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  • Alexandra Kärnlund

    Director, Communications


    Adolfsbergsvägen 13, Bromma, POB 126 23, SE-112 92 Stockholm, Sweden
    +46 70 910 0903
    https://www.eltelgroup.com
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    Eltel and FMV sign new frame agreement – estimated value SEK 240 million

    Eltel and the Swedish Defence Materiel Administration have signed a framework agreement for installation and contracting services for FMV's air bases. The maximum contract period is seven years with an estimated value of SEK 240 million, of which the initial three-year period is estimated at SEK 120 million.The agreement covers the installation of data and telecommunications, as well as associated products in fixed infrastructure for passive telecommunications and communications networks.

    Eltel Group: Interim report January–March 2024

    January–March 2024 · Net sales EUR 176.3 million (188.4). Total growth -6.4% and organic growth1) in segments -4.0% · Adjusted EBITDA EUR 3.6 million (2.4) · Adjusted EBITA2) EUR -4.0 million (-5.5) and adjusted EBITA margin -2.3% (-2.9) · Adjusted EBITA2) in segments EUR -0.8 million (-2.1) and adjusted EBITA margin in segments -0.5% (-1.2) · Items affecting comparability EUR -23.2 million (-6.1) · Operating result (EBIT) EUR -27.2 million (-11.6) and EBIT margin -15.4% (-6.2) · Net result EUR -30.5 million (-15.1) · Earnings per share EUR -0.20 (-0.10), basic and

    Invitation to Eltel’s Q1 2024 report presentation

    Eltel will publish its report for the period January-March 2024 on Friday 26 April 2024 at approximately 08.00 am CEST. On the same day, we are inviting investors, analysts and media to a combined webcast and teleconference starting at 10:00 am CEST.The report for the period January-March 2024 will be presented by Eltel’s President and CEO Håkan Dahlström and CFO Tarja Leikas. The presentation will be held in English. Link to webcast: www.eltelgroup.com . You can access

    Notice to the Annual General Meeting 2024 in Eltel AB

    The shareholders of Eltel AB (publ) (reg. no. 556728-6652) (“Eltel”) are hereby given notice of the Annual General Meeting to be held on 14 May 2024 at 14:00 (CEST) in Inderes Event’s premises at Västra Trädgårdsgatan 19 in Stockholm.Notifications, etc. Shareholders who wish to participate in the Annual General Meeting shall:   · be registered in the share register kept by Euroclear Sweden AB on 3 May 2024; and · give notice of their intention to participate in the Annual General Meeting in accordance with the instructions under the heading Participation at the Annual General

    Eltel divests its High Voltage business in Poland

    Eltel has today signed an agreement to divest its Polish High Voltage business to Mutares SE & Co. KGaA, a listed private equity investor headquartered in Munich, Germany. The total value of the transaction for Eltel, including Mutares’ replacement of Eltel guarantees for the business, is about EUR 25 million. The transaction is expected to close during Q2, 2024 and is subject to customary regulatory approval.The transaction is estimated to have a negative cash flow effect of EUR 3.75 million and have a net negative result of approximately EUR 23.5 million on Group EBIT. In 2023, the net

    Eltel publishes Annual and Sustainability Report 2023

    Eltel has published its Annual and Sustainability Report for 2023 and it is now available on https://www.eltelgroup.com/investors/financial-reports-and-presentations/.Printed copies, in Swedish and English, are available as from week 17, and can be ordered at https://www.eltelgroup.com/media/order-printed-material/. For further information, please contact:Elin Otter, Director, Communications and Investor RelationsPhone: +46 72 59 54 692, elin.otter@eltelnetworks.com This information is information that Eltel AB is obliged to make public pursuant to the Swedish Securities Markets

    Change in Eltel's Group Management Team – Alexandra Kärnlund new Director of Communications

    Alexandra Kärnlund has been appointed as the new Director of Communications at Eltel and will be a member of the Group Management Team. Alexandra will assume her role in April 2024.Alexandra has more than 20 years of experience of working in leading communications roles and she currently serves a Communications Lead in the tech company Tietoevry. For the last ten years she has worked with strategic communications, public relations and corporate communications in global tech companies, and prior to that in the Med tech and media industries, as well as on the agency side.  – Alexandra

    Eltel Group: Full-year report January-December 2023

    October–December 2023 · Net sales EUR 240.2 million (224.0). Total growth 7.2% and organic growth1) in segments 10.9% · Adjusted EBITDA EUR 10.2 million (3.3) · Adjusted EBITA2) EUR 2.8 million (-4.0) and adjusted EBITA margin 1.2% (-1.8) · Adjusted EBITA2) in segments EUR 5.0 million (-1.8) and adjusted EBITA margin in segments 2.3% (-0.9) · Items affecting comparability EUR 0.1 million (0.0) · Operating result (EBIT) EUR 2.9 million (-4.0) and EBIT margin 1.2% (-1.8) · Net result EUR 10.3 million (-7.7) · Earnings per share EUR 0.06 (-0.05), basic and diluted ·

    Eltel and DNA renews one-year telecom frame agreement in Finland worth about EUR 12.5 million

    Eltel Finland has signed a renewal of an existing frame agreement with the Finnish telecommunications provider DNA. The one-year agreement is worth about EUR 12.5 million.Eltel’s scope of works covers both fixed and mobile network services, including design, installation, and maintenance of DNA’s services for both consumer and business customers in Southern Finland.  The agreement runs from January 2024 until the end of 2024, after which there is an option for one plus one additional years. For further information:Juha Luusua, Managing Director, Eltel FinlandPhone: +358 40 311

    Invitation to Eltel’s full-year 2023 report presentation

    Eltel will publish its report for the period January-December 2023 on Wednesday 14 February 2024 at approximately 08.00 am CET. On the same day, we are inviting investors, analysts and media to a combined webcast and teleconference starting at 10:00 am CET.The report for the period January-December 2023 will be presented by Eltel’s President and CEO Håkan Dahlström and CFO Tarja Leikas. The presentation will be held in English. Link to webcast: www.eltelgroup.com. You can access the teleconference by registering on the link below. After registration, you will be provided phone numbers

    Eltel’s Nomination Committee proposes Per Sjöstrand as new Chairman of the Board of Directors

    The Nomination Committee of Eltel AB (“Eltel”) has today resolved to propose that Per Sjöstrand be elected as new member and Chairman of the Board of Directors of Eltel at the Annual General Meeting 2024. The current Chairman of the Board of Directors Ulf Mattsson will continue to serve as Chairman of the Board of Directors for the period until the Annual General Meeting 2024 and has informed that he is not available for re-election as Board member after the Annual General Meeting. Eltel’s Annual General Meeting 2024 is planned to be held on 14 May 2024. The Nomination Committee’s other

    Eltel extends frame agreement with TDC Net in Denmark by two years worth about DKK 170 million, or EUR 23 million

    Eltel Denmark and TDC Net, Denmark's largest telecommunications provider have extended their collaboration for two years, with an option for an additional two years. The estimated order value is about DKK 170 million, about EUR 23 million.The agreement focuses on securing the telecommunications infrastructure throughout Denmark by continuously establishing fiber connections for both residential and commercial customers. The current agreement expires in February 2024, after which the new period of two years, until December 2025, begins. For further information: Claus Metzsch Jensen,

    Change in Eltel’s Group Management Team

    Elin Otter, Director of Communications and Investor Relations and member of Eltel's Group Management Team, has decided to leave Eltel for a position outside the company. A recruitment process to find her successor has been initiated.Elin will remain in her current role until May 2024, at the latest. “I want to thank Elin for her valuable contributions to Eltel. She has played a very important role in our leadership team, contributing to our strategy and its implementation. With her energy and drive, Elin has strengthened our external and internal communications, as well as our investor

    Change in the number of shares and votes

    Eltel AB (publ) ("Eltel") announces today that the total number of shares and votes in Eltel has increased by 2,354,500 class C shares and 235,450 votes, respectively.Prior to the issue, the total number of shares and votes in Eltel amounted to 158,231,081 shares and 156,886,211 votes, respectively. Eltel has, during November, issued 2,354,500 class C shares, which increased the share capital by EUR 2,374,508.032601. The issue of class C shares was carried out by virtue of the authorization granted by the Annual General Meeting on 11 May 2023. Eltel repurchased the class C shares

    Eltel and Equinor signs a four-year frame agreement to an estimated value of NOK 235 million, ca EUR 20 million

    Eltel Norway and Equinor, Norway’s largest oil and gas company, have signed a frame agreement regarding telecom-specific upgrade and modification services. Estimated value of the four-year agreement is NOK 235 million, about EUR 20 million.The frame agreement covers services regarding maintenance, modifications, and installations of telecommunication solutions. Eltel will deliver the services both on and between Equinor’s offshore installations and on onshore sites.  The contract period runs from 1 December 2023 until 31 December 2027, after which there is an option for an additional two

    Issue and re-purchase of class C shares for incentive program

    Eltel AB (publ) (“Eltel”) today announces that the Board of Directors has resolved, by virtue of the authorisations by the Annual General Meeting held on 11 May 2023, to issue and immediately thereafter re-purchase 2,354,500 class C shares. The shares are issued and re-purchased in accordance with the renewed authorisation regarding the incentive program LTIP 2022 that the Annual General Meeting on 11 May 2023, resolved upon and in accordance with the incentive program LTIP 2023 which was adopted by the Annual General Meeting held on 11 May 2023.Nordea Bank Abp, filial i Sverige, will

    Change in Eltel's Group Management Team – Caroline Lindgren new General Counsel

    Caroline Lindgren has been appointed as the new General Counsel and Head of Sourcing at Eltel and will be a member of the Group Management Team. Caroline will assume her role no later than 1 February 2024.Caroline has 20 years of experience in securities law and corporate law, commercial agreements, compliance, and M&As. She currently serves as Head of Legal at Sweco Sweden. Previously, Caroline has also been an attorney at Mannheimer Swartling Advokatbyrå. – Caroline possesses the experience and qualities needed for this role and I am convinced her leadership will contribute to taking

    Eltel Group: Interim report January–September 2023

    July–September 2023 •          Net sales EUR 213.4 million (207.0). Total growth 3.1% and organic growth1) in segments 8.3% •          Adjusted EBITDA EUR 13.6 million (11.5) •          Adjusted EBITA2) EUR 5.9 million (4.1) and adjusted EBITA margin 2.8% (2.0) •          Adjusted EBITA2) in segments EUR 6.8 million (6.6) and adjusted EBITA margin in segments 3.5% (3.6) •          Items affecting comparability EUR -0.9 million (0.0) •          Operating result (EBIT) EUR 5.0 million (4.1) and EBIT margin 2.3% (2.0) •          Net result EUR 1.8 million (-0.3) •

    Eltel’s Nomination Committee composition for the AGM 2024

    Pursuant to the instruction for Eltel AB´s Nomination Committee the company shall have a Nomination Committee comprising one representative for each of the four largest shareholders, registered with Euroclear Sweden AB on the last banking day in August the year before the Annual General Meeting (AGM).On 31 August 2023, the four largest shareholders of Eltel AB were Solero Luxco S.á.r.l. (a company controlled by Triton Funds), Wipunen Varainhallinta Oy, the Fourth Swedish National Pension Fund (AP4), and Heikintorppa Oy. All of the shareholders referred to above together represent 48.2% of

    Invitation to Eltel’s Q3 2023 report presentation

    Eltel will publish its report for the period January-September 2023 on Thursday 2 November 2023 at approximately 08.00 am CET. On the same day, we are inviting investors, analysts and media to a combined webcast and teleconference starting at 10:00 am CET.The report for the period January-September 2023 will be presented by Eltel’s President and CEO Håkan Dahlström and CFO Tarja Leikas. The presentation will be held in English. Link to webcast: www.eltelgroup.com. You can access the teleconference by registering on the link below. After registration, you will be provided phone numbers

    Eltel builds transmission line in Finland to a value of about EUR 23 million

    Eltel Finland has signed an agreement with Fingrid, Finland’s national transmission system operator, to build a 74 km long transmission line. The contract is worth about EUR 23 million.The new 400+110 kV transmission line will run in the mid-Eastern region of Finland and will further strengthen the energy efficiency and capacity of the transmission grid as the Finnish renewable energy transition progresses. The project will start in the fourth quarter of 2023 and will be completed by the end of 2026. The project is part of Fingrid’s Järvilinja (Lake Line) and is yet another major

    Eltel and FMV signs a three-year frame agreement at an estimated value of SEK 320 million, about EUR 27 million

    Eltel Sweden and the Swedish Defense Materiel Works, FMV, have signed a frame agreement regarding installation and contracting services for FMV's garrisons throughout the country. Estimated value of the three-year agreement is about SEK 320 million, EUR 27 million.The agreement covers the installation of data and telecommunications, including maintenance services, and associated products within fixed infrastructure for passive telecommunications and communications networks. The contract period runs from September 2023 until September 2026, after which there is an option for four

    Eltel signs one-year agreement with Telia in Finland worth about EUR 30 million

    Eltel Finland has entered into a one-year extension of its ongoing delivery agreement with Telia Finland, covering fixed and mobile telecom services. The agreement is worth about EUR 30 million.Through this agreement, Eltel continues to be Telia’s partner for a wide range of telecom services, including 5G rollout, fixed and mobile networks construction, installation and maintenance. The extension will be in effect for one year, beginning on 1 April 2024. For further information:Juha Luusua, Managing Director, Eltel FinlandPhone: +358 40 311 3005, juha.luusua@eltelnetworks.com Elin

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