Brief: Teleste Estimates 2023 Adjusted Operating Result To Be EUR 2-3 Million

Teleste Oyj

02/11/2023 07:10

Nov 2 (Reuters) - Teleste Oyj  TLT1V.HE :
    * SPECIFIES FUTURE OUTLOOK AND FINANCIAL GUIDANCE ISSUED IN
FINANCIAL STATEMENTS BULLETIN ON 9 FEBRUARY 2023.
    * NOW ESTIMATES THAT NET SALES IN 2023 WILL AMOUNT TO EUR
150-160
MILLION AND THAT ADJUSTED OPERATING RESULT IN 2023 WILL BE EUR
2-3 MILLION.
    * WEAKENED MARKET DEMAND IN SECOND HALF OF YEAR,
PARTICULARLY IN
BROADBAND NETWORKS BUSINESS UNIT.
    * OVERALL DETERIORATED MACRO-ECONOMIC SITUATION,
PARTICULARLY
DEVELOPMENT OF INFLATION AND INTEREST RATES.
    * OPERATOR CUSTOMERS COMMENCING COST-SAVING MEASURES AND
CUTS TO
INVESTMENTS, AS WELL AS OPTIMISATION OF THEIR OWN BUFFER STOCKS.
    * SIGNS THAT NETWORK INVESTMENTS IN EUROPE ARE STARTING TO
SHIFT
TO NEXT-GENERATION TECHNOLOGIES

Source text for Eikon:  ID:nWkr2hbWX4 
Further company coverage:  TLT1V.HE 

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