Sweden · Delayed Price · Currency is SEK Eltel AB Earnings Call Transcripts
Fiscal Year 2026
-
Q1 delivered strong revenue and profitability growth, with Emerging Services now 23% of sales and Finland leading gains. Major contracts and a broader customer base support a positive outlook, though input costs and communication segment pressures remain.
Fiscal Year 2025
-
Q4 and full-year results showed strong growth in Sweden and solid profitability in Finland, with group adjusted EBITDA doubling year-over-year. Norway returned to positive EBITDA, and new business areas now account for 11% of net sales. Confidence remains high in reaching a 5% EBITDA margin within 12–18 months.
-
Historic profitability achieved with record adjusted EBITDA, driven by operational excellence and growth in new business areas like solar and data centers. Finland led performance, while Norway returned to profitability. Net debt rose due to refinancing.
-
Profitability improved for the eighth consecutive quarter, with all segments contributing despite a 7% drop in net sales. Sweden led growth, while new business and public sector contracts drove diversification and higher margins. Refinancing strengthened liquidity and operational flexibility.
-
Profitability improved for the seventh consecutive quarter, with strong gains in Sweden, Denmark, Germany, and Finland, while Norway remains a focus for recovery. Cash flow and leverage improved significantly, and growth in green energy and public infrastructure is driving new business.
Fiscal Year 2024
-
Profitability improved significantly in Q4 2024, with adjusted EBITDA more than doubling year-over-year and leverage reduced to target levels. Strong order intake and successful delivery of major solar and BESS projects position the company for growth, despite ongoing restructuring in Norway and legacy contract challenges in Finland.
-
The company is strengthening its position in communications and power infrastructure, expanding into renewables, e-mobility, and data centers. Financial performance is improving, with new business areas expected to contribute half of revenues and deliver higher margins in coming years.
-
Solid Q3 performance with 4% organic net sales growth and record Adjusted EBITDA, led by Finland and Sweden. Market uncertainty and delayed customer decisions, especially in new energy, have led to removal of the 2025 profitability target timeline, but strategic progress and cash flow improvements continue.
-
Group net sales grew 3.8% year-over-year, with strong gains in power and new business areas offsetting communication declines. Profitability and cash flow improved, and the order book reached EUR 1.3 billion after securing major contracts and divesting High Voltage Poland.