Brief: Teleste Q1 Adjusted Operating Profit Down At EUR 1.4 Mln

Teleste Oyj

15/05/2020 06:34

May 15 (Reuters) - Teleste Oyj  TLT1V.HE :
    * TELESTE 1-3/2020: NET SALES AND ADJUSTED OPERATING RESULT
DECLINED, ORDER BACKLOG INCREASED. TELESTE WILL FOCUS ON
TECHNOLOGY BUSINESSES AND SUPPORTING HIGHER ADDED VALUE SERVICES
AND WILL DIVEST ITS SERVICES BUSINESS IN GERMANY
    * Q1 NET SALES AMOUNTED TO EUR 36.6 (41.3) MILLION, A
DECREASE OF
11.4%
    * Q1 ADJUSTED OPERATING PROFIT EUR 1.4 MILLION VERSUS EUR
1.7
MILLION YEAR AGO
    * WILL UPDATE ITS OUTLOOK AND WILL GIVE NEW GUIDANCE WHEN
VISIBILITY IS IMPROVED AND EFFECTS OF PANDEMIC CAN BE ESTIMATED
RELIABLY
    * TELESTE - IF COVID-19 RESTRICTIONS IMPOSED BY AUTHORITIES
IN
VARIOUS COUNTRIES WILL BE EFFECT UNTIL END -Q2, WE EXPECT
NEGATIVE IMPACT ON CO'S NET SALES FOR 2020 WOULD BE SIGNIFICANT

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

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