0
Wireless

Telit expects higher revenues, lower debt in H1

Wednesday 11 July 2018 | 09:19 CET | News
In a trading update for the first half of this year, Telit Communications said it expects revenues to hit USD 201 million, an increase of 13.2 percent from the year before. Telit's connectivity and IoT platform services contributed USD 16.5 million to the total, up 16.2 percent year-on-year. Gross profit margins stabilised following the declines of 2017 and net debt has decreased by USD 5.2 million to USD 25 million.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Telit Communications
Countries: World
::: add a comment
This article is part of dossier

IoT

,

LTE


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Telit updates on sale of automotive unit, restructure, trading outlook

Published 11 Dec 2018 20:11 CET | World
Global IoT enabler Telit Communications has issued an update on the sale of its automotive division to TUS International, ...

Telit brings in new non-exec directors as CEO Fait departs

Published 21 Sep 2018 09:15 CET | World
Yosi Fait will be stepping down as CEO and director of Telit Communications with immediate effect after reaching an agreement ...

Telit lifts revenues, reduces debt in H1

Published 04 Sep 2018 11:21 CET | World
Telit has come out with its results for the first half, confirming forecasts by reporting revenues of USD 201 million, supported ...

Telit names Dal Pino as non-executive chairman

Published 14 Aug 2018 13:37 CET | World
Telit Communications announced the appointment of Paolo Dal Pino as independent, non-executive chairman, with effect from 1 ...

Telit sells automotive division for USD 105 mln to China's TUS

Published 13 Jul 2018 08:56 CET | World
Telit Communications has announced the sale of its automotive division for USD 105 million for USD 105 million, subject to ...

Telit sees double digit revenue growth for 2018, but is still in danger of breaking bank covenants

Published 15 Dec 2017 10:50 CET | World
Telit Communications now expects double digit revenue growth in 2018, driven by the company's programme to reduce cost and spend, ...