Brief: Teleste Provides More Precise Financial Outlook For 2019

Teleste Oyj

06/03/2019 12:57

March 6 (Reuters) - Teleste Oyj  TLT1V.HE :
    * REG-PROFIT WARNING: THERE HAS BEEN A CRIME AGAINST A
SUBSIDIARY
OF TELESTE, AS A RESULT OF WHICH TELESTE RECORDS NON-RECURRING
COSTS OF APPROXIMATELY EUR 7 MILLION. TELESTE GIVES A MORE
PRECISE FINANCIAL OUTLOOK FOR 2019
    * 2019 OUTLOOK: ADJUSTED OPERATING RESULT IS EXPECTED TO
INCREASE
COMPARED WITH 2018 (EUR 9.7 MILLION)
    * NEW GUIDANCE: IN 2019 EXPECTS NET SALES TO REMAIN AT LEVEL
OF
2018 (EUR 250.3 MILLION)
    * TELESTE - EARLIER GUIDANCE FOR 2019: NET SALES TO REMAIN
AT
LEVEL OF 2018 (EUR 250.3 MILLION), OPERATING RESULT TO INCREASE
COMPARED WITH 2018
    * UNABLE TO ESTIMATE TOTAL AMOUNT OF POTENTIAL INSURANCE
COMPENSATIONS AND RECOVERED LOSSES
    * TO RECORD IN FULL A NON-RECURRING COST OF APPROXIMATELY
EUR 7
MILLION

Source text for Eikon:  ID:nGNE4vC7S6 
Further company coverage:  TLT1V.HE 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))