Zenitel naamloze vennootschap announced consolidated earnings results for the full year ended December 31, 2012. For the period, the company reported revenues of EUR 64,706,000 compared with EUR 62,977,000 for the same period a year ago. Recurrent EBITDA was EUR 4,679,000 compared with EUR 4,313,000 for the same period a year ago. Operating profit was EUR 2,221,000 compared with EUR 1,501,000 for the same period a year ago. Net profit was EUR 883,000 or EUR 0.05 per basic and diluted share compared with EUR 549,000 or EUR 0.03 per basic and diluted share for the same period a year ago. Cash flow from operations was EUR 7,078,000 compared with EUR 5,686,000 for the same period a year ago. Net debt decreased by EUR 2.3 million as a result of loan repayments. Total debt amounted to EUR 9.9 million at year end 2012. Profit before tax was EUR 997,000 compared with EUR 612,000 for the same period a year ago. Payments for property, plant and equipment was EUR 1,068,000 compared with EUR 617,000 for the same period a year ago. Payments for intangible assets was EUR 937,000 compared with EUR 724,000 for the same period a year ago.

The company provided earnings guidance for the full year of 2013. The company thinks that its current organization and its new product offerings will allow it to continue its financial performance and further improve its balance sheet.