Teleste renews its segment structure and financial reporting

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Teleste Corporation

Stock release

April 25, 2024, at 9:00 a.m. EEST

 

TELESTE RENEWS ITS SEGMENT STRUCTURE AND FINANCIAL REPORTING

 

Teleste changes its internal reporting practices. In addition, the company has launched a change project to align the group's legal entity structure and operational structure. During the project, business transfers will be carried out in Finland and abroad. As a result of the changes, two operating segments will be formed in accordance with the IFRS standards: Broadband Networks and Public Safety and Mobility.

 

Teleste will report its key financial figures according to the new segment structure from the first interim report of 2024. The group's reported segments correspond to the group's operating segments. The group's common functions are treated outside the segment reporting.

 

Comparable figures for 2023 according to the new segment structure

 

Net sales,

1000 EUR

1‒3

2023

 4-6

2023

7-9

2023

10-12

2023

1-12

2023

Broadband Networks

30 428

25 756

21 068

15 384

92 455

Public Safety and Mobility

14 913

14 527

14 170

15 283

58 894

Non-allocated

0

0

0

0

0

Total

45 341

40 103

35 238

30 667

151 349

 

Adjusted EBITDA,

1000 EUR

1‒3

2023

 4-6

2023

7-9

2023

10-12

2023

1-12

2023

Broadband Networks

3 371

2 718

1 627

1 187

8 902

Public Safety and Mobility

708

800

943

313

2 763

Non-allocated

-1 147

-1 490

-658

-1 146

-4 441

Total

2 932

2 028

1 911

353

7 224

 

Adjusted operating result,

1000 EUR

1‒3

2023

 4-6

2023

7-9

2023

10-12

2023

1-12

2023

Broadband Networks

2 659

2 020

1 004

306

5 989

Public Safety and Mobility

-51

65

174

-578

-389

Non-allocated

-1 147

-1 490

-658

-1 146

-4 441

Total

1 460

596

520

-1 418

1 158

 

Orders received,

1000 EUR

1‒3

2023

 4-6

2023

7-9

2023

10-12

2023

1-12

2023

Broadband Networks

31 151

16 580

23 648

16 696

88 348

Public Safety and Mobility

9 656

13 693

22 769

15 090

61 208

Non-allocated

0

0

0

0

0

Total

40 807

30 273

46 417

32 059

149 556

 

Order book,

1000 EUR

31.3.

2023

 30.6.

2023

30.9.

2023

31.12.

2023

Broadband Networks

33 203

24 208

26 798

28 382

Public Safety and Mobility

94 420

93 585

102 174

101 982

Non-allocated

0

0

0

0

Total

127 623

117 793

128 972

130 364

 

The above restated 2023 key figures according to the new operating segments are unaudited.

 

 

TELESTE CORPORATION

Esa Harju
CEO

 

 

Additional information:

Esa Harju
CEO


Juha Hyytiäinen

CFO

 

Tel. +358 2 2605 611

investor.relations@teleste.com

 

 

About Teleste

Teleste offers an integrated product and service portfolio that makes it possible to build and run a better networked society. Our solutions bring television and broadband services to you, secure your safety in public places and guide your use of public transport. With solid industry experience and drive for innovations, we are a leading international company in broadband, security and information technologies and related services. We connect with our customers through a global network of offices and partners. In 2023, Teleste's net sales reached EUR 151.3 million and it had approximately 800 employees. Teleste is listed on Nasdaq Helsinki. For more information, visit

www.teleste.com.

 

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