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Wed, 19 Dec 2018 01:25:29 -0600
2018-03-09 Print

TELES Achieves Turnaround in 2017 Financial Year


Group sales of € 7.1 million (previous year: € 6.5 million). 7% increase in gross profit to € 4.7 million. EBIT of k€ 3, representing improvement of € 0.6 million. Successful establishment of unified communications as a service (UCaaS) in 2017

FOR IMMEDIATE RELEASE / PRURGENT

Berlin, 9 March 2018. The technology company TELES AG Informations-Technologien (ISIN: DE0007454902) developed excellently in 2017. It achieved sales growth of 8%, while the gross profit improved by 7% and the result even by 101%.

"In 2015, we set our corporate objective for achieving growth in the field of unified communications. And now, just two years later, our UCaaS platform for network operators is unique throughout Europe and it’s going to be the decisive driver of growth in a future that looks very positive," Oliver Olbrich, Co-CEO of TELES AG, outlined.

The complete consolidated financial statements are due to be released in mid-April 2018. All of the financial figures provided in this notification are provisional and subject to the audit of the 2017 financial statements.


About TELES

TELES AG has the decisive body of knowledge that has been developed with the many advances achieved in technology. TELES AG has consistently released numerous groundbreaking products for the telecommunication industry, with a focus especially on service providers and business customers. Whether these concern the ISDN TELES.PC card or now the cloud based communications solutions – at TELES AG the overriding design and development aspiration is to facilitate a more open and especially user-friendly world of work. In more than 60 countries, TELES AG works together with more than 300 key customers and partners – with the opportunities for communication solutions that arise from this just as wide-ranging yet individual as the lives of the customers who then use these products.

 
Contact Info
TELES AG
Ordensmeisterstr. 15-16,
Berlin, Deutschland

Phone: 303992800

Website: http://www.teles.com