Brief: Teleste Q2 Adjusted Operating Result Falls To EUR 0.1 Million

Teleste Oyj

13/08/2020 06:35

Aug 13 (Reuters) - Teleste Oyj  TLT1V.HE :
    * REG-TELESTE CORPORATIONS'S HALF YEAR FINANCIAL REPORT 1
JANUARY
TO 30 JUNE 2020: NET SALES AND RESULT DECREASED DUE TO THE
COVID-19 PANDEMIC AND THE TECHNOLOGICAL TRANSFORMATION OF ACCESS
NETWORKS, CASH FLOW FROM OPERATIONS INCREASED
    * Q2 ADJUSTED OPERATING RESULT STOOD AT EUR 0.1 (2.3)
MILLION, A
DECREASE OF 93.5%
    * Q2 NET SALES CONTINUING OPERATIONS EUR 33.5 MILLION VERSUS
EUR
42.3 MILLION YEAR AGO
    * DUE TO COVID-19 PANDEMIC, MANY COUNTRIES IN TELESTE'S MAIN
MARKET AREA HAVE IMPOSED STRICT AND EXTENSIVE RESTRICTIONS ON
DAILY FUNCTIONING OF SOCIETY
    * AT PRESENT, IT IS EXTREMELY DIFFICULT TO ESTIMATE EXTENT
OF
NEGATIVE IMPACT OF PANDEMIC ON TELESTE'S NET SALES AND OPERATING
RESULT FOR FINANCIAL PERIOD 2020
    * WE ESTIMATE COMPANY'S COMPARABLE NET SALES AND COMPARABLE
ADJUSTED OPERATING RESULT OF CONTINUING OPERATIONS FOR 2020 WILL
REMAIN BELOW 2019 LEVEL

Source text for Eikon:  ID:nGNEYZlK3 
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