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Wireless

Telit reports higher EBITDA in H1, revenues fall over 7%

Tuesday 18 August 2020 | 10:35 CET | News
Telit Communications has reported its results for the first half, with revenues pulled down by the covid-19 pandemic. The adjusted EBITDA and profit figures were higher, supported by cost optimisation. Revenues for the half slipped 7.4 percent from the year before to USD 166.9 million, while the IoT Cloud & Connectivity unit still grew 12.3 percent to USD 21.0 million. This excludes revenue from the automotive division sold in February 2019. 

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