Frequentis Announces Annual Financial Details
Thursday, May 11, 2017 | Comments

The Frequentis Group announced its annual results. During 2016, new orders went up by 18 percent to €259.5 million (US$282 million), while operating performance rose by 11 percent to €252.2 million (US$274 million). Earnings before interest and taxes amounted to €12.4 million (US$13.5 million).

During 2017, the company expects further expansion of international markets and the development of added value in the regions in which Frequentis subsidiaries are already active.

Drivers of growth are the strength of the internationally operating company, as well as the extension of the company group with the addition of German-based Comsoft Solutions, a software manufacturer in the field of air traffic control (ATC) and air traffic management (ATM), a statement said.

Frequentis supplies communications and information systems for control centers in the ATM, public-safety and transport sectors. Frequentis has more than 400 customers in more than 130 countries.

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