Avenir Telecom posts 22% revenue drop in fiscal H1, hit by slump in EMEA region

Friday 20 November 2020 | 17:17 CET | News
Avenir Telecom, exclusive licensee of the Energizer brand, reported revenues of EUR 11.9 million in the six months to September (H1 2020/2021), down 22 percent year-on-year. The contraction was entirely driven by the EMEA region, where revenues nearly halved to EUR 6.1 million, from EUR 11.5 million in H1 2019/2020. Alongside the impact of the ongoing health crisis, the EMEA operations were negatively affected by the termination of a distribution agreement and the non-renewal of a contract, said the company, adding that it is currently boosting its commercial team to gain new business.

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