You are here


Zenitel grows revenue & improves profitability

Financial highlights

  • Revenue amounted to EUR 31.1 million compared to last year’s EUR 30.2 million.
  • EBITDA was EUR 2.5 million compared to EUR 2.2 million in the first half of 2017.
  • Operating profit (EBIT) amounted to EUR 1.8 million compared to EUR 1.3 million last year.
  • Profit for the period of EUR 1.3 million against EUR 0.7 million in 2017.
  • Cash has increased with EUR 0.8 million to EUR 19.8 million since the end of last year.

Positive trends despite postponements

The business is still suffering from postponements in the Oil & Gas market, but we have seen a positive trend in the Maritime market, especially related to passenger vessels. Order backlog is in line with the end of 2017.

EBITDA is EUR 2.5 million, an increase of EUR 0.3 million or 13% higher compared to the first half of 2017. We have again improved operational performance by focusing on efficiency gains and cost improvement programs and increased our investments in sales, marketing and R&D activities.

Operating Profit (EBIT) increased by 36% for the first six months of 2018 compared to last year.

For full press releases and interim financial report please use links below.

Press Release EN | Press Release NL | Interim Financial Report

Join us in marking the Day of the Seafarer (DotS)

Farewell from IFSEC 2019

Announcing a new edge in Intelligent Communication

Farewell from Nor-Shipping 2019