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Zenitel announces its first quarter trading update

Notwithstanding the economic and financial downturn all divisions report better revenues for the first quarter of 2009 compared to 2008.

Turnover from Secure Communication Systems continues to grow by over 3%. The System Integration segment shows increased sales figures, especially thanks to project revenues in Denmark. The Networks business is positively impacted by exchange rate differences.

Year-to-date turnover, until March 2009, amounts to 22.7 million EUR, compared to 21.5 million EUR in the first quarter of 2008.

This growth is coming from increased turnover (+ 0.5 million EUR) in Secure Communication Systems (intercom), higher revenues (+0,4 million EUR) from System Integration projects, especially in Denmark, and the positive effect of the exchange rate differences in the Caribbean (ANG) in the Networks business.

Revenue growth, increased net results 2018

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