Brief: Teleste Q2 Oper Result Swings To Profit EUR 1.1 Mln

Teleste Oyj

12/08/2021 06:39

Aug 12 (Reuters) - Teleste Oyj  TLT1V.HE :
    * REG-TELESTE CORPORATION'S HALF YEAR FINANCIAL REPORT 1
JANUARY
TO 30 JUNE 2021: NET SALES, ADJUSTED OPERATING RESULT AND ORDER
BACKLOG INCREASED
    * H1 SHR 0.25 EUR
    * Q2 NET SALES AMOUNTED TO EUR 35.8 (33.5) MLN, AN INCREASE
OF
6.8%
    * Q2 OPERATING RESULT AMOUNTED TO EUR 1.1 (-0.4) MLN
    * Q2 ORDERS RECEIVED TOTALLED EUR 43.9 (30.0) MLN, AN
INCREASE OF
46.0%
    * ESTIMATES THAT NET SALES OF CONTINUING OPERATIONS IN 2021
WILL
REACH OR EXCEED LEVEL OF 2020 AND THAT ADJUSTED OPERATING RESULT
WILL EXCEED ADJUSTED OPERATING RESULT OF 2020
    * NET SALES OF CONTINUING OPERATIONS IN 2020 WERE EUR 145.0
MLN,
AND ADJUSTED OPERATING RESULT WAS EUR 5.1 MLN
    * HOWEVER, COVID-19 PANDEMIC CONTINUES TO CAUSE UNCERTAINTY
AMONG
TELESTE'S CUSTOMERS AND IN COMPANY'S OWN OPERATIONS IN 2021
FINANCIAL PERIOD
    * DEVELOPMENT OF KEY FIGURES DURING Q2 WAS FAVOURABLE
COMPARED TO
REFERENCE PERIOD, WHICH WAS INFLUENCED BY COVID-19 PANDEMIC LAST
YEAR

Source text for Eikon:  ID:nGNE4H9JYm 
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