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Half year results 2005

Zenitel announces its half year results 2005.

Zenitel’s top-line grows with 16% following investment in market share.
As a result of the product mix and lower margins in some countries, no positive effect on recurrent EBITDA could yet be achieved.

Situation in WS France was major cause of concern in the first semester due to social instability. Restructuring plans were concluded with the unions in July.

An increased focus on core activities may result in additional and specific restructuring measures.

The launch of a new intercom product (Voice over IP) and the roll-out of a digital radio network in the Netherlands (TETRA - MCCN BV) are important steps towards sustainable growth.

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