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Eltel AB (ELTEL.ST)

ELTEL.ST on Stockholm Stock Exchange

26.48SEK
23 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Eltel To Divest Rail Business Operations In Denmark
Friday, 29 Dec 2017 

Dec 29 (Reuters) - Eltel Ab ::ELTEL SIGNS A LETTER OF INTENT TO DIVEST ITS RAIL BUSINESS OPERATIONS IN DENMARK.UNDER LETTER OF INTENT, PARTIES AIM TO FINALISE DEFINITIVE TRANSACTION BY 31 JANUARY 2018.‍PARTIES AIM TO FINALISE DEFINITIVE TRANSACTION BY 31 JANUARY 2018.​.CONTRACT IS VALID UNTIL MARCH 2019 WITH A ONE-YEAR PROLONGATION OPTION.NEGATIVE CASH FLOW EFFECT OF DKK 18 MILLION, EXPECTED TO OCCUR IN THE FOURTH QUARTER 2017 AND Q1 2018.  Full Article

Eltel Wins Two-Year Contract With Telia In Finland
Friday, 22 Dec 2017 

Dec 22 (Reuters) - Eltel Ab ::ELTEL WINS A TWO-YEAR NATIONWIDE SERVICE CONTRACT WITH TELIA IN FINLAND.WON A TWO-YEAR SERVICE CONTRACT WITH TELIA FINLAND OYJ AT AN EXPECTED VALUE OF APPROXIMATELY EUR 30 MILLION PER YEAR.  Full Article

Eltel Signs Amendment To LoI To Divest Power Transmission International
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - Eltel Ab ::ELTEL SIGNS AN AMENDMENT TO THE LETTER OF INTENT TO DIVEST POWER TRANSMISSION INTERNATIONAL.ELTEL AB - TOTAL COST FOR ELTEL OF DISCONTINUING POWER TRANSMISSION INTERNATIONAL IS ESTIMATED TO AMOUNT TO ABOUT EUR 40 MILLION.ELTEL AB - RAMP DOWN AND DISCONTINUATION PROCESS IS EXPECTED TO BE COMPLETED IN 2019.ELTEL AB - NEGATIVE FINANCIAL EFFECT OF TRANSACTION IS EXPECTED TO BE LOWER THAN ESTIMATED TOTAL RAMP DOWN COST OF EUR 40 MILLION.ELTEL AB - UNDER AMENDED LETTER PARTIES NOW AGREE TO EXTEND SIGNING AND COMPLETION OF TRANSACTION TO OCCUR BEFORE FEB-END.  Full Article

HiQ International and Eltel Expand Their Cooperation To Poland
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - Hiq International Ab ::ELTEL AND HIQ EXPAND THEIR COOPERATION TO POLAND.‍HIQ ESTABLISHES A NEW UNIT IN POLAND TO SUPPORT ELTEL'S INTERNATIONAL BUSINESS.​.‍HIQ TEAM SUPPORTS ELTEL'S BUSINESS-DRIVEN IT PROJECTS IN POLAND​.  Full Article

Eltel sells its rail business operations in Finland
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - ELTEL AB ::ELTEL TO SELL ITS RAIL BUSINESS OPERATIONS IN FINLAND.‍TO SELL ITS FINNISH RAIL BUSINESS OPERATIONS TO GRANIITTIRAKENNUS KALLIO OY​.‍PURCHASE PRICE AMOUNTS TO EUR 8.5 MILLION​.‍TRANSACTION IS ESTIMATED TO POSITIVELY IMPACT GROUP EBITA BY APPROXIMATELY 4 MILLION EUR IN Q1 OF 2018​.  Full Article

Eltel Q3 EBITDA down at EUR 3.1 mln
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - ELTEL AB :Q3 NET SALES EUR ‍328.0​ MILLION VERSUS EUR 356.2 MILLION YEAR AGO.Q3 EBITA EUR ‍3.1​ MILLION VERSUS EUR 7.8 MILLION YEAR AGO.  Full Article

Eltel undertakes structural, managerial changes
Friday, 10 Feb 2017 

Eltel AB : Eltel makes structural and managerial changes in the power and communication segments . A unit heading projects mainly in Africa will be extracted and separately managed by new group project function . The fixed and mobile communication business units will be merged .The merger is expected to result in positive financial impact from 2018.  Full Article

Eltel expects Q3 EBITA of EUR 8 mln
Friday, 14 Oct 2016 

Eltel AB : Q3 and full-year 2016 result significantly impacted by previously communicated challenges in certain projects . Q3 2016 EBITA is expected to be about 8 million euros ($9.0 million) . Estimates that EBITA for full year 2016 will be in range of 27 million-32 million euros, indicating an EBITA for Q4 in range of 10 million-15 million euros .Within power segment, it is estimated that net sales from power transmission will decrease in 2017 compared to level in 2016.  Full Article

Eltel wins a three-year contract of about EUR 18 mln in Finland
Tuesday, 27 Sep 2016 

Eltel AB : Eltel's power distribution business wins a three year contract in Finland at a value of approximately 18 million euros ($20 million) . Contract period starts in Feb. 2017 and runs until Jan. 2020 .Contract also includes options for two additional two-year periods until Jan. 2024.  Full Article

Eltel appoints Håkan Kirstein new CEO
Friday, 26 Aug 2016 

Eltel AB : Appointed Håkan Kirstein as Eltel's new president and CEO . Axel Hjärne will stay on in his position as CEO until Sept. 18, 2016 . Kirstein will commence in his new position on Sept. 19, 2016 . Kirstein held position as CEO of Niscayah Group AB .Kirstein had an interim assignment as CEO of Imtech Nordic AB.  Full Article

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J. Murphy & Sons buys Carillion's UK power business

Britain's J. Murphy & Sons Limited has bought Carillion's UK power framework business for an undisclosed sum, the privately held engineering and construction company said on Wednesday.