0
IT

Teleste expects weaker FY as Q2 sales and orders shrink

Thursday 13 August 2020 | 10:31 CET | News
Finnish IT provider Teleste said it expects weaker FY net sales and comparable adjusted operating profit than in 2019, after second quarter net sales shrank by nearly 21 percent and earnings per share turned negative. The coronavirus has dented orders in both its Video and Broadband and in its Network Services division, although its effects on the supply chain and component availability have been limited.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: IT
Companies: Teleste
Countries: Finland / World
::: add a comment
This article is part of dossier

Coronavirus


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Teleste delivers onboard platform to Alstom's new Coradia trains for CFL in Luxembourg

Published 20 May 2020 12:06 CET | Luxembourg
Teleste will supply onboard Public Address, Passenger Information display and CCTV products to Alstom's Coradia trains for the ...

Teleste looks to sell German Cableway operations as Q1 sales drop 11%

Published 15 May 2020 09:56 CET | World
Teleste said it has decided to sell its Cableway services businesses in Germany. The announcement came alongside first-quarter ...

Teleste to lay off all Finnish staff for 90 days due to coronavirus

Published 30 Mar 2020 13:34 CET | Finland
Finnish network specialist Teleste said it is in talks to lay off all of its Finnish staff for up to 90 days because of the ...

Teleste withdraws FY financial guidance due to uncertainty caused by Covid-19

Published 30 Mar 2020 09:22 CET | World
Finnish network equipment specialist Teleste said it is withdrawing its financial guidance for 2020 issued on 13 February, ...

Teleste reports 12% drop in Q4 net sales and lower EBIT, sees 2020 sales little changed

Published 13 Feb 2020 12:36 CET | World
Finnish networking specialist Teleste has reported a 12.1 percent drop in fourth quarter net sales to EUR 58.5 million from EUR ...