Brief: Teleste Q3 Adjusted Operating Result Falls To EUR 2.2 Mln

Teleste Oyj

29/10/2020 06:35

Oct 29 (Reuters) - Teleste Oyj  TLT1V.HE :
    * REG-TELESTE 1-9/2020: NET SALES AND RESULT DECREASED DUE
TO THE
COVID-19 PANDEMIC AND THE TECHNOLOGICAL TRANSFORMATION OF ACCESS
NETWORKS, PROGRESS MADE WITH THE CABLEWAY DIVESTMENT
    * Q3 CONTINUING OPERATIONS NET SALES AMOUNTED TO EUR 35.7
(40.2)
MILLION, A DECREASE OF 11.3%
    * Q3 ADJUSTED OPERATING RESULT STOOD AT EUR 2.2 (3.1)
MILLION, A
DECREASE OF 27.9%
    * 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:nGNE68wsnF 
Further company coverage:  TLT1V.HE 

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