Colt Group S.A. results, six months ended 30 June 2014
Rakesh Bhasin, Chief Executive Officer, said:
“The first half results continue to reflect the current economic climate and negative regulatory pressures evident across large elements of our European markets. In the second quarter we commenced the withdrawal from low-margin carrier voice trading business and re-organised the business into the four elements of our information delivery platform: Network, Voice, Data Centre and IT. We believe this will enable the Company to better realise growth opportunities, improve profitability and increase return on investment. Our restructuring programme should start to show results in the latter part of this year. We have already started the process of implementing improvements to our business and I remain convinced by the opportunities available to us.”
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