You are here

Third quarter trading update 2013 reports revenue growth of 5.1 percent

Zenitel Reports Revenue growth of 5.1 percent

Total Revenue in Q3 reached EUR 16.6 million, an increase of 5.1% compared to the same period last year.

In the first nine months of 2013 revenues grew to EUR 49.8 million, an increase of 5.1%. The revenues of Zenitel increased by 5.1 percent to EUR 49.8 million versus EUR 47.4 million for the same period the previous year. Revenues from Secure Communication Systems (SCS) grew 6.6%, driven by increased activity in our VINGTOR Merchant and Oil & Gas business.

The Chuchubi network in the Caribbean continues to generate stable recurring revenues in line with the previous year. There are however few new one-off projects on the Islands. As a result, total revenues from our Caribbean business declined with 8.8%. There are still a lot of uncertainties in the Global market. However, Zenitel expect to have a growth in line with last year.