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General

Telit expects revenues up 14% to USD 427 mln for FY

Tuesday 15 January 2019 | 10:29 CET | News
In a trading update for the year to end December 2018, Telit Communications said it sees revenues at the top end of its guidance, up 14 percent from the year before to USD 427 million. The company said growth was particulary fuelled by Cloud and connectivity revenues, advancing over 20 percent to USD 33.5 million. Adjusted EBITDA should come in at USD 30-35 million, also in line with expectations. Net debt at end December meanwhile lifted somewhat to USD 34.5 million from 30.2 million).

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Categories: General
Companies: Telit Communications
Countries: World
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