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Eltel AB (ELTEL.ST)

ELTEL.ST on Stockholm Stock Exchange

28.20SEK
11 Dec 2017
Change (% chg)

0.20kr (+0.71%)
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Latest Key Developments (Source: Significant Developments)

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

Eltel's power transmission business wins five contracts in Finland
Tuesday, 23 Aug 2016 

Eltel AB : Eltel's power transmission business wins five new contracts in Finland . Total value is of about 18 million euros ($20.4 million) .Projects will be executed during 2016 - 2018.  Full Article

Eltel Q2 EBITA falls to EUR 5.7 million
Friday, 19 Aug 2016 

Eltel AB : Q2 net sales 369.0 million euros ($418 million) versus 307.8 million euros year ago .Q2 EBITA 5.7 million euros versus 14.0 million euros year ago.  Full Article

Eltel: Q2 EBITA to be impacted by EUR 10 million provision
Tuesday, 16 Aug 2016 

Eltel AB : Q2 2016 results to be impacted by 10 million euro ($11.2 million) provision in one rail project in Norway . Provision of 10 million euros will negatively affect Eltel's operative EBITA in Q2 . In Q2, during delivery inspections in one of these projects, unsatisfactory technical quality and an increased volume of additional work to complete delivery were identified . Overall bad project execution originally derives from too fast ramp up of two parallel rail projects. These were started as Eltel entered the rail business in Norway in 2013-2014 .Expects final project to be delivered to customer during 2016.  Full Article

BRIEF-HiQ International and Eltel Expand Their Cooperation To Poland

* ‍HIQ ESTABLISHES A NEW UNIT IN POLAND TO SUPPORT ELTEL'S INTERNATIONAL BUSINESS.​