Teleste Oyj Full Year 2023 Earnings: €0.004 loss per share (vs €0.31 loss in FY 2022)

Teleste Oyj (HEL:TLT1V) Full Year 2023 Results

Key Financial Results

• Revenue: €151.3m (down 8.3% from FY 2022).
• Net loss: €82.0k (loss narrowed by 99% from FY 2022).
• €0.004 loss per share (improved from €0.31 loss in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Teleste Oyj Earnings Insights

The primary driver behind last 12 months revenue was the Other Europe segment contributing a total revenue of €109.3m (72% of total revenue). Notably, cost of sales worth €77.3m amounted to 51% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to €49.8m (66% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of €909.0k. Explore how TLT1V's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Communications industry in Europe.

Performance of the market in Finland.

The company's shares are down 1.6% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Teleste Oyj you should be aware of.

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