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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.

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Categories: Mobile & Wireless
Companies: Telit Communications
Countries: World
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