Teleste Corporation
Stock exchange release
March 28, 2025, at 13:00 EET

TELESTE'S ANNUAL REPORT 2024 PUBLISHED

Teleste Corporation's Annual Report 2024 and Financial Statements for the accounting period 1 January - 31 December 2024 have been published today on the company's website at teleste.com/financial-reports

The Annual Report consists of audited financial statements, the annual review by the Board of Directors, including the Sustainability Statement, Teleste's corporate governance statement and Auditor's Report. In addition, Teleste publish the Remuneration Report for the governing bodies for 2024. The Sustainability statement has been prepared in accordance with the European Sustainability Reporting Standards (ESRS) and Chapter 7 of the Finnish Accounting Act.

The financial statements are also published in XHTML format in accordance with the European Single Electronic Format (ESEF) reporting requirements. In accordance with ESEF requirements, the consolidated financial statements are marked with iXBRL tags and notes with iXBRL block tags. The audit firm PricewaterhouseCoopers Oy has provided an independent auditor's report on Teleste's ESEF financial statements based on a reasonable assurance engagement it has performed in accordance with International Standard on Assurance Engagements ISAE 3000. The ESEF financial statements in Finnish are available in the zip file attached to this release and at teleste.com/financial-reports

Teleste's Sustainability Statement, published as part of the annual review by the Board of Directors, is prepared in accordance with the European Sustainability Reporting Standards (ESRS), the reporting standards referred to in Chapter 7 of the Finnish Accounting Act and Article 8 of the EU Taxonomy Regulation and it has been assured by PricewaterhouseCoopers Oy which has provided a limited assurance report in accordance with International Standard on Assurance Engagements ISAE 3000 (revised).

The Annual Report, Financial Statements and Remuneration Report are attached to this release as PDF files and the materials are available also on the company's website at teleste.com/investors.

Additional information:

Esa Harju, CEO

Tel. +358 2 2605 611

investor.relations@teleste.com

Distribution:

Nasdaq Helsinki Ltd

Main media

teleste.com

About Teleste 
Teleste offers an integrated product and service portfolio that makes it possible to build and run a better networked society. Our solutions bring television and broadband services to you, secure your safety in public places and guide your use of public transport. With solid industry experience and drive for innovations, we are a leading international company in broadband, security and information technologies and related services. We connect with our customers through a global network of offices and partners. In 2024, Teleste's net sales reached EUR 132,5 million and it had approximately 670 employees. Teleste is listed on Nasdaq Helsinki. For more information, visit www.teleste.com.