Telit Communications PLC (LON:TCM)

Telit Communications PLC (LON:TCM)


Share Price
161.40 p
Change
-0.6 (-0.37 %)
Market Cap
£212.55 m
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Telit Communications PLC

Telit is the global leader in IoT enablement. Our enterprise-grade hardware, connectivity, and platforms transform business through the power of IoT. With over one thousand of the world’s leading IoT experts, we share a relentless commitment to delivering the future of digital business for our customers.

EPIC: TCM
Market: AIM:TCM
52-week High/Low: 192.00p / 112.00p
Sector: Technology Hardware & Equipment
Market Cap: £212.55 m
Website: www.telit.com
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Big Picture – A Deep Dive Examination of Telit Communications PLC


Internet of things
In an update in January, the company said that revenue for the year just ended would be at the top end of its guidance range at around US$427mln

Telit Communications PLC Timeline

In an announcement issued late afternoon Tuesday, Telit said it would pay €840,000 plus €21,000 in legal costs without any admission of liability and against a waiver from the administrators of BAMES of all claims against the company
In an update in January, the company said that revenue for the year just ended would be at the top end of its guidance range at around US$427mln
"The board has changed significantly during the course of the year and I believe that the strategic and governance leadership of the group is now in place to deliver upon our true potential," said Paolo Dal Pino, the executive chairman of Telit
"On behalf of the business as a whole, I would like to thank Yosi for his contribution to Telit over many years," said chairman, Paolo Dal Pino, who will assume executive duties until a new chief executive can be found
Richard Kilsby, the non-executive chairman of Telit, said that the early signs of changes made, especially to the group's activities and cost base, have led to positive operational progress since the beginning of 2018

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