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Teleste forecasts lower sales, operating profit in 2017

Thursday 9 February 2017 | 13:57 CET | News
Teleste reported record sales in the fourth quarter but forecast a slowdown in 2017 due to weak orders. In Q4, net sales were up 0.2 percent year-on-year to EUR 68.6 million, led by increased services business in the UK. Operating profit jumped to EUR 4.3 million from EUR 3.3 million, despite losses in the services business. Orders dropped to EUR 64.6 million from EUR 68.2 million a year earlier, and Teleste said the weak intake continued in the new year. As a result it expects lower revenues and operating profit in 2017, hurt also by changes in the services business in Germany and

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Categories: Fixed
Companies: Teleste
Countries: World
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