Declared Dividend • 4h
Dividend increased to €0.05 Dividend of €0.05 is 67% higher than last year. Ex-date: 29th June 2026 Payment date: 7th July 2026 Dividend yield will be 1.4%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 66% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • May 15
Teleste Oyj Launches 1.8 GHz AC Series Amplifiers Teleste announced the launch of AC1800 and AC2800, two compact 1.8 GHz broadband amplifiers designed for European cable operators renewing their active networks for higher capacity and superior service quality. AC1800 and AC2800 bring the same logic to the active plant: operators can renew amplifier locations for 1.2 GHz requirements while installing 1.8 GHz downstream capability from day one. Designed for European street cabinets, AC1800 and AC2800 combine high RF performance, compact mechanics, controlled power consumption and rugged outdoor reliability. They bring 1.8 GHz capability into the space, power, and thermal conditions that operators already manage every day. The amplifiers also include smart functions as standard. Automatic control features are built into the product, while an optional transponder can be added when remote communication and network management access are required. Early customer engagement indicate strong interest in the new AC Series, with first customer deployments planned for 2026. At ANGA COM in Cologne, visitors can explore Teleste's new 1.8 GHz-ready amplifiers alongside its 1.8 GHz passive portfolio at Teleste stand C12, Hall 8. Tillkännagivande • May 09
Teleste Oyj Reaffirms Earnings Guidance for the Financial Year 2026 Teleste Oyj reaffirmed earnings guidance for the financial year 2026. For the year, the company estimateed that Net sales for 2026 will be in the range of EUR 140 million to EUR 160 million. Profit is expected to be weighted toward the second half of the year. Material changes in the operating environment, including geopolitical tensions, changes in trade policies, and the development of the US dollar exchange rate can create uncertainty for parts of the business. Tillkännagivande • Apr 23
Teleste Oyj Approves Total Dividend for the Financial Year Ended 31 December 2025, Payable on 7 July 2026 and 7 January 2027 Teleste Oyj at its Annual General Meeting, held on 22 April 2026, resolved in accordance with the proposal of the Board of Directors that, based on the adopted balance sheet, a dividend of EUR 0.08 per share shall be paid for the financial period that ended on 31 December 2025, for shares other than those held by the Company. The dividend is paid in two instalments. The first instalment of the dividend, EUR 0.05 per share, shall be paid to a shareholder who is registered in the company's shareholder register maintained by Euroclear Finland Oy on the record date of the first dividend instalment, 30 June 2026. The dividend shall be paid on 7 July 2026. The second instalment of the dividend, EUR 0.03 per share, shall be paid to a shareholder who is registered in the company's shareholder register maintained by Euroclear Finland Oy on the record date of the second dividend instalment, 30 December 2026. The dividend shall be paid on 7 January 2027. Tillkännagivande • Nov 06
Teleste Corporation Specifies Earnings Guidance for the Year 2025 Teleste Corporation specified earnings guidance for the year 2025. For the year, the company estimates revenue to be between EUR 135 million and EUR 150 million. Earlier Teleste estimated revenue for 2025 to be between EUR 135 million and EUR 150 million. The company anticipates that profit for the period will be toward the upper end of the guidance range. Tillkännagivande • Oct 10
Teleste Oyj, Annual General Meeting, Apr 22, 2026 Teleste Oyj, Annual General Meeting, Apr 22, 2026. Tillkännagivande • Oct 02
Teleste Oyj Announces Composition of Teleste's Shareholders' Nomination Board Teleste Oyj announced Composition of Teleste's Shareholders' Nomination Board. The following members have been appointed to Teleste's Shareholders' Nomination Board: Chairman of the Board of Directors, Timo Luukkainen, Tianta Oy (Chair), Director Patrick Lapveteläinen, Mandatum Life Insurance Company Limited, and Director Esko Torsti, Ilmarinen Mutual Pension Insurance Company. According to the Charter of the Shareholders' Nomination Board approved by the Annual General Meeting 2020, the members of the Shareholders' Nomination Board represent the company's three largest shareholders. Tillkännagivande • May 20
Teleste Launches Luminato X32: Compact Edge QAM Solution for Cost-Effective TV Delivery Teleste announced to launch the Luminato X32, a compact, high-performance Edge QAM solution designed to simplify and optimize TV signal distribution across a variety of operational scenarios. Engineered for superior reliability and quality of service, the X32 delivers robust performance suitable for both demanding, high-end applications and cost-effective deployments. Its versatile design supports deployment in unmanned indoor facilities, network edge locations, and Multi-Dwelling Unit basements--enabling operators to efficiently deliver modern broadcast TV services without compromising quality, scalability, or ease of management. The Luminato X32 efficiently supports high-quality broadcast TV delivery in diverse network architectures. It delivers exceptional performance whether modernizing legacy RF overlay systems, complementing PON deployments by distributing broadcast signals over coaxial cable within buildings, or integrating seamlessly into deep fiber HFC networks. Converting IP streams into high-quality QAM signals at points where fiber meets coax, the X32 eliminates the need for IP set-top boxes while enabling operators to benefit from its advanced operational capabilities. The X32 key highlights include: Edge-Optimized Performance - Delivers robust, carrier-grade broadcast quality with 32 independent QAM channels. Seamless Network Integration - Works effortlessly with PON and HFC architectures and enables video delivery without set-top boxes. Reduced operational costs - Features passive cooling for silent operation and remote management for reduced maintenance workload. Compact & Adaptable - Wall or rack-mountable form factor supports a wide variety of installation environments. Agile & Reliable Deliveries - Backed by Teleste's manufacturing facilities in Finland, ensuring dependable and timely product availability. Enhanced Flexibility & Simplified Management: The Luminato X32 is built for maximum operational flexibility, supporting centralized management, a wide range of configuration options, and real-time monitoring via Teleste's Argus Luminato Manager. These capabilities enable operators to efficiently manage both individual units and large-scale deployments remotely--simplifying daily tasks and guaranteeing excellent service uptime. Tillkännagivande • May 07
Teleste Oyj Provides Unchanged Earnings Guidance for the Year 2025 Teleste Oyj provided unchanged earnings guidance for the year 2025. For the year, company estimated revenue to be between 135 and 150 million euros. The result is expected to be primarily realized in the second half of the year. Tillkännagivande • Feb 25
Teleste Oyj announces Annual dividend, payable on May 05, 2025 Teleste Oyj announced Annual dividend of EUR 0.0300 per share payable on May 05, 2025, ex-date on April 24, 2025 and record date on April 25, 2025. Tillkännagivande • Feb 12
Teleste Oyj Proposes Dividend for the Financial Period Ended on 31 December 2024 The board of directors of Teleste Oyj proposed to the annual general meeting that a dividend of EUR 0.03 per share (0.00) be distributed on outstanding shares for the financial period that ended on 31 December 2024. Tillkännagivande • Feb 11
Teleste Oyj Provides Earnings Guidance for the Year 2025 Teleste Oyj provided earnings guidance for the year 2025. The company estimates revenue for 2025 to be between EUR 135 million and EUR 150 million. Tillkännagivande • Dec 10
Teleste Unveils Cutting-Edge Display Unit Controller to Elevate Information Display Capabilities for Transit Operators Teleste introduced a new display unit controller that significantly enhances the capabilities of the company's range of RGB LED and TFT LCD information displays. This innovative technology delivers enhanced performance, strengthened cybersecurity, and optimized operational efficiency, meeting the evolving demands of transit operators worldwide. As a trusted provider of a comprehensive range of stationary and onboard information displays, Teleste continues to shape the mobility sector through innovation. The new display controller, powered by the Intel Atom (formerly Amston LakeTM) x7433RE Processor and integrated with Teleste's advanced diagnostics unit, introduces several key features designed to transform the passenger information experience: Increased performance and memory capacity, supporting the delivery of more dynamic visuals on the displays, even when the time comes to step into 4K resolution videos. In addition, multiple independent graphics output allow, for example, to separately control both sides of a 2-sided display. This capability allows transit operators to deliver richer, more engaging visuals to passengers, enhancing the overall travel experience. Advanced remote diagnostic capabilities to ensure optimal display performance and enable preventative maintenance operations. This results in reduced service downtime and a seamless, reliable experience for passengers. Streamlined single-board design for increasingly robust operation in challenging environments like public transport vehicles, stations and platforms. Minimizing the need for hardware components and increasing energy-efficiency, the design provides transit operators also with lower maintenance and operational costs. Strengthened cybersecurity enabled by integration with Trusted Platform Module (TPM) 2.0 that supports cryptographic and security features. These measures safeguard passenger information systems against evolving digital threats, ensuring the integrity of operators' networks and protecting data from unauthorized access. The new display unit controller will come as a standard feature in all new passenger information displays delivered by Teleste, ensuring customers benefit from the latest technological advancements without the need for additional upgrades. Tillkännagivande • Dec 02
Teleste Corporation Appoints Ulf Andersson as EVP & GM of the Broadband Networks Business Unit and A Member of the Leadership Team, Effective from January 1, 2025 Teleste Corporation strengthens its leadership and strategic focus on North America. Ulf Andersson has been appointed as EVP & GM of the Broadband Networks business unit and a member of the Leadership Team. Ulf will assume the responsibility for global management of the Broadband Networks business unit effective January 1, 2025. Ulf will be based in the USA. Leading the business unit from North America supports the strategic expansion and increased momentum towards that market. Ulf has a long career in the telecommunications industry, both in sales and customer engagement, as well as in comprehensive business management. He has strong experience in creating and implementing strategy, as well as product management and R&D. Prior to joining Teleste, Ulf was CEO of Falcon V Systems and CRO of MobiledgeX, a Silicon Valley startup. Before that, Ulf had a long executive career in Ericsson. The current business unit lead, Hanno Narjus, will continue with the company in a new role as Senior Fellow, Industry Relations. In this new thought leadership role, Hanno will participate in developing industry relations for the Broadband Networks business, as well as creating technology and ecosystem strategy. His responsibilities also include global market analysis, to help Teleste to continue to be a leader in the rapidly changing market environment. New Risk • Nov 10
New major risk - Revenue and earnings growth Earnings have declined by 44% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 44% per year over the past 5 years. Minor Risks High level of debt (44% net debt to equity). Market cap is less than US$100m (€39.8m market cap, or US$42.6m). Reported Earnings • Nov 07
Third quarter 2024 earnings released: EPS: €0.04 (vs €0.025 in 3Q 2023) Third quarter 2024 results: EPS: €0.04 (up from €0.025 in 3Q 2023). Revenue: €30.1m (down 15% from 3Q 2023). Net income: €643.0k (up 41% from 3Q 2023). Profit margin: 2.1% (up from 1.3% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Communications industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Tillkännagivande • Oct 18
Teleste Oyj, Annual General Meeting, Apr 23, 2025 Teleste Oyj, Annual General Meeting, Apr 23, 2025. Tillkännagivande • Sep 16
Teleste Oyj Revises Earnings Guidance for the Financial Year 2024 Teleste Oyj revised earnings guidance for the financial year 2024. For the year, the company estimates net sales to be between EUR 120 million to EUR 135 million compared to previous guidance of EUR 140 million to EUR 150 million. The main reason for the updated guidance is the continued lower-than-expected demand in the European market for the Broadband Networks business. North American delivery volumes have started to grow, but they will not fully compensate for the volume outlook in Europe. There is also still uncertainty regarding the timing of deliveries and projects for the rest of the year. Tillkännagivande • Sep 03
Teleste and ITESMEDIA Introduce Teleste Hub Teleste announced the launch of its new central software for content management, Teleste Hub. Specifically tailored for the public transportation industry, Teleste Hub is set to redefine how transit operators manage, distribute, and display content across their networks. Developed in partnership with ITESMEDIA, a trusted and proven Teleste partner, the Teleste Hub software is specifically designed to address the unique needs of public transportation operators. It allows operators to manage real-time information, advertisements, and entertainment content across multiple vehicles and stations. Additionally, the software provides a user-friendly interface for daily operations. The Teleste Hub software is designed to serve both Teleste's existing public transport operator clients and those who are not yet part of the Teleste family. Key Features of Teleste Hub: Centralized Control: Operators can manage all digital displays, from onboard screens to station monitors, through a single platform, ensuring consistency and efficiency. Multimedia Content and Integration: Teleste Hub supports various input sources such as television feeds, live camera streams, and other multimedia content. A variety of supported formats guarantees that transport operators can provide engaging and informative content across all platforms and devices. Increased Revenue Opportunities: Displaying multimedia content, including advertisements, creates new revenue streams for transport operators, enabling them to more effectively monetize their passenger information systems. Hardware Independence: Teleste Hub is compatible with a wide range of devices and platforms, allowing operators the flexibility to integrate it with existing hardware infrastructure without the need for costly upgrades. The seamless integration with all common display technologies ensures that consistent, accurate information is reliably conveyed across all selected devices. User-Friendly Interface: The intuitive design of Teleste Hub makes it easy for operators to manage content without extensive training thanks to the layout editor and widgets, reducing the learning curve and improving operational efficiency. Seamless Data Integration: The robust data integration options, enabling efficient data consolidation and management. Advanced Security Features: Two-factor authentication, along with compliance with ISO 27001, ISO 27018, SOC 1, SOC 2, and SOC 3 certifications, ensures that the system and data are well-protected against cyber threats. Teleste solutions provide a robust foundation for a future-proof public transport ecosystem, enhancing operational efficiency for transit operators and allowing passengers to enjoy reliable, real-time travel information on every step of their journey. Reported Earnings • Aug 15
Second quarter 2024 earnings released: €0.06 loss per share (vs €0.006 loss in 2Q 2023) Second quarter 2024 results: €0.06 loss per share (further deteriorated from €0.006 loss in 2Q 2023). Revenue: €29.8m (down 26% from 2Q 2023). Net loss: €1.07m (loss widened €954.0k from 2Q 2023). Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Communications industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Tillkännagivande • Aug 14
Teleste Oyj Revises Earnings Guidance for 2024 Teleste Oyj revised earnings guidance for 2024. For the period, the company estimated that net sales in 2024 will amount to EUR 140 million to EUR 150 million. Previously, the company estimated that net sales in 2024 will amount to EUR 140 million to EUR 165 million. Tillkännagivande • Jul 12
Teleste Corporation Appoints Mervi Kerkelä-Hiltunen as Chief Financial Officer, Effective October 2024 Teleste Corporation announced the appointment of Mervi Kerkelä-Hiltunen (MSc. Econ) as the company's new Chief Financial Officer, effective October 2024. In her new role, she will also join Teleste's management team. Mervi Kerkelä-Hiltunen has over 25 years of diverse experience in financial management within international business across various industries. In her previous roles, she has developed strong expertise in advancing comprehensive financial operations and driving organizational change. Prior to joining Teleste, she served as the CFO of QPR Software Plc. Tillkännagivande • Jun 05
Teleste Oyj Announces CFO Changes Teleste´s CFO and member of the management team Juha Hyytiäinen has decided to leave Teleste Corporation for new responsibilities at another company. Mr. Hyytiäinen will continue in his position and as a member of Teleste's management team until the end of August to ensure a smooth transition and transfer of duties. The recruitment process for the new CFO has started. In addition, from mid-August, Mr. Tomi Närhinen M.Sc. (Econ) from outside the company will assume the role of acting CFO until the new permanent CFO joins the company. Reported Earnings • May 06
First quarter 2024 earnings released: €0.023 loss per share (vs €0.13 profit in 1Q 2023) First quarter 2024 results: €0.023 loss per share (down from €0.13 profit in 1Q 2023). Revenue: €36.6m (down 19% from 1Q 2023). Net loss: €425.0k (down 118% from profit in 1Q 2023). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Communications industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Tillkännagivande • May 03
Teleste Corporation Reaffirms Financial Guidance for the Year 2024 Teleste Corporation reaffirmed financial guidance for the year 2024. The company estimates that net sales in 2024 will amount to EUR 140-165 million. Reported Earnings • Mar 18
Full year 2023 earnings released: €0.004 loss per share (vs €0.31 loss in FY 2022) Full year 2023 results: €0.004 loss per share (improved from €0.31 loss in FY 2022). Revenue: €151.3m (down 8.3% from FY 2022). Net loss: €82.0k (loss narrowed 99% from FY 2022). 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. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Tillkännagivande • Mar 06
Teleste Oyj Announces Heikki Mäkijärvi Will No Longer Continue as A Board Member Teleste Oyj announced that Current board member Heikki Mäkijärvi will no longer continue as a board member. Tillkännagivande • Feb 09
Teleste Oyj Provides Earnings Guidance for the Year 2024 Teleste Oyj provided earnings guidance for the year 2024. The company estimates that net sales in 2024 will amount to EUR 140 million - EUR 165 million and that the adjusted operating result in 2024 will be EUR 3 million - EUR 6 million. Tillkännagivande • Dec 15
Teleste Oyj Provides Earnings Guidance for the Year 2023 Teleste Oyj provided earnings guidance for the year 2023. The company estimates that the net sales in 2023 will amount to EUR 145 million to EUR 152 million. New Risk • Nov 05
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.7x net interest cover). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (€52.2m market cap, or US$55.9m). Reported Earnings • Nov 03
Third quarter 2023 earnings released: EPS: €0.03 (vs €0.23 loss in 3Q 2022) Third quarter 2023 results: EPS: €0.03 (up from €0.23 loss in 3Q 2022). Revenue: €35.3m (down 17% from 3Q 2022). Net income: €457.0k (up €4.56m from 3Q 2022). Profit margin: 1.3% (up from net loss in 3Q 2022). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Communications industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 03
Third quarter 2023 earnings released: EPS: €0.03 (vs €0.23 loss in 3Q 2022) Third quarter 2023 results: EPS: €0.03 (up from €0.23 loss in 3Q 2022). Revenue: €35.3m (down 17% from 3Q 2022). Net income: €457.0k (up €4.56m from 3Q 2022). Profit margin: 1.3% (up from net loss in 3Q 2022). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Communications industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Tillkännagivande • Nov 02
Teleste Oyj Provides Earnings Guidance for the Full Year 2023 Teleste Oyj provided earnings guidance for the full year 2023. For the year, the company expected net sales to be in the range of $150 million to $160 million. Tillkännagivande • Sep 07
Teleste Corporation Establishes Personnel and Remuneration Committee Teleste Corporation has decided to establish a Personnel and Remuneration Committee to assist the Board of Directors in matters pertaining to the personnel and remuneration. The Board of Directors of Teleste Corporation elected Timo Luukkainen as Chairman and Heikki Mäkijärvi and Kai Telanne as members of the Personnel and Remuneration Committee. The purpose of the Committee is to contribute to the development and allocation of Teleste's strategically important capabilities and human resources and to provide the Board of Directors with relevant information on the current state of the employees and future objectives. The Personnel and Remuneration Committee does not have an independent decision-making power, but it is a preparatory body. The Board of Directors makes the decisions within its competence collectively. Reported Earnings • Aug 11
Second quarter 2023 earnings released: €0.01 loss per share (vs €0.08 loss in 2Q 2022) Second quarter 2023 results: €0.01 loss per share (improved from €0.08 loss in 2Q 2022). Revenue: €40.7m (up 6.1% from 2Q 2022). Net loss: €114.0k (loss narrowed 92% from 2Q 2022). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Communications industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Tillkännagivande • Aug 10
Teleste Corporation Provides Earnings Guidance for the Year 2023 Teleste Corporation provided earnings guidance for the year 2023 . For the year, company estimates net sales will amount to EUR 150 Million- EUR 175 Million . Tillkännagivande • Jul 01
Teleste Appoints Joe Godas to Advisory Board Teleste announced that Joe Godas (former Charter Communications Senior Vice President Network Engineering & Technology) has joined the company's Advisory Board for the North American cable broadband market, which aims to support Teleste in expanding market opportunities for cable access networks. The other members of the Advisory Board are Hanno Narjus (Chair of the Board, SVP of Teleste Networks), Esa Harju (President and CEO of Teleste), Stephanie Mitchko Beale (former CTO, Charter Communications) and Neil Tang (President, Antronix). Tillkännagivande • Jun 09
Teleste Appoints Linda Kallas as Senior Vice President, Group Strategy Teleste announced the appointment of Linda Kallas (M.Sc., Eng.) as the company's Senior Vice President, Group Strategy. She started in her role and joined the company's Management Group on 1 June 2023. The aim of the new role of Senior Vice President, Group Strategy is to strengthen and develop the company's long-term strategy work and communicate Teleste's objectives even more clearly to stakeholders. Reported Earnings • May 05
First quarter 2023 earnings released: EPS: €0.13 (vs €0.007 in 1Q 2022) First quarter 2023 results: EPS: €0.13 (up from €0.007 in 1Q 2022). Revenue: €45.4m (up 20% from 1Q 2022). Net income: €2.32m (up €2.19m from 1Q 2022). Profit margin: 5.1% (up from 0.3% in 1Q 2022). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Communications industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Tillkännagivande • May 05
Teleste Corporation Provides Sales Guidance for 2023 Teleste Corporation provides sales guidance for 2023. The company estimates that net sales in 2023 will amount to EUR 150-175 million. Buying Opportunity • Apr 17
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be €4.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Mar 18
Full year 2022 earnings released: €0.31 loss per share (vs €0.39 profit in FY 2021) Full year 2022 results: €0.31 loss per share (down from €0.39 profit in FY 2021). Revenue: €165.0m (up 15% from FY 2021). Net loss: €5.67m (down 180% from profit in FY 2021). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Buying Opportunity • Mar 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 6.5%. The fair value is estimated to be €4.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Feb 11
Now 23% undervalued Over the last 90 days, the stock is up 16%. The fair value is estimated to be €5.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Feb 10
Full year 2022 earnings released: €0.31 loss per share (vs €0.39 profit in FY 2021) Full year 2022 results: €0.31 loss per share (down from €0.39 profit in FY 2021). Revenue: €165.0m (up 15% from FY 2021). Net loss: €5.67m (down 180% from profit in FY 2021). Revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Board Change • Feb 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 4 experienced directors. 1 highly experienced director. Independent Director Kai Telanne is the most experienced director on the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Tillkännagivande • Feb 01
Teleste Announces Formation of Advisory Board for the North American Market Teleste announced the formation of an Advisory Board, bringing together experienced business leaders in the cable and telecommunications industries. The advisors will bring their collective knowledge and experience to provide guidance and insights on the North American cable market for Teleste's continued growth as an access network infrastructure leader. With the migration of DOCSIS 4.0, Teleste is leading the growth to 10G with the award-winning ICON product family including 1.8 GHz amplifiers and Distributed Access solutions. Teleste has some of the most influential and respected executives joining the Advisory Board. Chaired by Hanno Narjus, SVP of Teleste Networks, and including Esa Harju (President and CEO of Teleste), Sandy Howe (former executive with Arris, Cisco and Technetix), Stephanie Mitchko Beale (former CTO, Charter Communications) and Neil Tang (President, Antronix). Teleste's goal is to enable the cable operators to transition the access network quickly to 10G and maintain their leadership in broadband. The advisory board offers a unique understanding on business, operations and product value required by Teleste's customers to grow their business. Reported Earnings • Nov 04
Third quarter 2022 earnings released: €0.22 loss per share (vs €0.10 profit in 3Q 2021) Third quarter 2022 results: €0.22 loss per share (down from €0.10 profit in 3Q 2021). Revenue: €42.8m (up 33% from 3Q 2021). Net loss: €4.10m (down 316% from profit in 3Q 2021). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Nov 03
Teleste Corporation Provides Sales Guidance for 2022 Teleste Corporation estimated that net sales in 2022 will reach or exceed the level of net sales of 2021. Net sales in 2021 were EUR 144.0 million. Tillkännagivande • Sep 16
Teleste Launches S-Arrive Software for Uninterrupted On-Board Passenger Information Teleste thrilled to launch S-ARRIVE, a product-based software solution for rolling stock manufacturers and public transport operators looking to deliver seamless and uninterrupted on-board services. The software has been designed to address the growing need to increase public transport ridership by providing passengers with real-time passenger information and an excellent door-to-door travel experience. It also enables public transport operators to grow an effective transport ecosystem through integration with other on-board systems. Teleste is determined to continue providing its customers with solutions that help them build smart and modern public transport infrastructure. Sharing and managing real-time information plays a vital role in such systems, and it is also at the centre of providing an excellent transport service for passengers, explains Jarkko Vehkala, Head of the Rolling Stock Manufacturers business line at Teleste. The S-ARRIVE software is based on modular architecture designed to meet the needs concerning the delivery of on-board passenger information in individual vehicle platforms, projects and transit systems. The architecture makes it easy to add new functionalities to the software, and existing functionalities can also be flexibly removed or replaced, guaranteeing that the solution is ready to change alongside the evolving industry and passenger expectations. The S-ARRIVE solution can be seamlessly integrated with other on-board systems including on-board CCTV, such as Teleste's S-VMX on-board video surveillance system, passenger counting, as well as on-board network and information displays. Taking advantage of flexible interfacing allows customers to build an effective transit platform that helps them provide to passengers with safe, enjoyable and fully connected journeys, while creating an ecosystem of technology and service capabilities. Reported Earnings • Aug 14
Second quarter 2022 earnings released: €0.08 loss per share (vs €0.04 profit in 2Q 2021) Second quarter 2022 results: €0.08 loss per share (down from €0.04 profit in 2Q 2021). Revenue: €38.4m (up 7.2% from 2Q 2021). Net loss: €1.44m (down 280% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 3.0%, compared to a 8.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Tillkännagivande • Aug 11
Teleste Corporation Provides Sales Guidance for the Full Year 2022 Teleste Corporation provided sales guidance for the full year 2022. For the year, the company expected to report net sales will reach the level of net sales of 2021. Net sales in 2021 were EUR 144.0 million. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €3.97, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 19x in the Communications industry in Europe. Total loss to shareholders of 24% over the past three years. Tillkännagivande • Jun 17
Teleste Corporation Provides Update on Revenue Guidance for the Year 2022 Teleste Corporation provided update on revenue guidance for the year 2022. For the year, the company expected that net sales in 2022 will reach the level of net sales of 2021 Net sales in 2021 were EUR 144.0 million compared to previous guidance expectation to exceed the net sales of 2021. Tillkännagivande • May 08
Teleste Corporation Provides Earnings Guidance for the Year 2022 Teleste Corporation provided earnings guidance for the year 2022. Teleste estimates that net sales in 2022 will exceed the net sales of 2021 and that the adjusted operatingresult in 2022 will exceed the adjusted operating result of 2021. Reported Earnings • May 06
First quarter 2022 earnings released: EPS: €0.01 (vs €0.21 in 1Q 2021) First quarter 2022 results: EPS: €0.01 (down from €0.21 in 1Q 2021). Revenue: €38.1m (up 2.8% from 1Q 2021). Net income: €128.0k (down 97% from 1Q 2021). Profit margin: 0.3% (down from 10% in 1Q 2021). Over the next year, revenue is forecast to grow 10%, compared to a 7.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Tillkännagivande • May 05
Teleste Corporation Announces End-To-End 1.8 Ghz Network Demonstrated At Cablelabs' 10G Showcase Event Teleste announced that it has participated in the first successful DOCSIS® 4.0 Extended Spectrum DOCSIS (ESD) amplifier cascade demonstration that was recently completed at CableLabs’ ‘10G Showcase’ in Colorado, US. Bringing leading cable operators and technology vendors under one roof to collaborate on the industry’s multi-gigabit future, the event demonstrated the cable infrastructure’s potential as a front line for operators to continue increasing data transmission speed and capacity in their hybrid fiber-coax (HFC) networks. In the demonstration, an end-to-end system was created with equipment from Teleste and other prominent cable equipment vendors to showcase the superior performance of DOCSIS 4.0 technology. The system included four 1.8 GHz ICON amplifiers in cascade from Teleste, and the resulting network supported speed tests of 8.9 Gbps downstream and 6.2 Gbps upstream. While the demo setup included four cascaded amplifiers, it is important to note that the 1.8 GHz technology allows longer cascades as well, supporting infrastructures that are typical in the market and enabling drop-in 1.8 GHz upgrades to existing amplifier locations. Teleste continues to be leader in the HFC technologies and leverages its RF engineering capability and the automation that comes with intelligent amplifiers. The first 1.8 GHz amplifiers in Intelligent Networks portfolio were introduced in 2021, providing North American cable operators a solution to ensure high network performance under all circumstances and facilitating a true plug-and-play functionality and easy alignments in the field with a press of a single button. Tillkännagivande • Apr 07
Teleste Corporation Approves Dividend for Financial Period That Ended on 31 December 2021, Payable on April 19, 2022 Teleste Corporation announced at the AGM held on April 6, 2022 that the company approved dividend of EUR 0.14 per share shall be paid for the financial period that ended on 31 December 2021, for shares other than those held by the Company. The record date for the payment of the dividend is 8 April 2022 and the dividend is paid on 19 April 2022. Upcoming Dividend • Mar 31
Upcoming dividend of €0.14 per share Eligible shareholders must have bought the stock before 07 April 2022. Payment date: 19 April 2022. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (3.7%). Higher than average of industry peers (2.2%). Reported Earnings • Mar 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €0.39 (up from €0.16 in FY 2020). Revenue: €144.0m (flat on FY 2020). Net income: €7.09m (up 138% from FY 2020). Profit margin: 4.9% (up from 2.1% in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 6.3%, compared to a 6.8% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improved over the past week After last week's 18% share price gain to €4.74, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 21x in the Communications industry in Europe. Total loss to shareholders of 19% over the past three years. Tillkännagivande • Feb 18
Teleste Corporation Announces Nomination Board Appointments Teleste Corporation announced that based on the ownership situation on August 30, 2021, the following representatives of the three large shareholders were appointed as members of the Nomination Board: Timo Luukkainen, representing Tianta Oy, Patrick Lapveteläinen, representing Mandatum Henkivakuutusosakeyhtiö, and Esko Torsti, representing Keskinäinen Eläkevakuutusyhtiö Ilmarinen. The Nomination Board elected Timo Luukkainen as its chairman. Reported Earnings • Feb 11
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €0.39 (up from €0.16 in FY 2020). Revenue: €149.2m (up 2.9% from FY 2020). Net income: €7.09m (up 138% from FY 2020). Profit margin: 4.8% (up from 2.1% in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 8.6%, compared to a 6.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Tillkännagivande • Jan 12
Teleste Corporation (HLSE:TLT1V) acquired Ermetris S.R.L. Teleste Corporation (HLSE:TLT1V) acquired Ermetris S.R.L. on January 10, 2022. Ermetris will continue with its current management as an independent company, as part of Teleste's Video Security and Information business unit.
Teleste Corporation (HLSE:TLT1V) completed the acquisition of Ermetris S.R.L. on January 10, 2022. Tillkännagivande • Jun 04
Teleste Corporation Introduces New Nodes for Distributed Access Networks Teleste introduces two new high-performance nodes to complement the company's offering of devices for distributed access networks. With distributed access deployments gradually growing in the cable industry, the devices, the AC9400 node and the DAN3 RPD, have been designed to enable a smooth technology transition for operators currently advancing their roadmap of next-generation broadband services. DAN3 compact Remote PHY node that is designed and optimised for deep fibre networks and MDU environments. Meeting the CableLabs specifications, it ensures interoperability between core solutions from different CCAP vendors without requiring specialized development or back-office upgrades. The DAN3 RPD supports full spectrum downstream capacity up to 1.2 GHz and it has a single downstream and two upstream segments. This allow operators to operate the node in the 1x1 mode with a 1x2 RPD module installed, and enable the 1x2 mode later when the needs for upstream capacity grow. A configuration change between 1x1 and 1x2 modes can be done remotely without visiting the site. Reported Earnings • May 07
First quarter 2021 earnings released: EPS €0.21 (vs €0.064 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €40.6m (up 11% from 1Q 2020). Net income: €3.76m (up 204% from 1Q 2020). Profit margin: 9.3% (up from 3.4% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Tillkännagivande • May 06
Teleste Corporation Provides Earnings Guidance for the Year 2021 Teleste Corporation provided earnings guidance for the year 2021. The company estimates that the net sales of the continuing operations in 2021 will reach or exceed the level of 2020 and that the adjusted operating result will exceed the adjusted operating result of 2020. Upcoming Dividend • Apr 02
Upcoming dividend of €0.12 per share Eligible shareholders must have bought the stock before 08 April 2021. Payment date: 16 April 2021. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.7%). Tillkännagivande • Mar 12
Teleste Corporation Proposes Dividend for the Financial Period Ended on December 31, 2020, Payable on April 16, 2021 Teleste Corporation announced that the Board of Directors proposes to the Annual General Meeting that, based on the adopted balance sheet, a dividend of EUR 0.12 per share be paid for the financial period that ended on December 31, 2020 for shares other than those held by the Company. The dividend shall be paid to shareholders registered on the record date April 9, 2021 as a shareholder in the Company’s shareholders’ register maintained by Euroclear Finland Ltd. The dividend will be paid out on April 16, 2021. Analyst Estimate Surprise Post Earnings • Mar 08
Revenue beats expectations Revenue exceeded analyst estimates by 0.7%. Over the next year, revenue is forecast to grow 15%, compared to a 1.9% growth forecast for the Communications industry in Germany. Tillkännagivande • Feb 18
Teleste Corporation Supplies Passenger Information System As-A-Service Together with JCDecaux to Tampere Tramway in Finland Teleste will supply its information displays and their management system as-a-service together with JCDecaux to Tampere Tramway in Finland. According to the contract between Teleste and JCDecaux, Teleste will deliver and install 90 double-sided TFT LCD displays at the tramway stops and shelters, and take care of maintaining and upgrading the hardware throughout the seven-year agreement period. The agreement also includes deployment and maintenance of Teleste's passenger information management software, which controls the delivery of information on displays. The system installations in the City of Tampere have begun in January 2021, giving a head start to Teleste's passenger information system as-a-service offering. For customers and public transport operators, passenger information system as-a-service will provide increased flexibility towards technology changes while lowering the threshold for new deployments. Among the key benefits achieved will be increased agility in obsolescence management, reinforced with easier control of the entire system infrastructure, including both hardware and software. Reported Earnings • Feb 12
Full year 2020 earnings released: EPS €0.16 (vs €0.073 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: €145.0m (down 38% from FY 2019). Net income: €2.99m (up €4.31m from FY 2019). Profit margin: 2.1% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Feb 12
Revenue beats expectations Revenue exceeded analyst estimates by 0.7%. Over the next year, revenue is forecast to grow 7.3%, compared to a 1.9% growth forecast for the Communications industry in Germany.