Inside information, profit warning: Teleste lowers its 2024 financial guidance, due to low demand in European Broadband Networks business
Teleste CorporationInside informationSeptember 16, 2024, at 15:00 EET INSIDE INFORMATION, PROFIT WARNING: TELESTE LOWERS ITS 2024 FINANCIAL GUIDANCE, DUE TO LOW DEMAND IN EUROPEAN BROADBAND NETWORKS BUSINESS Teleste Corporation lowers its guidance for the financial year 2024. New guidance for financial year 2024 Teleste now estimates that the net sales in 2024 will amount to EUR 120–135 million and that the adjusted operating result in 2024 will be EUR 1‒4 million. The main reason for the updated guidance is the continued lower-than-expected demand in the European