Zenitel announces its first quarter trading update
Revenue from continuing operations EUR 16,4 million, in line with last year.
Year to date revenue through March 2010 amounts to EUR 16,4 million compared to EUR 22,7 million last year. Revenue last year adjusted for discontinued business amounts to EUR 16,4 million for the first quarter 2009.
Revenue from Secure Communication Systems business (SCS) declined with 2,2%, the Marine area was below last year due to postponements and reduced activity in new shipbuildings. However, this was partly compensated by new growth in Denmark. Revenue from the Network business in Caribbean grew with 2,4%.
With the recent reorganization and the uncertain economic environment, no further guidance is given.