Zenitel First Quarter Trading Update
Despite a slow start in January and February, the company witnessed a good recovery in the month of March. Orders for the quarter exceeded the shipments by three percent. Revenues amounted to EURO 14,6 million versus EURO 16,3 million in Q1 of 2010.
The Vingtor-Stentofon USA operation revenues grew 16,5 percent. The Marine operation, VINGTOR, is also up 3,3 percent compared to the first quarter of 2010. Revenues from the project business in Scandinavia declined by EURO 1,4 million.
The Network business in the Caribbean grew by 6,1 percent.
In April we introduced our new serverless “Vingtor-Stentofon Pulse” IP Intercom System. Furthermore we also introduced new Vingtor-Stentofon recording solutions and IP stations.