Finland · Delayed Price · Currency is EUR Teleste Oyj Earnings Call Transcripts
Fiscal Year 2026
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Revenue and order intake rose sequentially, with profitability improving year-over-year. Networks segment excelled in Europe, while Public Safety and Mobility expects a rebound in H2. Full-year guidance remains unchanged, with strong order pipelines and strategic investments supporting future growth.
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Q1 2026 saw flat revenue but improved profitability, driven by margin protection and cost control, with Networks segment growth offsetting PSM project delays. Cash flow was temporarily negative due to inventory and customer payment timing, but full-year guidance and long-term targets remain intact.
Fiscal Year 2025
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Year-on-year profit and net sales grew strongly, led by North America and improved margins. Cash flow, debt, and key ratios improved, with cautious Q4 guidance due to project timing. Manufacturing expansion to Mexico aims to manage tariffs and support growth.
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Profitability improved year-over-year despite lower revenue, driven by cost savings and a leaner structure. Strong order growth in North America, especially in broadband networks, supports a positive outlook, though U.S. tariffs introduce some uncertainty.