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Trading update and full year trading outlook

21 Oct 2011 07:00

RNS Number : 5848Q
Telit Communications PLC
21 October 2011
 



TELIT COMMUNICATIONS PLC

("Telit" or the "Company")

 

Trading update for nine months ended 30 September 2011 and full year trading outlook

 

 

The Board of Telit (AIM: TCM) announces that its revenues for the nine months ended 30 September 2011 was $128.5m (9 months 2010: $98.0m), an increase of 31% including the seven months contribution from the Motorola m2m acquisition.

 

Whilst revenue for the final quarter of the year will be strong, the impact of a delay in the deployment of a few significant projects which were originally expected to take place during 2011 will mean that revenues for the year ending 31 December 2011 will be lower than current market expectations and profits will be significantly below current market expectations.

For further information:

Telit Communications PLC

Tel: +39 06 4204601

Oozi Cats, CEO

Yosi Fait, Finance Director

Yariv Dafna, CFO

 

Investec Bank

 

Tel: +44 20 7597 4000

Andrew Pinder / Patrick Robb / Dominic Emery

 Notes to editors

Telit is a global leader in the development and manufacture of wireless machine-to-machine ("m2m") communication modules for a variety of applications. Through its 20 sales offices and more than 50 distribution channels, Telit covers more than 60 countries supporting about 1,000 customers with products in manufacture and about 2,000 customers which are in product design discussions or process.

Telit is the third largest supplier of m2m modules in the world with a market share of approximately 22% and one of the few companies in the industry with full control over the underlying technologies in its products. It boasts strong in-house technology and research and development expertise.

Telit is listed on AIM (Ticker: TCM). www.telit.com

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTLFFIIIDLIFIL
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16th Aug 20218:19 amRNSForm 8.3 - TELIT COMMUNICATIONS PLC
13th Aug 20219:18 amRNSForm 8.3 - [TELIT COMMUNICATIONS PLC]
12th Aug 20219:31 amRNSForm 8.3 - [TELIT COMMUNICATIONS PLC]
11th Aug 20219:28 amRNSForm 8.3 - [TELIT COMMUNICATIONS PLC]
9th Aug 20211:16 pmPRNForm 8.3 - Telit Communications Plc
6th Aug 20213:07 pmBUSForm 8.3 - TCM LN
4th Aug 202112:30 pmRNSForm 8.3 - TELIT COMMUNICATIONS PLC
4th Aug 20219:05 amRNSForm 8.3 - Telit Communications PLC
2nd Aug 202112:45 pmRNSForm 8.3 - TELIT COMMUNICATIONS PLC
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29th Jul 202112:34 pmPRNReissue : Form 8.3 - Telit Communications Plc
29th Jul 202112:23 pmPRNForm 8.3 - Telit Communications Plc
29th Jul 20219:50 amRNSForm 8.3 - [TELIT COMMUNICATIONS PLC]
29th Jul 20217:40 amGNWForm 8.5 (EPT/RI) - Telit Communications plc
28th Jul 20213:51 pmRNSResults of Court Meeting and General Meeting
28th Jul 202112:35 pmRNSForm 8.3 - TELIT COMMUNICATIONS PLC - Replacement
28th Jul 202112:00 pmRNSForm 8.3 - TELIT COMMUNICATIONS PLC
28th Jul 20218:37 amGNWForm 8.5 (EPT/RI) - Telit Communications Plc
27th Jul 202111:10 amRNSForm 8.3 - TELIT COMMUNICATIONS PLC
26th Jul 202111:35 amRNSForm 8.3 - TELIT COMMUNICATIONS PLC
26th Jul 20217:00 amRNSUPDATE REGULATORY CLEARANCES REGARDING THE OFFER
23rd Jul 20213:06 pmRNSNON BINDING LETTER OF INTENT COMPASS ASSET MGMT
23rd Jul 20212:49 pmRNSForm 8.3 - Telit Communications PLC
22nd Jul 202111:58 amRNSForm 8.3 - TELIT COMMUNICATIONS PLC
22nd Jul 202111:13 amRNSForm 8.3 - [Telit Communications PLC]
21st Jul 202111:45 amRNSForm 8.3 - Telit Communications PLC
20th Jul 20215:29 pmRNSResponse to increased and final recommended offer
20th Jul 20214:45 pmRNSRECOMMENDED INCREASED FINAL CASH OFFER
20th Jul 20213:07 pmRNSForm 8.3 - TELIT Communications PLC
20th Jul 20211:31 pmRNSForm 8.3 - TELIT COMMUNICATIONS PLC
20th Jul 202111:58 amRNSForm 8.3 - Telit Communications PLC

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