Brief: Teleste Oyj Says Now Estimates That Net Sales In 2023 Will Amount To EUR 145-152 Mln

Teleste Oyj

14/12/2023 17:37

Dec 14 (Reuters) - Teleste Oyj  TLT1V.HE :
    * TELESTE LOWERS ITS 2023 FINANCIAL GUIDANCE
    * ADJUSTED OPERATING RESULT IN 2023 WILL BE EUR 1-2 MILLION
EUROS
    * TELESTE NOW ESTIMATES THAT NET SALES IN 2023 WILL AMOUNT
TO EUR
145-152 MILLION
    * TELESTE-IMPLEMENT ANNUAL COST SAVINGS OF UP TO EUR 6
MILLION,
WHICH ARE ESTIMATED TO BE REALIZED IN PHASES FROM Q1 OF 2024,
DURING YEARS 2024-25
    * CUSTOMERS' ADDITIONAL ORDERS HAVE NOT BEEN REALIZED AS
EXPECTED,
AND SOME OF DELIVERIES AT END OF YEAR ARE MOVING TO BEGINNING OF
2024

Source text for Eikon:  ID:nWkr1t9DHM 
Further company coverage:  TLT1V.HE 

 ((Reuters.Briefs@thomsonreuters.com;))