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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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    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

    Eltel signs a three-year frame agreement with Telia in Finland worth EUR 70 million

    Eltel’s Communication business in Finland has signed a three-year continuation of a current frame agreement with Telia regarding fixed and mobile telecom services. The agreement is worth about EUR 70 million.The agreement encompasses a wide range of service packages, including the construction, maintenance, and fault repair of fixed and mobile networks, as well as customer deliveries in Finland. This agreement is an extension of the current agreement between the companies. The new agreement will be taken into effect on April 1, 2025, and has a duration of three years, with an option for

    Eltel wins new major framework contract for construction, worth up to EUR 83 million

    Eltel and the Swedish Transport Administration have signed another major new framework agreement, this time for the construction of the Swedish Transport Administration's nationwide communications network. The undertaking applies to installation work all over Sweden.The maximum contract period is seven years, including four option years, with a value of up to EUR 83 million (SEK 950 million), where the initial three-year period is estimated at EUR 35 (SEK 400 million). The agreement will enter into force on 1 December 2025. The agreement covers installation work in the Swedish Transport

    Change in Eltel Group Management Team

    Thor-Egel Bråthen, Managing Director of Eltel Norway and part of Eltel Group Management team, will leave Eltel as of January 31. A recruitment process has been initiated to find a new leader for the Norwegian country unit.Eltel is the leading company in the Nordics when it comes to establishing and maintaining critical infrastructure. Eltel Norway is the third largest country unit, representing 14% of the company. It is the one of Eltel's markets that has been hardest hit by the reduced customer investments in Communication. “Thor-Egel Bråthen has had to put a great deal of effort into

    Eltel wins new framework agreement, worth up to EUR 82 million

    The Swedish Transport Administration has carried out a procurement of a new contract period for maintenance and fault rectification for the Swedish Transport Administration's nationwide communication network. Eltel has once again exclusively won this contract area, covering round-the-clock service for copper and fiber networks across the country.The maximum contract period is seven years, including four option years. The total value amounts to EUR 82 million, of which the value for the initial three-year period is estimated at EUR 35 million. The agreement will enter into force on 1

    Eltel appoints ABG Sundal Collier as liquidity provider

    Eltel AB (the “Company”) has appointed ABG Sundal Collier (“ABGSC”) as liquidity provider for the Company’s shares listed on Nasdaq Stockholm.The commitment takes place within the framework of Nasdaq Stockholm’s rules on liquidity providers. ABGSC undertakes to continuously during the opening hours quote prices for the Company’s share in accordance with the at all time prevailing minimum requirements for liquidity providers set out by Nasdaq Stockholm aiming at improving the liquidity of the share and reducing the spread. ABGSC’s assignment commences on December 4, 2024.   Further

    Eltel Group: Interim report January–September 2024

    July–September 2024 · Net sales EUR 210.3 million (213.4), a decrease of 1.4%. Organic growth1) was 4.0%, and organic growth in segments was 4.0% · Adjusted EBITDA EUR 19.0 million (13.6) · Adjusted EBITA2) EUR 8.2 million (5.9) and adjusted EBITA margin 3.9% (2.8) · Adjusted EBITA2) in segments EUR 9.8 million (6.8) and adjusted EBITA margin in segments 4.9% (3.5) · Items affecting comparability3) EUR -3.8 million (-0.9) · Operating result (EBIT) EUR 4.5 million (5.0) and EBIT margin 2.1% (2.3) · Net result EUR 0.3 million (1.8) · Earnings per share EUR -0.01 (0.

    Eltel’s Nomination Committee composition for the AGM 2025

    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 2024, 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 approx. 48.

    Invitation to Eltel’s Q3 2024 report presentation

    Eltel will publish its report for the period January-September 2024 on Thursday 31 October 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-September 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 delivers masts and towers to the Swedish Armed Forces in new framework agreement - worth up to EUR 35 million

    Eltel and the Swedish Armed Forces have signed a framework agreement for the manufacture of masts and towers, as well as parts for these. The agreement runs for two years with the possibility of extension for another 5 years and has an estimated ceiling volume of EUR 35 million (SEK 400 million) for the entire contract period, including options.Eltel's masts and towers are designed and constructed by Eltel's constructors in Arboga and manufactured in Sweden. Eltel already has agreements for maintenance of masts and towers, as well as agreements for installation and contracting services

    Eltel and Helen Electricity Network sign a five-year agreement worth EUR 50 million

    Eltel’s Power business in Finland has signed an agreement with Helen Electricity Network Ltd to construct and maintain Helsinki's electricity distribution network. The contract is valued at approximately EUR 50 million and includes grid design, construction, fault repair, maintenance, and documentation. The five-year agreement will commence on 1 April 2025, and has an option for three additional years.The long-term collaboration also fosters ongoing development efforts focused on sustainable and environmentally friendly practices. Eltel and Helen Electricity Network have agreed on several

    Eltel Group: Half-year report January–June 2024

    April–June 2024 · Net sales EUR 216.0 million (208.1). Total growth 3.8% and organic growth[1)] in segments 5.3% · Adjusted EBITDA EUR 8.4 million (5.6) · Adjusted EBITA[2)] EUR 0.5 million (-1.5) and adjusted EBITA margin 0.2% (-0.7) · Adjusted EBITA[2)] in segments EUR 3.6 million (2.1) and adjusted EBITA margin in segments 1.8% (1.1) · Operating result (EBIT) EUR 0.5 million (-1.5) and EBIT margin 0.2% (-0.7) · Net result EUR -2.7 million (-4.6) · Earnings per share EUR -0.02 (-0.03), basic and diluted · Cash flow from operating activities EUR -2.2 million (-2.2)

    Invitation to Eltel’s half-year 2024 report presentation

    Eltel will publish its report for the period January-June 2024 on Thursday 25 July 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-June 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 and a

    Eltel and Elisa renews important frame agreement in Finland

    Eltel Finland prolongs its partnership with Elisa, a leading Finnish telecommunications company,  and has renegotiated price and commercial terms in an open ended contract, with a frame agreement for the coming two years valued at approximately EUR 62 million.Eltel will provide end-to-end solutions, covering all aspects of mobile and fixed network operations across Finland. This includes network planning, construction, installation, and maintenance, ensuring seamless and high-quality telecommunications services for Elisa's customers.  The two-year extension is effective immediately,

    Eltel signs a three-year telecom frame agreement with Telenor in Norway

    Eltel’s Communication business in Norway has signed a three-year continuation of a current agreement with Telenor. The agreement covers field services in a frame agreement with an estimated value between EUR 90-180 million during the three year-period.The frame agreement is based on a model where Eltel will be responsible for a contracted volume of design, planning, service deliveries, installations and maintenance, for given geographical areas. “These are areas where we have favorable conditions for profitable operations, which is in line with our strategy to focus on margins rather

    Divestment of High Voltage Poland finalized

    The previously announced divestment of Eltel’s High Voltage business in Poland was finalised in the evening of June 6, following receipt of customary regulatory approval. With that, Eltel has now discontinued its business area High Voltage in Poland in full.On April 10, 2024, Eltel announced an agreement to divest its Polish High Voltage business to Mutares SE & Co. KGaA, a listed private equity investor headquartered in Munich, Germany. The transaction has been approved by the competition authorities in Poland and has now been finalized, which means that Mutares from June 6, 2024 has taken

    Resolutions by Eltel AB’s Annual General Meeting 2024

    Today, on 14 May 2024, Eltel AB (publ) held its Annual General Meeting (AGM) in Stockholm.The below is a summary of the resolutions passed at the AGM. The minutes from the AGM and complete resolutions will be available on the company’s website (eltelgroup.com ).   Adoption of financial statements, allocation of result and discharge from liability The AGM resolved to adopt the profit and loss statement and the consolidated profit and loss statement for the financial year 2023 as well as the balance sheet and consolidated balance sheet as of 31 December

    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

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