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

13 Apr 2015 07:00

RNS Number : 9654J
Telit Communications PLC
13 April 2015
 

TELIT COMMUNICATIONS PLC

("Telit" or the "Company")

 

Trading Update for three months ended 31 March 2015 -

 22.6% growth in revenues

 

 

April 13, 2015 - The Board of Telit (AIM: TCM), a global leader in machine-to-machine (m2m) communications, the chief enabler technology area for the Internet of Things (IoT), is pleased to provide a trading update for the three months ended 31 March 2015.

 

Telit's revenues for Q1 2015 were $64.6 million, an increase of 22.6% over the comparable period last year (Q1 2014: $52.7 million).

 

The Board expects that trading for the full year 2015 will be in-line with market expectations.

 

Oozi Cats, Chief Executive of Telit, said "I am pleased to report Telit has had a good three months. Full year revenues are expected to continue our strong growth rate of about 20%. We continue to see robust performance from the automotive product line and the Platform as a Service (PaaS). Both offerings are making good progress and I expect they will widen our addressable market and increase our opportunities for growth in future years".

For further information:

Telit Communications PLC

Tel: +39 06 4204601

Oozi Cats, CEO

Yosi Fait, Finance Director & President

 

 

Canaccord Genuity Limited

Nominated Adviser

Simon Bridges

Peter Stewart

 

Tel: +44 20 7523 8000

Notes to editors

Telit Communications PLC (AIM: TCM) is a global leader in machine-to-machine (M2M) devices, connectivity, value added and cloud services for the market space known as the Internet of Things (IoT). The company's product portfolio includes 2G, 3G, 4G cellular, short-range radio communication modules and positioning (GPS/GNSS) receivers. The Telit Automotive Solutions business unit markets products meeting strict Automotive OEM standards for the connected car mobility market. The m2mAIR business unit, markets value-added services in support of deploying and managing assets under mobile networks including connectivity. Through m2mAIR, the company also markets cloud and PaaS-model services enabling data management, application development, operational management with existing enterprise IT and back-end systems. The company has more than 12 years of sharp focus in M2M and the IoT. Originally a vendor of cellular modules, Telit is now a full-service provider of cellular, short-range wireless and GNSS modules, mobile connectivity, security and cloud-based management solutions. Telit innovates products and services from 8 R&D centres, sells and supports its products and services through a network of 35 sales offices and 60 distributors to more than 5,000 customers in 80 countries around the world. More information at www.telit.com. 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTLFFSISEIFLIE
Date   Source Headline
9th Jul 20137:00 amRNSTrading Update
3rd Jul 201310:18 amRNSTotal Voting Rights
28th Jun 20134:36 pmRNSResult of AGM and Appointment of Director
26th Jun 20137:00 amRNSAward of $ 44 million Facility
14th Jun 201311:00 amRNSHolding(s) in Company
5th Jun 20135:45 pmRNSRevised Notice of AGM
3rd Jun 20137:00 amRNSTotal Voting Rights
31st May 20137:00 amRNSProvision of Annual Report and Notice of AGM
3rd May 20137:00 amRNSTrading Update
2nd May 201311:00 amRNSTotal Voting Rights
2nd Apr 201310:18 amRNSTotal Voting Rights
20th Mar 20133:26 pmRNSGrant of Options
18th Mar 20137:00 amRNSFinal Results
4th Mar 20137:00 amRNSTotal Voting Rights
26th Feb 20137:00 amRNSm2mAir Key Facts and Figures
25th Feb 20137:00 amRNSExpands mobile computing collaboration with Intel
25th Feb 20137:00 amRNSExpands Qualcomm portfolio with new LTE product
13th Feb 20133:37 pmRNSHolding(s) in Company
12th Feb 201310:03 amRNSHolding(s) in Company
11th Feb 201311:07 amRNSHolding(s) in Company
11th Feb 20138:20 amRNSHolding(s) in Company
5th Feb 20133:38 pmRNSHolding(s) in Company
4th Feb 20131:00 pmRNSTotal Voting Rights
31st Jan 20139:00 amRNSBlocklisting Interim Review
10th Jan 20137:00 amRNSTrading Update
8th Jan 20139:38 amRNSDirector/PDMR Shareholding
3rd Jan 201310:10 amRNSTotal Voting Rights
2nd Jan 20138:36 amRNSAcquisition
27th Dec 20123:29 pmRNSResignation of Non-executive Director
10th Dec 201211:12 amRNSDirector/PDMR Shareholding
5th Dec 20128:14 amRNSHolding(s) in Company
3rd Dec 20127:00 amRNSTotal Voting Rights
1st Nov 20127:00 amRNSTotal Voting Rights
10th Oct 20127:00 amRNSTrading update and full year trading outlook
5th Oct 201210:51 amRNSReplacement - Total Voting Rights
1st Oct 20127:16 amRNSTotal Voting Rights
10th Sep 20127:00 amRNSHalf Yearly Report
2nd Aug 201211:32 amRNSChange of Adviser
1st Aug 20127:00 amRNSTotal Voting Rights
31st Jul 20125:06 pmRNSBlocklisting Interim Review
9th Jul 20127:00 amRNSTrading Update
5th Jul 20127:00 amRNSBoard Appointments
2nd Jul 20127:00 amRNSTotal Voting Rights
21st Jun 20124:48 pmRNSResult of AGM
6th Jun 20123:39 pmRNSHolding(s) in Company
6th Jun 20129:10 amRNSHolding(s) in Company
1st Jun 20127:00 amRNSTotal Voting Rights
29th May 20122:14 pmRNSDirector/PDMR Shareholding
28th May 201212:21 pmRNSAnnual Report and Accounts
24th May 20121:16 pmRNSHolding(s) in Company

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.