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Zenitel Annual Report 2018

Annual report 2017

Our balance sheet remains healthy and, despite the negative currency translation effects, we managed to keep our very strong net cash position to support our current business initiatives and anticipated expansions.

Some financial highlights:

  • Total revenue amounted to 60.6 million euro compared to 63.5 million euro in 2016.
  • EBITDA was 5.4 million euro, which is 0.6 million above last year.
  • EBIT amounted to 3.8 million euro, compared to 2.5 million euro in 2016.
  • Net profit from continuing operations was 2.5 million euro, against 2.6 million euro last year. 
  • Net financial cash position of 18.9 million euro at the end of the year, compared to 19.2 million euro at the end of 2016.

Download the report | Financial Reports