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General

Comptel reports orders up 10% in Q1

Thursday 27 April 2017 | 11:06 CET | News
Comptel reported first-quarter sales up 0.9 percent year-on-year to EUR 22.6 million and said orders recovered from the slowdown at the end of 2016. After a 10.1 percent increase in its order backlog to EUR 66.1 million, the company said it's on track for double-digit revenue growth in 2017. While the company posted a small operating loss of EUR 0.9 million in Q1, hurt by an increase in R&D and delivery costs and costs for its takeover by Nokia, Comptel sill targets a comparable EBIT margin of 10-15 percent over the full year. The net result in Q1 was a loss of EUR 1.4 million versus a profit

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Categories: General
Companies: Comptel / Nokia
Countries: World
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