Sweden's Eltel Q1 sales rise on Finland growth

Eltel AB

30/04/2026 07:11

Overview

Nordic critical infrastructure provider's Q1 net sales rose 13% yr/yr, driven by Finland

Adjusted EBITA for Q1 improved to EUR 3.1 mln, but net result remained negative

Company signed EUR 102.8 mln in new contracts and announced major agreements post-quarter

Outlook

Eltel reiterates target of 5% adjusted EBITA margin within 12 to 18 months

Company sees strong demand for renewable energy, data center solutions and public infrastructure

Eltel is rightsizing organization to align with market demand amid decline in Communication segment

Result Drivers

FINLAND GROWTH - Sales growth was led by Finland, driven by strong demand in Solar PV and data center solutions

EMERGING SERVICES - Emerging services, including renewable energy, data center solutions and energy storage, accounted for 33% of contract value and 23% of net sales

NORWAY PROFITABILITY - Profitability in Norway improved for the fourth consecutive quarter, mainly due to enhanced operational efficiency and customer expansion

Company press release: ID:nMFN8MfQcq

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
EUR 191.30 mln
EUR 174.50 mln (2 Analysts)
Q1 EPS
-EUR 0.01
Q1 Net Income
-EUR 1.70 mln
Q1 EBIT
EUR 3.10 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the integrated telecommunications services peer group is "buy"

Wall Street's median 12-month price target for Eltel AB is SEK9.90, about 8.8% above its April 29 closing price of SEK9.10

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)