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Teleste sees lower FY sales and operating profit after Covid-19 hits Q3 results

Thursday 29 October 2020 | 12:21 CET | News
Finnish network specialist Teleste said the Covid-19 caused a fall in net sales and earnings in the third quarter to 30 September and it expects full-year net sales and comparable adjusted operating results to be below the 2019 levels. CEO Jukka Rinnevaara said Teleste's focus in the third quarter had been recovery from the first coronavirus wave, the transformation of cable networks, and the divestment of its Cableway services business in Germany.

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Categories: Fixed
Companies: Teleste
Countries: Finland / World
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