Brief: Teleste Lowers Its Guidance For The Financial Year 2024

Teleste Oyj

16/09/2024 13:03

Sept 16 (Reuters) - Teleste Oyj  TLT1V.HE :
    * INSIDE INFORMATION, PROFIT WARNING: TELESTE LOWERS ITS
2024
FINANCIAL GUIDANCE, DUE TO LOW DEMAND IN EUROPEAN BROADBAND
NETWORKS BUSINESS
    * NEW GUIDANCE: NET SALES EUR 120-135 MILLION, OPERATING
RESULT
EUR 1-4 MILLION
    * REASON FOR GUIDANCE CUT: CONTINUED LOWER-THAN-EXPECTED
DEMAND IN
EUROPEAN MARKET FOR BROADBAND NETWORKS BUSINESS
    * PREVIOUS GUIDANCE: NET SALES EUR 140-150 MILLION,
OPERATING
RESULT EUR 3-6 MILLION IN 2024

Source text for Eikon:  ID:nWkrbgjv1M 
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