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Kalender

Est. tid*
2025-11-05 07:30 Kvartalsrapport 2025-Q3
2025-08-14 07:30 Kvartalsrapport 2025-Q2
2025-06-27 N/A X-dag ordinarie utdelning TLT1V 0.03 EUR
2025-05-07 07:30 Kvartalsrapport 2025-Q1
2025-04-24 N/A X-dag ordinarie utdelning TLT1V 0.03 EUR
2025-04-23 N/A Årsstämma
2025-02-11 - Bokslutskommuniké 2024
2024-11-06 - Kvartalsrapport 2024-Q3
2024-08-14 - Kvartalsrapport 2024-Q2
2024-05-03 - Kvartalsrapport 2024-Q1
2024-04-12 - X-dag ordinarie utdelning TLT1V 0.00 EUR
2024-04-11 - Årsstämma
2024-02-09 - Bokslutskommuniké 2023
2023-11-02 - Kvartalsrapport 2023-Q3
2023-08-10 - Kvartalsrapport 2023-Q2
2023-05-04 - Kvartalsrapport 2023-Q1
2023-04-06 - X-dag ordinarie utdelning TLT1V 0.00 EUR
2023-04-05 - Årsstämma
2023-02-09 - Bokslutskommuniké 2022
2022-11-03 - Kvartalsrapport 2022-Q3
2022-08-11 - Kvartalsrapport 2022-Q2
2022-05-05 - Kvartalsrapport 2022-Q1
2022-04-07 - X-dag ordinarie utdelning TLT1V 0.14 EUR
2022-04-06 - Årsstämma
2022-02-10 - Bokslutskommuniké 2021
2021-11-04 - Kvartalsrapport 2021-Q3
2021-08-12 - Kvartalsrapport 2021-Q2
2021-05-06 - Kvartalsrapport 2021-Q1
2021-04-08 - X-dag ordinarie utdelning TLT1V 0.12 EUR
2021-04-07 - Årsstämma
2021-02-11 - Bokslutskommuniké 2020
2020-11-24 - X-dag ordinarie utdelning TLT1V 0.10 EUR
2020-10-29 - Kvartalsrapport 2020-Q3
2020-08-13 - Kvartalsrapport 2020-Q2
2020-05-15 - Kvartalsrapport 2020-Q1
2020-04-22 - Årsstämma
2020-02-13 - Bokslutskommuniké 2019
2019-10-31 - Kvartalsrapport 2019-Q3
2019-08-15 - Kvartalsrapport 2019-Q2
2019-05-09 - Kvartalsrapport 2019-Q1
2019-04-05 - X-dag ordinarie utdelning TLT1V 0.20 EUR
2019-04-04 - Årsstämma
2019-02-07 - Bokslutskommuniké 2018
2018-11-08 - Kvartalsrapport 2018-Q3
2018-08-09 - Kvartalsrapport 2018-Q2
2018-05-03 - Kvartalsrapport 2018-Q1
2018-04-06 - X-dag ordinarie utdelning TLT1V 0.10 EUR
2018-04-05 - Årsstämma
2018-02-08 - Bokslutskommuniké 2017
2017-11-09 - Kvartalsrapport 2017-Q3
2017-08-10 - Kvartalsrapport 2017-Q2
2017-05-04 - Kvartalsrapport 2017-Q1
2017-04-07 - X-dag ordinarie utdelning TLT1V 0.25 EUR
2017-04-06 - Årsstämma
2017-02-09 - Bokslutskommuniké 2016
2016-11-02 - Kvartalsrapport 2016-Q3
2016-08-11 - Kvartalsrapport 2016-Q2
2016-04-28 - Kvartalsrapport 2016-Q1
2016-04-08 - X-dag ordinarie utdelning TLT1V 0.23 EUR
2016-04-07 - Årsstämma
2016-02-04 - Bokslutskommuniké 2015
2015-10-29 - Kvartalsrapport 2015-Q3
2015-08-06 - Kvartalsrapport 2015-Q2
2015-04-30 - Kvartalsrapport 2015-Q1
2015-04-10 - X-dag ordinarie utdelning TLT1V 0.20 EUR
2015-04-09 - Årsstämma
2015-02-05 - Bokslutskommuniké 2014
2014-10-30 - Kvartalsrapport 2014-Q3
2014-08-07 - Kvartalsrapport 2014-Q2
2014-04-24 - Kvartalsrapport 2014-Q1
2014-04-02 - X-dag ordinarie utdelning TLT1V 0.19 EUR
2014-04-01 - Årsstämma
2014-02-16 - Bokslutskommuniké 2013
2013-10-31 - Kvartalsrapport 2013-Q3
2013-08-08 - Kvartalsrapport 2013-Q2
2013-04-25 - Kvartalsrapport 2013-Q1
2013-04-15 - X-dag ordinarie utdelning TLT1V 0.17 EUR
2013-04-12 - Årsstämma
2013-02-01 - Bokslutskommuniké 2012
2012-10-31 - Kvartalsrapport 2012-Q3
2012-08-01 - Kvartalsrapport 2012-Q2
2012-04-26 - Kvartalsrapport 2012-Q1
2012-04-04 - X-dag ordinarie utdelning TLT1V 0.14 EUR
2012-04-03 - Årsstämma
2012-02-01 - Bokslutskommuniké 2011
2011-10-26 - Kvartalsrapport 2011-Q3
2011-08-03 - Kvartalsrapport 2011-Q2
2011-04-27 - Kvartalsrapport 2011-Q1
2011-04-11 - X-dag ordinarie utdelning TLT1V 0.12 EUR
2011-04-08 - Årsstämma
2011-02-02 - Bokslutskommuniké 2010
2010-10-27 - Kvartalsrapport 2010-Q3
2010-07-21 - Kvartalsrapport 2010-Q2
2010-04-28 - Kvartalsrapport 2010-Q1
2010-04-12 - X-dag ordinarie utdelning TLT1V 0.08 EUR
2010-04-09 - Årsstämma
2010-02-03 - Bokslutskommuniké 2009
2009-04-08 - X-dag ordinarie utdelning TLT1V 0.12 EUR
2008-04-02 - X-dag ordinarie utdelning TLT1V 0.24 EUR
2007-04-04 - X-dag ordinarie utdelning TLT1V 0.20 EUR
2006-04-05 - X-dag ordinarie utdelning TLT1V 0.16 EUR
2005-04-06 - X-dag ordinarie utdelning TLT1V 0.12 EUR
2004-03-17 - X-dag ordinarie utdelning TLT1V 0.08 EUR
2003-04-09 - X-dag ordinarie utdelning TLT1V 0.08 EUR
2002-04-09 - X-dag ordinarie utdelning TLT1V 0.16 EUR
2001-04-09 - X-dag ordinarie utdelning TLT1V 0.12 EUR
2000-04-13 - X-dag ordinarie utdelning TLT1V 0.10 EUR
1999-02-10 - X-dag ordinarie utdelning TLT1V 1.80 EUR

Beskrivning

LandFinland
ListaSmall Cap Helsinki
SektorInformationsteknik
IndustriElektronisk utrustning
Teleste är verksamt inom telekomsektorn. Bolaget är en leverantör av lösningar som berör bredband och övrig informationsteknik. Exempel på produkter och tjänster som bolaget erbjuder innefattar design, planering och dokumentation inom nätverkslösningar, noder och förstärkare, säkerhets- och mjukvarulösningar, samt konfigurering och utbildning. Idag innehas verksamhet på global nivå, främst inom den nordiska marknaden.
2024-11-06 07:30:00

Teleste Corporation
Stock exchange release
November 6, 2024 at 8.30 a.m. EET

TELESTE CORPORATION INTERIM REPORT 1 JANUARY TO 30 SEPTEMBER 2024
TELESTE CORPORATION: OPERATING PROFIT INCREASED DESPITE REVENUE DECLINE. DELIVERIES IN NORTH AMERICA ON THE RISE, LOW DEMAND IN EUROPE. CASH FLOW AT A GOOD LEVEL.

Unless otherwise specified, the figures in brackets refer to the year-on-year comparison period.

July-September 2024 in brief
  • Net sales decreased by 15.1%, amounting to EUR 29.9 (35.2) million
  • Adjusted EBITDA increased by 41.2%, amounting to EUR 2.7 (1.9) million
  • Adjusted operating result increased by 183.4%, amounting to EUR 1.5 (0.5) million
  • Operating result increased by 160.4%, amounting to EUR 1.3 (0.5) million
  • Adjusted earnings per share increased by 72.3%, amounting to EUR 0.05 (0.03)
  • Earnings per share increased to EUR 0.04 (0.03)
  • Cash flow from operations increased by 277.1% to EUR 3.5 (0.9) million
  • Orders received decreased by 32.5% to EUR 31.3 (46.4) million
January-September 2024 in brief
  • Net sales decreased by 20.4%, amounting to EUR 96.0 (120.7) million
  • Adjusted EBITDA increased by 2.8%, amounting to EUR 7.1 (6.9) million
  • Adjusted operating result increased by 24.7%, amounting to EUR 3.2 (2.6) million
  • Operating result decreased by 91.1%, amounting to EUR 0.2 (1.8) million
  • Adjusted earnings per share decreased by 35.3%, amounting to EUR 0.12 (0.19)
  • Earnings per share decreased to EUR -0.05 (0.15)
  • Cash flow from operations decreased by 16.3%, amounting to EUR 10.6 (12.6) million
  • Orders received decreased by 24.6% to EUR 88.6 (117.5) million
  • The order book decreased by 8.1% and amounted to EUR 118.5 (129.0) million
  • Teleste's 1.8GHz DOCSIS 4.0-compliant smart amplifiers are the first in the industry to be delivered to commercial networks in North America.

Outlook for 2024

In the updated guidance issued on 16 September 2024, the company estimates that the net sales in 2024 will amount to EUR 120-135 million and that the adjusted operating result in 2024 will be EUR 1-4 million.

Segment reporting

As the company announced on 25 April 2024, Teleste reports its key financial figures according to a new segment structure starting from the first interim report of 2024. The operating segments are Broadband Networks and Public Safety and Mobility. The Group's reported segments correspond to the Group's operating segments. The Group's common functions are treated outside segment reporting.

Key figures

[][][][][]
EUR million  7-9  7-9 Change  1-9  1-9 2023 Change 1-12 2023
2024 2023 2024
Net sales 29.9 35.2 -15.1% 96.0 120.7 -20.4 % 151.3
Adjusted EBITDA 2.7 1.9 41.2% 7.1 6.9 2.8 % 7.2
[1)]
    Adjusted 9.0% 5.4 7.4% 5.7 % 4.8%
EBITDA, % [1)] %
Adjusted EBIT [1)] 1.5 0.5 183.4% 3.2 2.6 24.7% 1.2
    Adjusted EBIT, 4.9% 1.5% 3.3% 2.1% - 0.8%
% [1)]
EBIT 1.3 0.5 160.4% 0.2 1.8 -91.1% -0.5
     EBIT, % 4.3 1.4% 0.2% 1.5% - -0.3%
%
Net result for the 0.6 0.3 66.1% -1.1 2.3 -146.0% -0.5
period
Adjusted earnings 0.05 0.03 72.3% 0.12 0.19 -35.3% 0.09
per share, EUR
[1)]
Earnings per 0.04 0.03 40.5% -0.05 0.15 -131.9% 0.00
share, EUR
Cash flow from 3.5 0.9 277.1% 10.6 12.6 -16.3% 10.8
operations
Orders received 31.3 46.4 -32.5% 88.6 117.5 -24.6% 149.6
Order backlog 118.5 129.0 -8.1% 125.9
Net gearing, % 44% 43% 52%
Equity ratio, % 46% 48% 45%
Personnel at 642 789 -18.6% 750
period-end

[1)] An alternative performance measure defined in the tables section of the report.

Comments by President & CEO Esa Harju:

"Profitability improved in both business units, although orders and revenue decreased compared to the same period last year. The savings measures and prioritizations implemented in the company have been significant, resulting in a substantially lighter cost structure than before. The cash flow from operations was also at a very good level.

In the Broadband Networks business unit, the European market demand continued at a low level. It appears, however, that the market decline has now slowed down. There are now initial indications that investments in the next-generation DOCSIS 4.0 technology are commencing in parts of Europe in the latter half of 2025. Delivery volumes in North America continue on the rise. They will however not fully compensate for the reduced volume in Europe this year. We are solidifying our position as a key technology supplier to several North American operators, and volumes are expected to continue to increase during 2025 and 2026. The rise may involve seasonal variations depending on the timing of orders and deliveries.

In the Public Safety and Mobility business unit, several important projects have advanced to the commercialization stage, and large project deliveries are scheduled for the end of the year. The largest project volumes are still for train manufacturers, but we are also advancing new projects in the area of video security. The share of services and maintenance business is growing, which will provide stabilizing volumes for future project cycles. The improvement in business profitability is progressing as planned.

We announced on August 30, 2024, that we have signed a €53 million secured syndicated financing agreement with our three partner banks. The financing agreement is for two years and includes two one-year extension options. The financing arrangement supports the implementation of our strategy.

We updated our financial guidance in a stock exchange release on September 16, 2024. The main reason for the update was that the European market demand in the Broadband Networks business has continued at a lower level and longer than anticipated.

We have continued determined actions to improve cost efficiency and to prioritize operations. The savings measures have affected all company operations. The restructuring of the group's legal structure, whereby the Broadband Networks and Public Safety and Mobility businesses are carved out into their own legal entities, will be completed by the end of this year."
 

For further information, please contact:

Esa Harju
President and CEO

Mervi Kerkelä-Hiltunen
CFO

tel. +358 2 2605 611

investor.relations@teleste.com

Teleste in brief
Teleste's technologies and products are used to build a networked society. Our solutions bring high-speed broadband and television services to homes, secure your safety in public places and guide you in the use of public transport. With solid industry experience and a drive to innovate, we are a leading international company in broadband, security and information technologies and related services. We work in close cooperation with our customers, both virtually and through our worldwide sales network. In 2023, Teleste's net sales reached EUR 151.3 million and on average it had approximately 800 employees. Teleste is listed on Nasdaq Helsinki.