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Wireless

Avenir posts EUR 1.4 mln operating loss in fiscal H1, names Schiano as CEO

Monday 7 December 2020 | 12:00 CET | News
Avenir Telecom, exclusive licensee of the Energizer brand for mobile products, said that its operating loss narrowed to EUR 1.4 million in the six months to September, from a comparable loss of EUR 3.0 million in the year-earlier period. This improvement was mainly driven by lower operational expenses. The company recently reported a 22 percent drop in H1 sales, as its ongoing positive performance in Asia only partly offset a sharp revenue contraction in the EMEA region.

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Categories: Mobile & Wireless
Companies: Avenir Telecom
Countries: World
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