Colt has released a promising Q1 interim statement this morning. The signs were all pointing to better growth prospects for the company in 2012, following another dip in revenues last year (see Colt finally looks ahead to growth), and so it is proving. Colt shares are up 2.2% in early trading.
Details in the release are scant. But the topline grew 5.2% to €397m. EBITDA was up 4.7% at €80.6m. That meant the EBITDA margin dipped very slightly, from 20.4% in Q1 last year to 20.3%. But the return to topline growth more than outweighs that, even though we’re talking modest single digits and this statement represents just three months of business.
The growth looks to be broad-based too. Colt says it saw revenues increase across “all major product categories”, including voice. All in all, this is a good start to what already looks like a better year for Colt.