Q4 2010: An Update on Comptel’s Business and Strategy

On January 3rd, I officially joined Comptel as the new CEO, so I have now been with the company for just over one month. Already, I have travelled extensively to meet customers as well as Comptelians across the world. I have visited the U.K., Italy, Abu Dhabi, Dubai, Saudi Arabia, Malaysia, Thailand and Indonesia. I have seen some excellent collaboration between Comptel, its partners and communications service providers–and have been very impressed!

Today, Comptel published its Q4 and 2010 results. Comptel’s business developed favourably during the last quarter of the year, with net sales growing and good profitability in Europe, Asia-Pacific and in the Americas. Solution sales picked up towards the year-end, and we also agreed on projects to consolidate and extend some of the systems that have been delivered earlier. Overall, our 2010 financial results have improved from the previous year. Most pleasing of all is to see that partner sales have grown, in line with our strategy.

Overall, our financial position remained strong. This, combined with our excellent products, people, partners and customers provides us, I believe, with a solid basis on which to build up the company.