Teleste Oyj

Teleste Corporation announced that it will release its interim report for the period from January 1 to September 30, 2024, on November 6 at approximately 08:30 a.m. EET. A virtual briefing for analysts, media, financial institutions, and professional investors will be held on the same day at 09:30 a.m. EET via Microsoft Teams. The briefing will be hosted by CEO Esa Harju, CFO Mervi Kerkelä-Hiltunen, and interim CFO Tomi Närhinen. Interested parties are requested to register by noon on October 30. Teleste is a company specializing in broadband, security, and information technologies, with 2023 net sales of EUR 151.3 million and about 800 employees. It is listed on Nasdaq Helsinki.

Teleste Corporation announced its schedule for financial reporting and the Annual General Meeting in 2025. The Annual Report for 2024 will be available on their website during the 13th week of 2025. The Annual General Meeting is planned for April 23, 2025, in Helsinki, with the Board of Directors to officially summon the meeting later. Teleste, an international company in broadband, security, and information technologies, reported net sales of EUR 151.3 million in 2023 and employs around 800 people. The company is listed on Nasdaq Helsinki.

Teleste Corporation has announced the composition of its Shareholders' Nomination Board. According to the guidelines approved by the Annual General Meeting in 2020, the board members represent the company's three largest shareholders. The Nomination Board is responsible for preparing and presenting proposals on the election and remuneration of the Board of Directors to the Annual General Meeting, ensuring the board members have the necessary competence and experience. The proposals are to be submitted to Teleste’s Board of Directors by February 28, 2025. Teleste, an international company in broadband, security, and information technologies, reported net sales of EUR 151.3 million in 2023 and employs around 800 people. The company is listed on Nasdaq Helsinki.

Teleste has announced the successful shipment of the first 10,000 units of its intelligent ICON 1.8 GHz amplifiers to North American customers, marking a significant step in the deployment of DOCSIS 4.0 compliant technologies. These amplifiers, equipped with transponders, enable remote monitoring, management, and control of Outside Plant, optimizing network performance and reducing operational costs. Teleste's CEO, Esa Harju, highlighted the amplifiers' role in advancing smarter and more sustainable cable broadband networks. With increasing demand, Teleste has scaled up production to meet the needs of the North American market. The company will showcase these amplifiers at SCTE TechExpo24 in Atlanta. For more information, contact Hannele Ahlroos or visit Teleste’s website.

Teleste Corporation has issued a profit warning, lowering its financial guidance for 2024 due to lower-than-expected demand in the European Broadband Networks business. The company now estimates net sales for 2024 to be EUR 120–135 million and an adjusted operating result of EUR 1–4 million. This is a revision from the previous guidance, which estimated net sales of EUR 140-150 million and an adjusted operating result of EUR 3-6 million. Despite growth in North American delivery volumes, they will not fully offset the decline in Europe. Teleste has implemented cost-saving measures amounting to over 8 million euros annually and will temporarily reduce working hours for some European personnel. Investments in the North American market will continue as planned. Teleste specializes in broadband, security, and information technologies, and in 2023, it reported net sales of EUR 151.3 million with around 800 employees. The company is listed on Nasdaq Helsinki.