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Telit reiterates expectations for 2019, with little impact from coronavirus

Friday 6 March 2020 | 15:53 CET | News
Telit Communications said it continues to see minimal impact on production from the coronavirus (covid-19) epidemic, and that it still expects to meet its expectations for full year 2019 and 2020. The company noted that it had net cash of USD 48.2 million at the end of Decmber and that it hopes, with approval, to start a new share buyback programme of up to 10 percent of its outstanding, worth up to USD 20 million.

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