View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
November 29, 2009

Telvent GIT Q3 revenue up 20.5% to €192.7m

Posts net income of €8.4m, compared to €7.2m for same period last year

By CBR Staff Writer

Telvent GIT has reported revenue of €192.7m for the third quarter of 2009, an increase of 20.5% compared to €160m in the same period last year.

Gross margin was 31.8% for the third quarter of 2009, compared to 25.1% in the same period last year. Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) for the third quarter of 2009 were €25m, or 13.0% of total revenues for the period, compared to €13.8m and 8.7% in the third quarter of 2008.

Operating margin increased to 11.2% for the quarter, compared to 7.7% for the same period last year. For the quarter, the company posted a net income of €8.4m or €0.25 a share, compared to €7.2m or €0.2 a share for the same period last year. Cash and cash equivalents were €46.7m.

New order bookings or new contracts signed during the third quarter of 2009 totaled €310.4m, an increase of 108.5% compared to €148.9m in the same period last year.

Content from our partners
Why the tech sector must embrace faster, smarter talent recruitment
Sherif Tawfik: The Middle East and Africa are ready to lead on the climate
What to look for in a modern ERP system

Manuel Sanchez, chairman and chief executive officer of Telvent, said: We continue to deliver the margin expansion that we had promised and bottom line profitability. In these last twelve months, we have become a better company with synergies remaining to exploit.

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU