Brief: Teleste Q3 Adjusted EBIT Rises to EUR 2.3 Mln

Teleste Oyj

04/11/2021 06:46

Nov 4 (Reuters) - Teleste Oyj  TLT1V.HE :
    * REG-TELESTE 1-9/2021:  ADJUSTED OPERATING RESULT ON PAR
WITH THE
REFERENCE PERIOD, NET SALES DECREASED, COMPONENT AVAILABILITY
RESTRICTED DELIVERIES, STRONG GROWTH IN ORDERS RECEIVED.
    * Q3 NET SALES EUR 32.3 MILLION VERSUS EUR 35.7  MILLION
YEAR AGO
    * Q3 ADJUSTED OPERATING RESULT WAS EUR 2.3 (2.2) MILLION, AN
INCREASE OF 2.6%
    * Q3 ADJUSTED OPERATING PROFIT EUR 2.3 MILLION VERSUS EUR
2.2
MILLION YEAR AGO
    * ESTIMATES THAT NET SALES OF CONTINUING OPERATIONS IN 2021
WILL
REACH LEVEL OF 2020 AND THAT ADJUSTED OPERATING RESULT WILL
EXCEED ADJUSTED OPERATING RESULT OF 2020
    * OUTLOOK FOR 2021 UPDATED
    * ESTIMATES THAT NET SALES OF CONTINUING OPERATIONS IN 2021
WILL
REACH LEVEL OF 2020

Source text for Eikon:  ID:nGNE1SXfd8 
Further company coverage:  TLT1V.HE 

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