Brief: Teleste Q4 Adjusted Operating Result Down At EUR 1.3 Mln

Teleste Oyj

11/02/2021 06:40

Feb 11 (Reuters) - Teleste Oyj  TLT1V.HE :
    * TELESTE CORPORATION'S FINANCIAL STATEMENT RELEASE 1 JAN TO
31
DEC 2020:  NET SALES AND ADJUSTED OPERATING RESULT DECREASED DUE
TO THE TECHNOLOGICAL TRANSFORMATION OF ACCESS NETWORKS AND THE
COVID-19 PANDEMIC, ORDER BACKLOG AT A GOOD LEVEL
    * Q4 NET SALES AMOUNTED TO EUR 39.2 (41.6) MILLION, A
DECREASE OF
5.7%
    * Q4 ADJUSTED OPERATING RESULT STOOD AT EUR 1.3 (1.8)
MILLION, A
DECREASE OF 27.5%
    * Q4 OPERATING RESULT AMOUNTED TO EUR 1.3 (2.1) MILLION, A
DECREASE OF 39.7%
    * Q4 ORDERS RECEIVED TOTALLED EUR 43.2 (47.2) MILLION, A
DECREASE
OF 8.6%
    * BOARD OF DIRECTORS PROPOSES A DIVIDEND OF EUR 0.12 (0.10)
PER
OUTSTANDING SHARE
    * TELESTE ESTIMATES THAT NET SALES OF CONTINUING OPERATIONS
IN
2021 WILL REACH OR EXCEED LEVEL OF 2020 AND THAT ADJUSTED
OPERATING RESULT WILL EXCEED ADJUSTED OPERATING RESULT OF 2020.

Source text for Eikon:  ID:nGNE9nQq9Q 
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