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Broadband

Teleste keeps FY guidance despite weaker Q3

Wednesday 2 November 2016 | 12:02 CET | News
Teleste kept its full year outlook unchanged despite a weaker third quarter. The company still expects revenues and operating profit above those of 2015. Net revenues for the quarter to end September fell 5.0 percent from the year before to EUR 62.9 million, pulled down by Video and Broadband Solutions. CEO Jukka Rinnevaara noted however that revenues from Video and Broadband Solutions rose sequentially. Revenues from Network Services remained at par, though its year-on-year operating profit fell.

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Categories: Fixed
Companies: Teleste
Countries: World
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