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Ericsson Nikola Tesla sees 9% growth in Q1 sales

Friday 28 April 2017 | 11:52 CET | News
Croatian telecommunications equipment manufacturer Ericsson Nikola Tesla reported sales revenue of HRK 360.4 million in the first quarter of 2017, up 9 percent year-over-year. The positive result was due to revenue growth in services and significant growth in the domestic market, mainly due to successful implementation of the Republic of Croatia border control system. This neutralized the decline in revenue in the CIS and Southeast Europe. Operating profit was unchanged at HRK 29.2 million, and net profit fell 29.4 percent to HRK 19.9 million. Unfavorable legislation regarding R&D incentives,

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