Finland's Teleste Q1 net sales flat, profit rises

Teleste Oyj

08/05/2026 06:38

Overview

Finland-based broadband and security tech firm's Q1 net sales flat yr/yr at EUR 32.2 mln

Adjusted EBITDA and operating profit rose, with EPS more than doubling yr/yr

Orders received fell 16% in Q1, reflecting seasonal and project timing effects

Outlook

Teleste sees 2026 net sales between EUR 140 mln and EUR 160 mln

Company expects 2026 adjusted operating profit of EUR 7 mln to EUR 10 mln

Profit expected to be weighted toward second half of 2026

Company says geopolitical tensions and US dollar exchange rate create uncertainty

Result Drivers

GROSS MARGIN AND COST DISCIPLINE - Improved profitability driven by gross margin protection, revenue blend, and cost discipline, according to CEO Esa Harju

NETWORKS SEGMENT EXECUTION - Networks segment benefited from planned deliveries, favorable product and market mix, and disciplined cost management

COST EFFICIENCY IN PUBLIC SAFETY - Public Safety and Mobility segment profitability supported by improved cost efficiency and a balanced project and services mix

Company press release: ID:nWkr2xdTgk

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
EUR 32.20 mln
Q1 EPS
EUR 0.07
Q1 Net Income
EUR 1.40 mln
Q1 EBIT
EUR 1.80 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the communications & networking peer group is "buy"

Wall Street's median 12-month price target for Teleste Oyj is €4.25, about 19.7% above its May 7 closing price of €3.55

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 12 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.)