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Broadband

Teleste revenues rise to record EUR 66.2 mln in Q3

Thursday 29 October 2015 | 11:49 CET | News
Teleste net revenues rose 31.4 percent year-on-year to a record EUR 66.2 million in the third quarter, with the operating profit advancing 20 percent to another record, EUR 5.9. Profit went up 17.6 percent to EUR 4.2 percent, with the undiluted profit per share lifting 15.5 percent to EUR 0.23. Results were boosted by the Mitron business and increased volumes of product deliveries. Orders received totaled EUR 62.0 million, an increase of 26.6 percent from the year before. CEO Jukka Rinnevaara said demand for access network products remained at a high level especially for Video and Broadband

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Categories: Fixed
Companies: Teleste
Countries: World
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