Comptel’s Q1/2014 Results and Review

At the end of the last year, Comptel stated that our main objectives remain largely the same as for the year 2013: we will continue to invest in the new businesses (Comptel Fulfillment, Comptel Analytics and Comptel Policy and Charging Control), drive the expansion to new countries and substantially increase our collaboration with partners.

Our order backlog increased from the last quarter and we won three new customers during the first quarter of 2014. We received a new Comptel Analytics deal with a leading Asian operator, Globe Telecom, a Comptel Fulfillment deal in Colombia and a Comptel Convergent Mediation deal in New Zealand.

During the quarter, we signed a strategic partnership with Tech Mahindra and also won our first joint project after the partnership agreement.

Our year-over-year net sales declined to 18.0 million (21.2 million) due to seasonality swings between quarters. We divested one of our legacy businesses that also contributed slightly negatively to our order intake and revenue.

Our profitability improved compared to the first quarter of the last year and our cost base is now lower due to earlier implemented cost saving measures. We maintained a strong cash flow (7.2 million) throughout the quarter and currently our cash exceeds our bank debt.

Comptel’s 2013 Results and Review

Comptel’s main target for 2013 was to improve profitability. In the first half of 2013, we continued the cost-savings program that was started in 2012, with the aim to improve efficiency and the company’s cost structure. Our operating profit, excluding one-time items, increased to 8.8 per cent (-1.0) on an annual level in 2013. Support and maintenance sales continued to be strong in 2013.

As defined in our strategy, we continued our research and development investments into our new solution areas. Comptel Fulfillment, Comptel Analytics (where we won two new customers) and Comptel Policy Control sales grew by 22 per cent year over year.

During 2013, we won four new customers and secured 17 significant orders, valued over EUR 0.5 million. Geographically, our sales grew especially in the Middle East and the Americas. Finally, to wrap up, in the fourth quarter, Comptel entered a new market in Vietnam, where we closed a new Comptel Fulfillment deal, as well as won a new customer for the same product in New Zealand.

We look forward to what 2014 holds for Comptel!