20th Jan 2011 07:00
20 January 2011
TELIT COMMUNICATIONS PLC
("Telit" or the "Company")
Trading update
The Board of Telit (AIM: TCM), the leading machine-to-machine wireless technology company, is pleased to announce a trading update ahead of its preliminary results for the year ended 31 December 2010.
The Company expects that unaudited revenues for the year ended 31 December 2010 will be at approximately $132.0 million, an increase of 48% above revenues for the year to 31 December 2009 (2009: $88.8m). Net debt is expected to be approximately $7.8 million (2009: $10.4m).
Telit expects to release its preliminary results for the year ended 31 December 2010 at the end of March 2011.
For further information please visit www.telit.com or contact:
Telit Communications PLC +39 06 420 4601
Oozi Cats, CEO
Oozicats@telit.com
Yariv Dafna, CFO
Yariv.dafna@telit
Michael Galai, VP Legal & General counsel
michaelg@telit.com
Investec +44 20 7597 4000
Andrew Pinder
Dominic Emery
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