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Annual report 2013

In 2013 Zenitel continued to invest in its Vingtor-Stentofon  and ChuChubi offerings, and delivered increases in both revenue and net results.

During 2013 the Board of Directors and the Management Team have been reviewing the Company’s vision and mission statements, as well as the group values, goals and strategies that will lead the organization towards 2020. We will continue investing in our employees and in our products, and further reducing our financial debts.

In summary, 2013 was a good year for Zenitel. Some financial highlights:

  • Total revenue amounted to 67.4 million euro, up 4.2 % from 2012.
  • Recurrent EBITDA amounted to 4.8 million euro, up from 4.7 million euro in 2012, an increase of 2.0%.
  • Net result amounted to 1.8 million euro, against 0.9 million euro in 2012.
  • Net financial debt and obligations resulting from past restructuring and litigations have been reduced by 0.6 million euro to 10.1 million euro.