Brief: Eltel Q1 EBIT Loss Widens To EUR 2.5 Mln

Eltel AB

04/05/2022 07:07

May 4 (Reuters) - Eltel AB  ELTEL.ST :
    * ELTEL GROUP: INTERIM REPORT JANUARY-MARCH 2022
    * Q1 NET SALES EUR 184.0 MILLION VERSUS EUR 182.0 MILLION
YEAR AGO
    * Q1 EBIT LOSS EUR 2.5 MILLION VERSUS LOSS EUR 0.8 MILLION
YEAR
AGO
    * GIVEN SIGNIFICANT UNCERTAINTIES IN MARKET DUE TO WAR IN
UKRAINE
AND INCREASED INFLATION, ELTEL IS NO LONGER IN POSITION TO GIVE
FINANCIAL GUIDANCE FOR 2022 AND THEREFORE REMOVES SUCH GUIDANCE
    * WE HAVE ALSO, AS A CONSEQUENCE, EXTENDED LONG-TERM
FINANCIAL
TARGETS FOR OPERATIVE EBITA MARGIN AND LEVERAGE UNTIL 2025
    * GROWTH TARGET IN NORDICS FROM 2022 ONWARDS REMAINS INTACT

Source text for Eikon:  ID:nWkr80Prr1 
Further company coverage:  ELTEL.ST 

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