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Teleste sales down 10.5% in Q3 on US investment, restructuring

Thursday 9 November 2017 | 10:16 CET | News
Teleste reported net sales of EUR 56.2 million in the third quarter, down 10.5 percent year on year, with net profit plunging 74.2 percent year on year to EUR 1.2 million, attributed to restructuring costs, a goodwill impairment in Germany and investments in new US markets. Total earnings per share came to EUR 0.04 compared to EUR 0.20 in the year-earlier period while cash flow from operations fell 122.5 percent to a EUR 1.4 million loss.

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Categories: Fixed
Companies: Teleste
Countries: World
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