Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTCM.L Regulatory News (TCM)

  • There is currently no data for TCM

Trading Update

12 Jul 2011 07:00

RNS Number : 1945K
Telit Communications PLC
12 July 2011
 



 

 

 

 

12 July 2011

 

TELIT COMMUNICATIONS PLC

("Telit" or the "Company")

 

Trading Update for six months to 30 June 2011

 

The Board of Telit (AIM: TCM), a leading machine-to-machine wireless technology company, is pleased to provide a trading update for the first half year ended 30 June 2011.

 

The Company expects that unaudited revenues in H1 2011 will be approximately $81 million, an increase of 36% over revenues in H1 2010 (H1-2010: $59.6m).

 

On 1 March 2011, Telit closed the acquisition Motorola's m2m division and the operational integration has been completed during the period with Motorola m2m contributing approximately 20% of the group's revenues in the period.

 

Net cash at the end of the half year is expected to be approximately $2.4 million (30.06.2010: net debt $15.5m, 31.12.2010: net debt $7.2m).

 

Telit expects to announce its results for the first half year ended 30 June 2011 on or about 20 September 2011.

 

The Board is confident that overall trading remains in line with expectations for the year as a whole.

 

 

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

Financial Dynamics

Tel: +44 207 831 3113

James Melville-Ross / Clare Thomas

 

 

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
 
 
TSTLFFLIDTILLIL
Date   Source Headline
1st Sep 202111:52 amBUSForm 8.3 - TELIT COMMUNICATIONS PLC
31st Aug 20212:12 pmRNSScheme of Arrangement becomes effective
31st Aug 202112:00 pmRNSForm 8.3 - Telit Communications plc
31st Aug 202111:45 amBUSForm 8.3 - TELIT COMMUNICATIONS PLC
31st Aug 20217:30 amRNSSuspension - Telit Communications PLC
27th Aug 202112:00 pmRNSForm 8.3 - Telit Communications plc
26th Aug 20211:27 pmRNSCourt sanction of Scheme of Arrangement
25th Aug 20215:30 pmRNSTelit Communications PLC
25th Aug 202111:09 amRNSForm 8.3 - Telit Communications plc
24th Aug 20217:00 amRNSExercise of share awards and admission of shares
20th Aug 20213:11 pmRNSForm 8.3 - TELIT Communications PLC
20th Aug 202112:08 pmRNSForm 8.3 - Telit Communications plc
20th Aug 20219:44 amRNSForm 8.3 - [TELIT COMMUNICATIONS PLC]
20th Aug 20217:00 amRNSForm 8.3 - Telit Communications
19th Aug 202110:12 amRNSUpdate on Conditions and Timetable
19th Aug 20218:58 amRNSForm 8.3 - Telit Communications Plc
19th Aug 20217:28 amRNSStatement re Regulatory Clearances Update
17th Aug 20218:16 amRNSForm 8.3 - TELIT COMMUNICATIONS PLC
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
2nd Aug 20217:00 amRNSBlock listing Interim Review
30th Jul 20219:08 amRNSForm 8.3 - [TELIT COMMUNICATIONS PLC]
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

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.