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
22nd Jun 202112:05 pmPRNForm 8.3 - Telit Communications Plc
21st Jun 20213:09 pmRNSForm 8.3 - TELIT Communications PLC
21st Jun 202112:39 pmPRNForm 8.3 - Telit Communications Plc
21st Jun 20217:00 amRNSPublication of Scheme Document
18th Jun 202110:43 amRNSForm 8.3 - Telit Communications plc
18th Jun 20218:05 amGNWForm 8.5 (EPT/RI) - Telit Communications plc
17th Jun 202110:04 amRNSForm 8.3 - Telit Communications PLC
17th Jun 20218:08 amGNWForm 8.5 (EPT/RI) - Telit Communications plc
16th Jun 20217:56 amGNWForm 8.5 (EPT/RI) - Telit Communications Plc
15th Jun 202111:47 amRNSForm 8.3 - Telit Communications PLC
11th Jun 20213:13 pmRNSForm 8.3 - TELIT Communications PLC
10th Jun 20213:35 pmRNSForm 8.3 -TELIT Communications PLC
10th Jun 20213:00 pmBUSForm 8.3 - Telit Communications plc
10th Jun 202111:04 amRNSForm 8.3 - Telit Communications PLC
10th Jun 20217:00 amRNSHolding(s) in Company
1st Jun 20217:57 amGNWForm 8.5 (EPT/RI) - Telit Communications Plc
27th May 20219:38 amRNSForm 8.3 - Telit Communications Plc
26th May 20213:00 pmBUSForm 8.3 - TCM LN
26th May 20212:00 pmRNSTelit activates new mobile core network Telit NExT
26th May 202111:28 amRNSForm 8.3 - Telit Communications plc
26th May 20218:42 amRNSForm 8.3 - Telit Communications Plc
25th May 202110:29 amRNSForm 8.3 - Telit Communications plc
25th May 20217:00 amRNSRecommended Cash Offer for Telit Communications
20th May 202111:25 amRNSResult of AGM
18th May 20211:05 pmRNSForm 8.3 - Telit Communications plc
17th May 20217:23 amRNSForm 8.3 - Telit Communications plc
14th May 202110:45 amRNSForm 8.3 - Telit Communications plc
14th May 20217:00 amRNSVirtual AGM – joining instructions
13th May 202110:13 amRNSForm 8.3 - Telit Communications plc
13th May 202110:06 amRNSForm 8.3 - Replacement - Telit Communications plc
12th May 202111:05 amRNSForm 8.3 - Telit Communications plc
11th May 202111:34 amRNSForm 8.3 - Telit Communications plc
11th May 202111:25 amRNSForm 8.3 - Telit Communications PLC
7th May 202110:01 amRNSForm 8.3 - Telit Communications plc
6th May 202112:10 pmRNSForm 8.3 - Telit Communications PLC
6th May 202111:37 amRNSForm 8.3 - Telit Communications plc
5th May 20212:12 pmRNSForm 8.3 - Telit Communications Plc
5th May 202112:26 pmRNSForm 8.3 - Telit Communications plc
4th May 20219:02 amRNSForm 8.3 - Telit Communications plc
30th Apr 202110:48 amRNSForm 8.3 - Telit Communications plc
29th Apr 20212:00 pmRNSForm 8.3 - Telit Communication Plc
29th Apr 202111:27 amRNSForm 8.3 - Telit Communications plc
28th Apr 202110:25 amRNSForm 8.3 - Telit Communications plc
28th Apr 20217:00 amRNSNotice of AGM & posting of annual report
26th Apr 202110:01 amRNSForm 8.3 - Telit Communications plc
23rd Apr 202110:11 amRNSForm 8.3 - Telit Communications plc
22nd Apr 20211:01 pmRNSForm 8.3 - Telit Communications plc
21st Apr 20219:01 amRNSForm 8.3 - Telit Communications plc
16th Apr 202111:26 amBUSForm 8.3 - Telit Communications PLC
1st Apr 202112:24 pmRNSForm 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.