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Wireless

Telit grows EBITDA 6% in 2020 as rising margins offset lower sales

Wednesday 24 March 2021 | 10:19 CET | News
Telit Communications has confirmed a 10.2 percent fall in revenues for 2020, to USD 343.6 million excluding its divested auto business. The company said it grew IoT cloud and connectivity revenues by 7.3 percent to USD 44 million, helping increase gross margins and grow adjusted EBITDA 6.3 percent to USD 40.6 million, near the high end of its forecast.

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