open optical Networking
solutions. In 2021, we have received orders from- and delivered network
solutions to larger customers than ever before, and we have established new
partnerships with important stakeholders in our industry. The endorsement of our
strategy from customers and partners is strong.
Highlights:
· Revenue of NOK 394 million (USD 45.9 million) and revenue growth in USD of
31.9%
· EBITDA margin of 13.6 % and EBIT margin of 10.1 %
· Release of new product family DCP-F and announcement of DCP-R product family
· Business with major US TowerCo ramped up during second half of year
· Growth in Communication Service Provider segment of 67% and Internet Content
Provider of 54%
· Solutions business accounted for 58% of revenue, Services & Software 5% and
Devices 37%
The annual report is also published at www.smartoptics.com
For further information, please contact:
Magnus Grenfeldt
CEO Smartoptics
+46 73-366 88 77
E-mail: magnus.grenfeldt@smartoptics.com
Mikael Haag
CFO Smartoptics
Phone: +46 704 264 872
E-mail: mikael.haag@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
https://www.smartoptics.com