Zenitel Group reported sales results for the third quarter and nine months of 2012. For the quarter, the company's total revenue reached EUR 15.8 million, an increase of 5.2% compared to the same period last year.

For the nine months, the company's revenues reached EUR 47.4 million compared to the EUR 45.2 million in the first nine months of 2011, this represents a growth of EUR 2.2 million or 4.7%.

The company expects to grow the revenues for 2012 above 3% compared to last year and to continue improving its balance sheet through sustained positive results and further debt reduction.