Brief: Teleste Q3 Adj. Operating Result Down At EUR 1.1 Million

Teleste Oyj

03/11/2022 06:42

Nov 3 (Reuters) - Teleste Oyj  TLT1V.HE :
    * TELESTE CORPORATION INTERIM REPORT 1 JANUARY TO 30
SEPTEMBER
2022: STRONG CUSTOMER DEMAND CONTINUED, NET SALES INCREASED,
ADJUSTED OPERATING RESULT DECLINED DUE TO HIGHER COSTS
    * Q3 NET SALES AMOUNTED TO EUR 42.6 (32.3) MILLION
    * Q3 ADJUSTED OPERATING RESULT WAS EUR 1.1 (2.3) MILLION
    * Q3 OPERATING RESULT WAS EUR -4.8 (2.3) MILLION
    * ESTIMATES THAT NET SALES IN 2022 WILL REACH OR EXCEED
LEVEL OF
NET SALES OF 2021 AND THAT ADJUSTED OPERATING RESULT IN 2022
WILL REMAIN SIGNIFICANTLY BELOW ADJUSTED OPERATING RESULT OF
2021
    * WORSENED COMPONENT SHORTAGE, INCREASING COSTS AND
STRENGTHENED
USD EXCHANGE RATE HAVE A SIGNIFICANT ADVERSE EFFECT ON COMPANY'S
OPERATIONS AND RESULTS

Source text for Eikon:  ID:nWkr4RVL9Q 
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