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Revenue growth, increased net results 2018

Results in brief

  • Total revenue amounted to 61.8 million euro compared to the restated 59.9 million euro in 2017. This represents a growth of 3.2%.
  • EBITDA was 4.3 million euro, compared to the restated 5.2 million euro last year.
  • EBIT amounted to 3.2 million euro, compared to the restated 3.6 million euro in 2017.
  • Net profit from operations was 2.7 million euro, compared to the restated 2.3 million euro in 2017.
  • Financial cash position of 20.4 million euro at the end of 2018, compared to 18.9 million euro in 2017.

Kenneth Dastol, CEO of Zenitel, commented: “We are pleased to see that our top line has grown by 3.2% and that we have increased the net result with more than 17% in one year although we incurred integration costs related to the Phontech acquisition we announced in October 2018 and in 2019 we also expect the results to be impacted by certain integration costs.

Reduced investments in the Oil and Gas industry have negatively affected the Maritime market over the past years. In 2018, we have seen the first signs of a cautious recovery in these markets, and we feel confident that we can continue to increase our market share in Maritime and the Oil and Gas industry in 2019.

Zenitel has continued to further establish its strong position in “intelligent communication” solutions during 2018 ensuring our customers can hear, be heard and be understood - every time.

In 2019 we intend to continue expanding our business in our focus markets and segments by increasing investments in more sales and marketing resources, while at the same time keeping our products and services to the highest standards. “

Full Press Releases

Press release in English | Press release in Dutch

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