Telit sees double digit revenue growth for 2018, but is still in danger of breaking bank covenants

Friday 15 December 2017 | 10:50 CET | News
Telit Communications now expects double digit revenue growth in 2018, driven by the company's programme to reduce cost and spend, but it is still in danger of breaking bank covenants. CEO CEO Yosi Fait said revenue will also be boosted by 2017 US certifications, leading to a significant improvement in free cash flow. Revenues and adjusted EBITDA for this year will be in line with guidance.

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