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Annual Report 2019

Zenitel has continued to invest in product development and talent to enable further growth in the coming years.

Some financial highlights

  • Total revenue amounted to 76.3 million euro compared to 61.8 million euro in 2018 which represents a growth of 23.3%
  • EBITDA amounted to 6.5 million euro, an increase of 2.3 million euro of which 1.8 million euro as a result of the adoption of IFRS 16
  • EBIT amounted to 3.9 million euro, compared to 3.2 million euro in 2018
  • Net profit from operations was 3.0 million euro, compared to 2.7 million euro in 2018
  • Financial cash position of 21.3 million euro at the end of 2019, compared to 20.4 million euro in 2018

Our recipe for success

Zenitel’s success is based on high-quality products and a customer-centric approach by passioned and dedicated people. That is why we continue investing in new product development and new talent to further strengthen our organization. New colleagues, mainly in the field of marketing & sales, R&D and management, have joined and strengthened our global team. 

The Zenitel transparent company culture together with Zenitel’s position as a technology leader is a solid base for attracting new talent and for further developing team embers within the company. We are tremendously grateful for the efforts, the dedication and the passion of all Zenitel employees worldwide.

In the building security and safety business, new sales channels have been opened and are further developed. This initiative, together with the strengthening of strategic alliances, mainly in the field of complementary technology partners, have increased our reach in the market.

These complementary technologies, such as access control and CCTV, enable our customers to seamlessly integrate the Zenitel solutions in a full-fledged security platform.

Download the full report | Financial Reports


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