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Ericsson Nikola Tesla sales grow 18% in H1 on HT contract

Sunday 26 July 2020 | 11:40 CET | News
Ericsson Nikola Tesla saw sales revenue increase by 17.6 percent year-on-year in the first half of 2020 to HRK 966.3 million, primarily due to a network managed services contract with Hrvatski Telekom. The company's gross margin decreased 7 percent, while operating profit was down 49 percent to HRK 42.7 million, as a result of the lower gross margin and higher selling and administrative expenses. 

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Categories: General
Companies: Ericsson / Ericsson Nikola Tesla / Hrvatski Telekom
Countries: Croatia (Hrvatska)
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