Adtran Holdings, Inc.: ADTRAN Holdings, Inc. Reports Earnings for the First Quarter of 2023 and Declares Quarterly Cash Dividend

EQS-Media / 09.05.2023 / 05:00 CET/CEST

ADTRAN Holdings, Inc. Reports Earnings for the First Quarter of 2023 and Declares Quarterly Cash Dividend

HUNTSVILLE, Ala. — (May 8, 2023) — ADTRAN Holdings, Inc., (NASDAQ: ADTN and FSE: QH9) (“ADTRAN Holdings” or the “Company”), today announced its financial results for the first quarter of 2023. For the quarter, revenue was $323.9 million. Net loss inclusive of the non-controlling interest for the first quarter of 2023 was $40.5 million. Net loss attributable to the Company for the first quarter of 2023 was $34.5 million and diluted loss per share attributable to the Company was $0.44. Inclusive of non-controlling interest, non-GAAP net loss was $9.5 million. Non-GAAP net loss attributable to the Company was $5.0 million and non-GAAP diluted loss per share attributable to the Company was $0.06. Non-GAAP net (loss) income and non-GAAP diluted (loss) earnings per share exclude acquisition related expenses, amortizations, adjustments (consisting of intangible amortization of backlog, developed technology, customer relationships, and trade names acquired in connection with business combinations and amortization of inventory fair value adjustments), stock-based compensation expense, amortization of pension actuarial losses, deferred compensation adjustments, asset impairments, integration expenses, restructuring expenses, changes in valuation allowance related to our deferred tax assets, and the tax effect of these adjustments to net (loss) income. The reconciliations between the non-GAAP net (loss) income measures presented herein and the respective equivalent GAAP financial measures are set forth in the tables provided below.

ADTRAN Holdings Chairman and Chief Executive Officer Tom Stanton stated, “As mentioned in our pre-release, the results of the quarter were impacted by slowing sales predominately in our Subscriber Solutions category. Although we expect customer inventory management efforts to continue to affect our near-term results, the underlying demand to upgrade and deploy fiber networks is at an unprecedented high and we are ideally positioned to capitalize on this opportunity.”

The Company also announced that its Board of Directors declared a cash dividend for the first quarter of 2023. The quarterly cash dividend of $0.09 per common share is to be paid to the Company’s stockholders of record as of the close of business on May 23, 2023. The ex-dividend date is May 22, 2023, and the payment date will be June 6, 2023.

The Company confirmed that it will hold a conference call to discuss its first quarter results on Tuesday, May 9, 2023, at 9:30 a.m. Central Time, or 4:30 p.m. Central European Time. ADTRAN Holdings will webcast this conference call. To listen, simply visit our Investor Relations site at investors.adtran.com approximately 10 minutes prior to the start of the call, click on the event “ADTRAN Holdings Releases 1st Quarter 2023 Financial Results and Earnings Call”, and click on the webcast link.

An online replay of the Company’s conference call, as well as the transcript of the Company's conference call, will be available on the Investor Relations site approximately 24 hours following the call and will remain available for at least 12 months. For more information, visit investors.adtran.com or email investor.relations@adtran.com.

Cautionary Note Regarding Forward-Looking Statements

Statements contained in this press release which are not historical facts, such as those relating to strategy, outlook and financial guidance, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can also generally be identified by the use of words such as “believe,” “expect,” “intend,” “estimate,” “anticipate,” “will,” “may,” “could” and similar expressions. In addition, ADTRAN Holdings, through its senior management, may from time to time make forward-looking public statements concerning the matters described herein. All such projections and other forward-looking information speak only as of the date hereof, and ADTRAN Holdings undertakes no duty to publicly update or revise such forward-looking information, whether as a result of new information, future events, or otherwise, except to the extent as may be required by law. All such forward-looking statements are necessarily estimates and reflect management’s best judgment based upon current information. Actual events or results may differ materially from those anticipated in these forward-looking statements as a result of a variety of factors. While it is impossible to identify all such factors, factors which could cause actual events or results to differ materially from those estimated by ADTRAN Holdings include, but are not limited to: (i) risks and uncertainties related to manufacturing and supply chain constraints, including as a result of the continued impact of the COVID-19 global pandemic; (ii) risks and uncertainties related to the completed business combination between the Company, ADTRAN and ADVA, including risks related to the ability to successfully integrate the ADTRAN’s and ADVA’s businesses, the disruption of management time from ongoing business operations due to integration efforts following the business combination, and the risk that ADTRAN Holdings may be unable to achieve expected synergies or that it may take longer or be more costly than expected to achieve those synergies; (iii) the risk of fluctuations in revenue, including due to lengthy sales and approval processes required by major and other service providers for new products and changes in customer demand; (iv) the risk posed by potential breaches of information systems and cyber-attacks; (v) the risks that ADTRAN may not be able to effectively compete, including through product improvements and development; and (vi) other risks set forth in ADTRAN Holdings’ public filings made with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2022, as well as its Form 10-Q for the quarter ended March 31, 2023 to be filed with the SEC.

Explanation of Use of Non-GAAP Financial Measures

Set forth in the tables below are reconciliations of gross profit, gross margin, operating expenses, operating loss, other income (expense), net (loss) income inclusive of the non-controlling interest, net (loss) income attributable to the Company, net loss attributable to the non-controlling interest, and (loss) earnings per share - basic and diluted, attributable to the Company, in each case as reported based on generally accepted accounting principles in the United States (“GAAP”), to non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating (loss) income, non-GAAP other (expense) income, non-GAAP net (loss) income inclusive of the non-controlling interest, non-GAAP net (loss) income attributable to the Company, non-GAAP net (loss) income attributable to the non-controlling interest, and non-GAAP (loss) earnings per share - basic and diluted, attributable to the Company, respectively. Such non-GAAP measures exclude acquisition related expenses, amortizations and adjustments (consisting of intangible amortization of backlog, developed technology, customer relationships, and trade names acquired in connection with business combinations and amortization of inventory fair value adjustments), stock-based compensation expense, amortization of pension actuarial losses, deferred compensation adjustments, asset impairments, integration expenses, restructuring expenses, changes in valuation allowance related to our deferred tax assets, and the tax effect of these adjustments to net income. These measures are used by management in our ongoing planning and annual budgeting processes. Additionally, we believe the presentation of non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating (loss) income, non-GAAP other (expense) income, non-GAAP net (loss) income inclusive of the non-controlling interest, non-GAAP net (loss) income attributable to the Company, non-GAAP net (loss) income attributable to the non-controlling interest, and non-GAAP (loss) earnings per share - basic and diluted, attributable to the Company, when combined with the presentation of the most directly comparable GAAP financial measure, is beneficial to the overall understanding of ongoing operating performance of the Company.

These non-GAAP financial measures are not prepared in accordance with, or an alternative for, GAAP and therefore should not be considered in isolation or as a substitution for analysis of our results as reported under GAAP. Additionally, our calculation of non-GAAP measures may not be comparable to similar measures calculated by other companies.

About Adtran

ADTRAN Holdings, Inc. (NASDAQ: ADTN and FSE: QH9) is the parent company of Adtran, Inc., a leading global provider of open, disaggregated networking and communications solutions that enable voice, data, video and internet communications across any network infrastructure. From the cloud edge to the subscriber edge, Adtran empowers communications service providers around the world to manage and scale services that connect people, places and things. Adtran solutions are used by service providers, private enterprises, government organizations and millions of individual users worldwide. ADTRAN Holdings, Inc. is also the largest shareholder of ADVA. Find more at Adtran, LinkedIn and Twitter.

Published by

ADTRAN Holdings, Inc.

www.adtran.com

For media

Gareth Spence

+44 1904 699 358

public-relations@adva.com

For investors

Steven Williams

+49 89 890 665 918

investor.relations@adtran.com

 Condensed Consolidated Balance Sheets

(Unaudited)

(In thousands)

March 31,

December 31,

2023

2022

Assets

Current Assets

Cash and cash equivalents

$

136,457

$

108,644

Short-term investments

1,058

340

Accounts receivable, net

262,043

279,435

Other receivables

30,938

32,831

Inventory, net

416,291

427,531

Prepaid expenses and other current assets

37,021

33,577

Total Current Assets

883,808

882,358

Property, plant and equipment, net

111,969

110,699

Deferred tax assets

81,631

67,839

Goodwill

385,755

381,724

Intangibles, net

379,286

401,211

Other non-current assets

63,152

66,998

Long-term investments

32,994

32,665

Total Assets

$

1,938,595

$

1,943,494

Liabilities, Redeemable Non-Controlling Interest and Equity

Current Liabilities

Accounts payable

$

198,596

$

237,699

Revolving credit agreements outstanding

190,843

95,936

Notes payable

—

24,598

Unearned revenue

55,611

41,193

Accrued expenses and other liabilities

27,424

35,235

Accrued wages and benefits

30,333

44,882

Income tax payable, net

19,397

9,032

Total Current Liabilities

522,204

488,575

Deferred tax liabilities

51,850

61,629

Non-current unearned revenue

24,907

19,239

Pension liability

10,698

10,624

Deferred compensation liability

28,674

26,668

Non-current lease obligations

21,446

22,807

Other non-current liabilities

15,986

10,339

Total Liabilities

675,765

639,881

Redeemable Non-Controlling Interest

442,668

—

Equity

Common stock

787

781

Additional paid-in capital

762,035

895,834

Accumulated other comprehensive income

55,251

46,713

Retained earnings

8,006

55,338

Treasury stock

(5,917

)

(4,125

)

Non-controlling interest

—

309,072

Total Equity

820,162

1,303,613

Total Liabilities, Redeemable Non-Controlling Interest and Equity

$

1,938,595

$

1,943,494

Condensed Consolidated Statements of Loss

(Unaudited)

(In thousands, except per share amounts)

Three Months Ended

March 31,

2023

2022

Revenue

Network Solutions

$

282,418

$

138,374

Services & Support

41,494

16,144

Total Revenue

323,912

154,518

Cost of Revenue

Network Solutions

219,130

90,653

Services & Support

16,974

9,549

Total Cost of Revenue

236,104

100,202

Gross Profit

87,808

54,316

Selling, general and administrative expenses

67,397

27,893

Research and development expenses

70,143

26,491

Operating Loss

(49,732

)

(68

)

Interest and dividend income

304

204

Interest expense

(3,287

)

(30

)

Net investment gain (loss)

1,252

(3,415

)

Other expense, net

(303

)

(226

)

Loss Before Income Taxes

(51,766

)

(3,535

)

Income tax benefit

11,313

2,408

Net Loss

$

(40,453

)

$

(1,127

)

Less: Net Loss attributable to non-controlling interest(1)

(5,989

)

—

Net Loss attributable to ADTRAN Holdings, Inc.

$

(34,464

)

$

(1,127

)

Weighted average shares outstanding – basic

78,358

49,113

Weighted average shares outstanding – diluted

78,358

49,113

Loss per common share attributable to ADTRAN Holdings, Inc. – basic

$

(0.44

)

$

(0.02

)

Loss per common share attributable to ADTRAN Holdings, Inc. – diluted

$

(0.44

)

$

(0.02

)

(1) Includes $3.2 million of net loss attributable to non-controlling interests pre-DPLTA and $2.8 million of annual recurring compensation earned by redeemable non-controlling interests and accrued by the Company post-DPLTA.

Condensed Consolidated Statements of Cash Flows

(Unaudited)

(In thousands)

Three Months Ended

March 31,

2023

2022

Cash flows from operating activities:

Net loss

$

(40,453

)

$

(1,127

)

Adjustments to reconcile net loss to net cash (used in) provided by operating activities:

Depreciation and amortization

33,402

3,661

Amortization of debt issuance cost

146

—

(Gain) loss on investments

(3,154

)

3,304

Stock-based compensation expense

3,812

1,893

Deferred income taxes

(24,019

)

—

Other, net

(1

)

(62

)

Inventory reserves

16,051

(1,754

)

Changes in operating assets and liabilities:

Accounts receivable, net

17,658

8,697

Other receivables

1,980

(6,205

)

Inventory

(2,764

)

(29,685

)

Prepaid expenses, other current assets and other assets

1,118

(1,170

)

Accounts payable

(40,367

)

24,818

Accrued expenses and other liabilities

6,349

3,803

Income taxes payable, net

10,316

(1,304

)

Net cash (used in) provided by operating activities

(19,926

)

4,869

Cash flows from investing activities:

Purchases of property, plant and equipment

(8,439

)

(1,461

)

Proceeds from sales and maturities of available-for-sale investments

930

10,265

Purchases of available-for-sale investments

(516

)

(11,504

)

Proceeds from beneficial interests in securitized accounts receivable

1,231

—

Net cash used in investing activities

(6,794

)

(2,700

)

Cash flows from financing activities:

Tax withholdings related to stock-based compensation settlements

(6,258

)

(54

)

Proceeds from stock option exercises

58

568

Dividend payments

(7,076

)

(4,438

)

Proceeds from draw on revolving credit agreements

138,236

8,000

Repayment of revolving credit agreements

(43,464

)

(8,000

)

Non-controlling interest put option buyback

(1,176

)

—

Repayment of notes payable

(24,692

)

—

Net cash provided by (used in) financing activities

55,628

(3,924

)

Net increase (decrease) in cash, cash equivalents and restricted cash

28,908

(1,755

)

Effect of exchange rate changes

(1,095

)

(1,032

)

Cash and cash equivalents, beginning of period

108,644

56,818

Cash and cash equivalents, end of period

$

136,457

$

54,031

Supplemental disclosure of cash financing activities:

Cash paid for interest

$

1,610

$

30

Cash used in operating activities related to operating leases

$

4,057

$

482

Supplemental disclosure of non-cash investing activities:

Right-of-use assets obtained in exchange for lease obligations

$

486

$

332

Purchases of property, plant and equipment included in accounts payable

$

4,354

$

392

Supplemental Information

Reconciliation of Gross Profit and Gross Margin to

Non-GAAP Gross Profit and Non-GAAP Gross Margin

(Unaudited)

(In thousands)

Three Months Ended

March 31,
2023

December 31, 2022

March 31,
2022

Total Revenue

$

323,912

$

358,271

$

154,518

Cost of Revenue

$

236,104

$

250,868

$

100,202

Acquisition-related expenses, amortizations and adjustments

(32,578

)

(1)

(31,577

)

(3)

—

Stock-based compensation expense

(240

)

(2)

(1,287

)

(4)

(159

)

Pension adjustments

—

144

—

Restructuring expenses

(76

)

(8

)

—

Non-GAAP Cost of Revenue

$

203,210

$

218,140

$

100,043

Gross Profit

$

87,808

$

107,403

$

54,316

Non-GAAP Gross Profit

$

120,702

$

140,131

$

54,475

Gross Margin

27.1

%

30.0

%

35.2

%

Non-GAAP Gross Margin

37.3

%

39.1

%

35.3

%

(1) Includes intangible amortization of backlog, inventory fair value adjustments, developed technology, customer relationships, and trade names acquired in connection with business combinations, of which $32.6 million is included in total cost of revenue, on the condensed consolidated statements of loss.
(2) Includes $0.2 million in cost of revenue expenses incremental stock-based award modification expense related to the business combination on the condensed consolidated statements of loss.
(3) Includes intangible amortization of backlog, inventory fair value adjustments, developed technology, customer relationships, and trade names acquired in connection with business combinations, and certain one-time transaction expenses of which $31.6 million is included in total cost of revenue, on the condensed consolidated statements of loss.
(4) Includes $1.3 million in cost of revenue expenses incremental stock-based award modification expense related to the business combination on the condensed consolidated statements of loss.

Supplemental Information

Reconciliation of Operating Expenses to Non-GAAP Operating Expenses

(Unaudited)

(In thousands)

Three Months Ended

March 31,

December 31,

March 31,

2023

2022

2022

Operating Expenses

$

137,540

$

139,813

$

54,384

Acquisition-related expenses, amortizations and adjustments

(4,584

)

(1)

(8,328

)

(6)

(2,330

)

(10)

Stock-based compensation expense

(3,458

)

(2)

(11,095

)

(7)

(1,734

)

(11)

Restructuring expenses

(2,361

)

(3)

(1,618

)

(8)

(2

)

(12)

Integration expenses

(849

)

(4)

—

—

Pension adjustments

—

43

(9)

—

Deferred compensation adjustments

(394

)

(5)

(168

)

(5)

2,696

(5)

Non-GAAP Operating Expenses

$

125,894

$

118,647

$

53,014

(1) Includes intangible amortization of backlog, inventory fair value adjustments, developed technology, customer relationships, and trade names acquired in connection with business combinations, of which $4.1 million is included in selling, general and administrative expenses and $0.5 million is included in research and development expenses on the condensed consolidated statements of loss.

(2) $2.5 million is included in selling, general and administrative expenses and $1.0 million is included in research and development expenses on the condensed consolidated statements of loss.

(3) $2.2 million is included in selling, general and administrative expenses and $0.2 million is included in research and development expenses on the condensed consolidated statements of loss.

(4) $0.8 million is included in selling, general and administrative expenses on the condensed consolidated statements of loss. Includes fees relating to the expansion of internal controls at ADVA and the implementation of the DPLTA.

(5) Includes non-cash change in fair value of equity investments held in the ADTRAN Holdings, Inc. Deferred Compensation Program for Employees, all of which is included in selling, general and administrative expenses on the condensed consolidated statement of loss.

(6) Includes intangible amortization of backlog, inventory fair value adjustments, developed technology, customer relationships, and trade names acquired in connection with business combinations, and certain one-time transaction expenses of which $7.8 million is included in selling, general and administrative expenses and $0.5 million is included in research and development expenses on the condensed consolidated statements of loss.

(7) $9.4 million is included in selling, general and administrative expenses and $1.7 million is included in research and development expenses on the condensed consolidated statements of loss. Includes $7.3 million of in selling, general and administrative expenses and $0.6 million is included in research and development expenses incremental stock-based award modification expense related to the business combination.

(8) $0.1 is included in selling, general and administrative expenses and $1.5 million is included in research and development expenses on the condensed consolidated statements of loss.

(9) $0.2 million is included in selling, general and administrative expenses and ($0.3) million is included in research and development expenses on the condensed consolidated statements of loss.

(10) $0.5 million is included in selling, general and administrative expenses and $1.8 million is included in research and development expenses on the condensed consolidated statements of loss .

(11) $0.6 million is included in selling, general and administrative expenses and $1.1 million is included in research and development expenses on the condensed consolidated statements of loss.

(12) Less than $0.1 million is included in selling, general and administrative expenses on the condensed consolidated statements of loss.

Supplemental Information

Reconciliation of Operating Loss to Non-GAAP Operating (Loss) Income

(Unaudited)

(In thousands)

Three Months Ended

March 31,

December 31,

March 31,

2023

2022

2022

Operating Loss

$

(49,732

)

$

(32,874

)

$

(68

)

Acquisition related expenses, amortizations and adjustments

37,162

39,904

2,330

Asset impairments

—

463

—

Stock-based compensation expense

3,698

12,383

1,893

Pension adjustments

—

(187

)

—

Restructuring expenses

2,437

1,627

2

Integration expenses

849

—

—

Deferred compensation adjustments(1)

394

168

(2,696

)

Non-GAAP Operating (Loss) Income

$

(5,192

)

$

21,484

$

1,461

(1) Includes non-cash change in fair value of equity investments held in the ADTRAN Holdings, Inc. Deferred Compensation Program for Employees, all of which is included in selling, general and administrative expenses on the condensed consolidated statement of loss.

Supplemental Information

Reconciliation of Other (Expense) Income to Non-GAAP Other (Expense) Income

(Unaudited)

(In thousands)

Three Months Ended

March 31, 2023

December 31, 2022

March 31, 2022

Interest and dividend income

$

304

$

1,355

$

204

Interest expense

(3,287

)

(2,010

)

(30

)

Net investment gain (loss)

1,252

(587

)

(3,415

)

Other (expense) income, net

(303

)

11,568

(226

)

Total Other (Expense) Income

$

(2,034

)

$

10,326

$

(3,467

)

Deferred compensation adjustments (1)

(1,250

)

(349

)

1,841

Pension expense (2)

7

77

89

Non-GAAP Other (Expense) Income

$

(3,277

)

$

10,054

$

(1,537

)

(1) Includes non-cash change in fair value of equity investments held in the ADTRAN Holdings, Inc. Deferred Compensation Program for Employees.

(2) Includes amortization of actuarial losses related to the Company's pension plan for employees in certain foreign countries.

Supplemental Information

Reconciliation of Net (Loss) Income inclusive of Non-Controlling Interest to

Non-GAAP Net (Loss) Income inclusive of Non-Controlling Interest

(Unaudited)

and

Reconciliation of Net Loss attributable to Non-Controlling Interest to

Non-GAAP Net (Loss) Income attributable to Non-Controlling Interest

(Unaudited)

and

Reconciliation of Net (Loss) Income attributable to ADTRAN Holdings, Inc. and

(Loss) Earnings per Common Share attributable to ADTRAN Holdings, Inc. – Basic and Diluted to

Non-GAAP Net (Loss) Income attributable to ADTRAN Holdings, Inc. and

Non-GAAP (Loss) Earnings per Common Share attributable to ADTRAN Holdings, Inc. – Basic and Diluted

(Unaudited)

(In thousands, except per share amounts)

Three Months Ended

March 31,
2023

December 31,
2022

March 31,
2022

Net (Loss) Income attributable to ADTRAN Holdings, Inc.

$

(34,464

)

$

38,881

$

(1,127

)

Plus: Net Loss attributable to non-controlling interest (1)

(5,989

)

(3,926

)

—

Net (Loss) Income inclusive of non-controlling interest

$

(40,453

)

$

34,955

$

(1,127

)

Acquisition related expenses, amortizations and adjustments

37,162

39,904

2,330

Asset impairments

—

463

—

Stock-based compensation expense

3,698

12,383

1,893

Valuation allowance

—

(60,908

)

8,079

Deferred compensation adjustments (2)

(856

)

(182

)

(855

)

Pension adjustments (3)

7

(109

)

89

Restructuring expenses

2,437

1,627

2

Integration expenses

849

—

—

Tax effect of adjustments to net income (loss)

(12,307

)

(12,463

)

(505

)

Non-GAAP Net (Loss) Income inclusive of non-controlling interest

$

(9,463

)

$

15,670

$

9,906

Less: Non-GAAP Net (Loss) Income attributable to non-controlling interest (1)

(4,460

)

5,769

—

Non-GAAP Net (Loss) Income attributable to ADTRAN Holdings, Inc.

$

(5,003

)

$

9,901

$

9,906

GAAP Net Loss attributable to non-controlling interest (1)

$

(5,989

)

$

(3,926

)

$

—

Acquisition related expenses, amortizations and adjustments

1,457

9,039

—

Restructuring expenses

29

402

—

Integration expenses

6

—

—

Stock-based compensation expense

37

300

—

Pension adjustments (3)

—

(46

)

—

Non-GAAP Net (Loss) Income attributable to non-controlling interest (1)

$

(4,460

)

$

5,769

$

—

Weighted average shares outstanding – basic

78,358

77,659

49,113

Weighted average shares outstanding – diluted

78,358

79,243

49,113

(Loss) Earnings per common share attributable to ADTRAN Holdings, Inc. – basic

$

(0.44

)

$

0.50

$

(0.02

)

(Loss) Earnings per common share attributable to ADTRAN Holdings, Inc. – diluted

$

(0.44

)

$

0.49

$

(0.02

)

Non-GAAP (Loss) Earnings per common share attributable to ADTRAN – basic

$

(0.06

)

$

0.13

$

0.20

Non-GAAP (Loss) Earnings per common share attributable to ADTRAN – diluted

$

(0.06

)

$

0.12

$

0.20

(1) Represents the non-controlling interest portion of the Company's ownership of ADVA pre-DPLTA and the annual recurring compensation earned by redeemable non-controlling interests and accrued by the Company post-DPLTA.

(2) Includes non-cash change in fair value of equity investments held in deferred compensation plans offered to certain employees.

(3) Includes amortization of actuarial losses related to the Company's pension plan for employees in certain foreign countries.

End of Media Release

09.05.2023 CET/CEST Dissemination of a Press Release, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

Language:

English

Company:

Adtran Holdings, Inc.

901 Explorer Boulevard

35806 Huntsville

United States

Internet:

www.adtran.com

ISIN:

US00486H1059

WKN:

892015

Indices:

MDAX, TecDAX

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Munich, Stuttgart; Nasdaq

EQS News ID:

1626937

End of News

EQS Media

1626937 09.05.2023 CET/CEST