US/UK/Canada

Share

Contacts

  • Alexandra Kärnlund

    Director, Communications


    Adolfsbergsvägen 13, Bromma, POB 126 23, SE-112 92 Stockholm, Sweden
    +46 70 910 0903
    https://www.eltelgroup.com
    • Pick a time period -
    Tags ( Active)

    Eltel signs frame agreement for connection and metering services with E.ON

    E.ON and Eltel have signed a new frame agreement for connection and metering services in five of E.ON's geographical areas. The maximum contract period is six years, including the possibility of an extension for three years. The value of the initial three-year period is estimated to EUR 24.6 million.The work includes both new constructions and increased capacity for existing households and will begin in February 2026. Through the new agreement, Eltel further strengthens its leading role in critical infrastructure and contributes together with E.ON to the electrification of Sweden.

    Eltel AB (publ) announces completion of settlement for tender offer and cancellation of repurchased hybrid bonds

    On 10 June 2025, Eltel AB (publ) (the "Company") announced that in conjunction with an intended issue of new EUR denominated senior secured floating rate bonds (the "New Bonds"), it was offering holders of the Company’s existing sustainability-linked capital securities with ISIN SE0019914250 (the "Hybrid Bonds") to tender any and all of their Hybrid Bonds for purchase by the Company for cash at a price of 106.50% (plus accrued but unpaid interest) subject to the terms and conditions set forth in the tender information document dated 10 June 2025 (the "Tender Information Document") (the "

    Eltel signs Data Center contract with Hyperco valued at EUR 16 million

    Eltel has been awarded a contract to build grid connections for Hyperco’s new Data Center in Kouvola, Finland. The contract includes turnkey delivery of a 110 kV substation and cabling from the Hyperco’s Data Center site to the Fingrid substation. The contract value is estimated to EUR 16 million.Eltel’s Data Center offerings combine the company’s competences in Power and Communications, providing comprehensive and efficient life-cycle services both inside and outside of the Data Center. The construction work is set to begin in summer 2025, with Eltel’s share of the work planned for

    Eltel AB (publ) announces successful issue of new bonds in an amount of EUR 130 million and the outcome of the tender offer

    Eltel AB (publ) (the "Company") has, following a bookbuilding process, successfully placed a senior secured bond issue in an amount of EUR 130 million with a tenor of four (4) years (the "Bond Issue" or the "Bonds"). The Bonds carry floating rate interest of 3m EURIBOR plus a margin of 5.25% and were placed at par. The transaction was met with strong demand from new and existing institutional investors.Settlement of the Bond Issue is expected to be on or about 24  June 2025 and the Company intends to apply for listing of the Bonds on Nasdaq Stockholm. Further, the Company is announcing

    Eltel AB (publ) announces expiration date for tender offer and initiation of book building process for new senior secured floating rate bonds

    On 10 June 2025, Eltel AB (publ) (the "Company") announced that in conjunction with an intended issue of new EUR denominated senior secured floating rate bonds (the "New Bonds"), it was offering holders of the Company’s existing sustainability-linked capital securities with ISIN SE0019914250 (the "Existing Hybrid Bonds") to tender any and all of their Existing Hybrid Bonds for purchase by the Company for cash at a price of 106.50% (plus accrued but unpaid interest) subject to the terms and conditions set forth in the tender information document dated 10 June 2025 (the "Tender Information

    Eltel AB (publ) contemplates issuance of senior secured bonds and announces conditional tender offer for its outstanding sustainability-linked hybrid bonds

    Eltel AB (publ) ("Eltel" or the "Company") has mandated Arctic Securities AS, filial Sverige, Danske Bank A/S, Danmark, Sverige Filial, Nordea Bank Abp and OP Corporate Bank plc as Joint Bookrunners to arrange a series of fixed income investor meetings commencing on 11 June 2025 to investigate the possibility to issue senior secured floating rate bonds denominated in an expected amount of EUR 120,000,000 and with a tenor of 4 years (the "New Bonds"). A capital markets transaction may follow, subject to, inter alia, market conditions.The net proceeds from the contemplated issue of New Bonds

    Change in Eltel’s Group Management Team: Yathukulan Kankesan appointed new Managing Director for Eltel Denmark & Germany

    As Claus Metzsch Jensen, Managing Director for Eltel Denmark & Germany has decided to pursue an opportunity outside Eltel, Yathukulan Kankesan has been appointed new Managing Director for the Country Unit and will be a part of the Group Management.Yathukulan Kankesan, ‘Tuk’, has been with Eltel since 2007, holding several different managerial positions. He is currently Director of Group Shared Services and prior to that he was the CFO for Eltel Denmark for many years. “I am happy to welcome Tuk to our Group Management Team, as well as to the Managing Director role for our country unit

    Resolutions by Eltel AB’s Annual General Meeting 2025

    Today, on 13 May 2025, Eltel AB held its Annual General Meeting in Stockholm.The below is a summary of the material resolutions passed at the Annual General Meeting. The minutes from the Annual General Meeting and complete resolutions will be available on the company’s website (eltelgroup.com ). Adoption of financial statements, appropriation of result and discharge from liability The meeting resolved to adopt the profit and loss statement and the consolidated profit and loss statement for the financial year 2024 as well as the balance sheet and consolidated

    Change in Eltel’s Group Management Team: Klas Elmberg appointed new Managing Director for Eltel Sweden

    Klas Elmberg has been appointed Managing Director for Eltel Sweden and will be a part of the Group Management Team. Klas will take on his new role on August 1.Klas Elmberg comes most recently from a role as Group CEO for the property damage restoration company Ocab. Prior to that, he has held several leading roles within Coor for 14 years, such as Deputy CEO Coor Sweden, CEO Coor Norway, and most recently Group CFO. Klas also has experience as a management consultant at Accenture. “I’m very pleased to welcome Klas to our Swedish team as well as to Eltel’s Group Management Team. Klas’

    Eltel Group: Interim report January–March 2025

    January–March 2025 · Net sales EUR 169.6 million (176.3), a decrease of 3.8%. Organic growth1) was 0.6% · Adjusted EBITDA EUR 7.8 million (3.6) · Adjusted EBITA2) EUR 0.9 million (-4.0) and adjusted EBITA margin 0.5% (-2.3) · Adjusted EBITA2) in segments3) EUR 3.7 million (-0.3) and adjusted EBITA margin in segments3) 2.2% (-0.2) · Items affecting comparability4) EUR -0.6 million (-23.2) · Operating result (EBIT) EUR 0.3 million (-27.2) and EBIT margin 0.2% (-15.4) · Net result EUR -2.7 million (-30.5) · Earnings per share EUR -0.02 (-0.20), basic and diluted ·

    Eltel sign frame agreement the Norwegian Defence Materiel Administration

    Eltel and the Norwegian Defence Materiel Administration have entered into a new framework agreement for installation services and materials worth about EUR 8.4 million.Eltel has been selected as the supplier for installation services and materials, with the agreement set to last 2 years, with an option for 2 more years. Security and sustainability are key factors in the new framework agreement, effective from April 2025. The purpose of the procurement is to meet the Armed Forces' needs for installation services for new establishment, expansions, changes and repairs of cable systems and

    Invitation to Eltel’s Q1 2025 report presentation

    Eltel will publish its report for the period January-March 2025 on Wednesday 30 April 2025 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 2025 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 and a

    Change in Eltel’s Group Management Team

    Lars Nilsson, Managing Director of Eltel Sweden and member of of Eltel's Group Management Team, has decided to leave Eltel to pursue opportunities outside the company. A recruitment process to find his successor has been initiated.“I want to thank Lars for his valuable contributions to the company. Lars has played a key role in ceasing opportunities on the Swedish market leading to the expansion of our customer base in Public infra and defense, as well as to the establishment of Eltel as a trusted turnkey provider in Solar PV and e-Mobility,” says Håkan Dahlström, President and CEO at Eltel

    Notice to the Annual General Meeting 2025 in Eltel AB

    The shareholders of Eltel AB (reg. no. 556728-6652) (“Eltel”) are hereby given notice of the Annual General Meeting to be held on 13 May 2025 at 14:00 (CEST) in Inderes Event’s premises at Västra Trädgårdsgatan 19 in Stockholm, Sweden.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 5 May 2025; 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

    The Nomination Committee of Eltel AB proposes Riitta Palomäki as new member of the Board of Directors

    The Nomination Committee of Eltel AB has resolved to propose that Riitta Palomäki shall be elected as new member of the Board of Directors at the Annual General Meeting 2025. In addition, the Nomination Committee has resolved to propose that Johan Nordström, Joakim Olsson, Erja Sankari, Per Sjöstrand and Roland Sundén shall be re-elected as members of the Board of Directors, and that Per Sjöstrand shall be re-elected as Chairman of the Board of Directors at the Annual General Meeting 2025. The current member of the Board of Directors Ann Emilson has notified that she is not available for re-

    Eltel publishes Annual and Sustainability Report 2024

    Eltel has published its Annual and Sustainability Report for 2024 and it is now available on https://www.eltelgroup.com/investors/financial-reports-and-presentations/.“2024 was a year of improved profitability and solid progress on our strategy across the Nordics,” says Håkan Dahlström, President and CEO of Eltel. For further information, please contact:Alexandra Kärnlund, Director, CommunicationsPhone: +46 70 910 0903, alexandra.karnlund@eltelnetworks.com This information is information that Eltel AB is obliged to make public pursuant to the Swedish Securities Markets Act. The

    Eltel improves the network capacity on the Öresund Bridge

    Eltel and Öresundsbro Konsortiet have signed a frame agreement for the upgrade of the Öresund Bridge's fiber network. The agreement is estimated to be worth approximately SEK 30 million.Eltel's assignment involves upgrading the fiber infrastructure on the entire connection, thereby increasing the capacity of the network. Eltel has previously worked on the bridge in connection with the construction of an antenna system that reinforces and complements the base stations on each coastal stretch and extends across the entire connection. “We are of course very proud to be entrusted with

    Eltel Group: Full-year report January-December 2024

    October–December 2024 · Net sales EUR 226.1 million (240.2), a decrease of 5.9%, mainly due to the divestment of High Voltage Poland. Organic growth1) was -2.0%, and organic growth in segments was 0.0% · Adjusted EBITDA EUR 14.2 million (10.2) · Adjusted EBITA2) EUR 5.7 million (2.8) and adjusted EBITA margin 2.5% (1.2) · Adjusted EBITA2) in segments EUR 8.6 million (5.0) and adjusted EBITA margin in segments 4.0% (2.3) · Items affecting comparability3) EUR -1.6 million (0.1) · Operating result (EBIT) EUR 4.2 million (2.9) and EBIT margin 1.9% (1.2) · Net result EUR 3.

    Eltel selected to construct Finland's second largest solar power plant for Taaleri Energia, valued at EUR 73.5 million

    Eltel has been selected by Taaleri Energia for the construction of the Hallanvahti solar power plant in Joroinen. Hallanvahti will be Finland's second largest solar power plant with a capacity of 129 MWp. The total value of the contract for Eltel is EUR 73.5 million.Hallanvahti solar park is carried out as a turnkey contract, which includes the establishment of the solar park, transformer station, and the connection to the main grid, as well as responsibility for the operation and maintenance of the plant.  With an estimated annual electricity production of approximately 140 GWh, the solar

    Invitation to Eltel’s full-year 2024 report presentation

    Eltel will publish its report for the period January-December 2024 on Friday 14 February 2025 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 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 the teleconference by registering on the link below. After registration, you will be provided phone numbers

    Eltel sends 38 technicians to Ireland to assist ESB Networks with Storm Éowyn restoration efforts

    This morning, 38 skilled Eltel technicians landed in Dublin to support ESB Networks in restoring electricity supplies following the unprecedented damaged caused by Storm Éowyn. From Dublin, the skilled technicians will travel to the North-West of Ireland which is one of the mostly severely impacted areas.Eltel’s team of technicians were assembled over the weekend from teams located across Finland. The technicians’ tools and equipment were delivered to Ireland on a charter cargo flight, which also arrived in Ireland today, Tuesday. Following Storm Éowyn, approximately 600,000 customers (as

    Change in Eltel’s Group Management Team: Ingrid Therese Tjøsvold appointed new Managing Director for Eltel Norway

    Ingrid Therese Tjøsvold has been appointed Managing Director for Eltel Norway and will be a part of the Group Management Team. Ingrid will take on her new role on February 10.Press release 15.1 2025 at 9:00 CET Change in Eltel’s Group Management Team: Ingrid Therese Tjøsvold appointed new Managing Director for Eltel Norway Ingrid Therese Tjøsvold has been appointed Managing Director for Eltel Norway and will be a part of the Group Management Team. Ingrid will take on her new role on February 10. Ingrid Therese Tjøsvold has more than 25 years’ experience from senior management

    Eltel enters a new partnership agreement with Avinor for the delivery of telecom and electrical installations

    Eltel has signed a new partnership agreement with Avinor for the delivery of telecom installations and electrical services for 20 of Avinor's airports in Norway, including Oslo airport.The agreement is valid for three years, with an option for up to an additional five years. The contract value is estimated at approximately EUR 20 million (NOK 240 million) in total, with the first three years accounting for about EUR 8 million (NOK 90 million).The agreement entered into force on December 16, 2024, and builds on a long-standing and strong collaboration between Eltel and Avinor. A key

    There are no items matching the current filter
    There are no more items matching the current filter
    Back to top

    Subscribe

    Media