Telit Communications PLC Announces Revenue Results for the Nine Months Ended 30 September 2017; Provides Earnings Guidance for the Year Ending 31 December 2017 and for the Year 2018
The company expects to report continuing year-on-year revenue growth in the financial year to 31 December 2017 and adjusted EBITDA to be in line with previous guidance.
In 2018, the company expects double digit revenue growth, fueled by the important 2017 US certifications, which together with their reduced cost base will lead to a significant improvement in free cash flow generation.