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Teleste Oyj (TLT1V.HE)

TLT1V.HE on Helsinki Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Teleste appoints Pertti Ervi new Chairman
Wednesday, 4 Oct 2017 11:00am EDT 

Oct 4 (Reuters) - TELESTE OYJ :TELESTE APPOINTS NEW CHAIRMAN OF THE BOARD.MR. TIMO MIETTINEN, HAS DECIDED TO STEP DOWN AS CHAIRMAN OF BOARD.​.‍SELECTED MR. PERTTI ERVI AS NEW CHAIRMAN OF BOARD.​.  Full Article

Teleste to bring internet connectivity to hotel in Greece
Monday, 25 Sep 2017 05:53am EDT 

Sept 25 (Reuters) - TELESTE OYJ :TELESTE OYJ - TELESTE TO BRING HIGH-QUALITY INTERNET CONNECTIVITY TO BITZARO GRANDE HOTEL IN GREECE IN PARTNERSHIP WITH SAMSUNG ELECTRONICS AND EUROAXES GROUP.DEPLOYMENT CONSISTS OF SAMSUNG HOTEL TVS IN GUEST ROOMS AND TELESTE’S DAH100 MINI-CMTS SOLUTION ON THE PREMISES‍​.  Full Article

Teleste Q2 ‍orders received fall to EUR 64.5 mln
Thursday, 10 Aug 2017 01:30am EDT 

Aug 10 (Reuters) - TELESTE OYJ ::Q2 NET SALES EUR ‍58.7​ MILLION VERSUS EUR 67.5 MILLION YEAR AGO.Q2 OPERATING LOSS OF EUR ‍-9.3​ MILLION VERSUS PROFIT OF EUR 3.9 MILLION YEAR AGO.‍ORDERS RECEIVED BY GROUP IN Q2 TOTALLED EUR 64.5 (67.2) MILLION​.OPERATING ‍LOSS WAS MAINLY GENERATED BY GOODWILL IMPAIRMENT OF EUR 7.7 MILLION AND RESTRUCTURING PROVISION OF EUR 1.6 MILLION​.‍ESTIMATES THAT NET SALES FOR 2017 WILL REMAIN BELOW REFERENCE PERIOD.‍ESTIMATES THAT OPERATING RESULT FOR 2017 WILL REMAIN CLEARLY BELOW REFERENCE PERIOD LEVEL​.‍OPERATING RESULT OF SECOND HALF OF 2017 IS EXPECTED TO BE CONSIDERABLY BETTER THAN IN FIRST HALF​.  Full Article

Teleste changes its financial outlook for 2017
Friday, 14 Jul 2017 02:00am EDT 

July 14 (Reuters) - TELESTE OYJ :PROFIT WARNING: TELESTE RECORDS A GOODWILL IMPAIRMENT AND A RESTRUCTURING PROVISION FOR THE SERVICES BUSINESS IN GERMANY AMOUNTING TO A TOTAL OF EUR 9.3 MILLION.‍CHANGES ITS FINANCIAL OUTLOOK FOR 2017​.TELESTE OYJ - DUE TO NEGATIVE PROFITABILITY DEVELOPMENT IN SERVICES BUSINESS IN GERMANY, TELESTE MAKES EUR 7.7 MILLION IMPAIRMENT IN GOODWILL WHICH WILL BE REPORTED IN TELESTE'S HALF YEAR FINANCIAL REPORT.‍ ESTIMATES THAT NET SALES FOR 2017 WILL BE LOWER THAN IN 2016 AND THAT OPERATING PROFIT FOR 2017 WILL BE CLEARLY LOWER THAN IN 2016​.2017 OPERATING PROFIT FOR SECOND HALF OF YEAR IS ESTIMATED TO BE CLEARLY BETTER THAN THAT FOR FIRST HALF OF YEAR.  Full Article

Teleste creates joint venture with Antronix
Thursday, 6 Jul 2017 02:00am EDT 

July 6 (Reuters) - Teleste ::TELESTE INVESTS IN THE GROWING US BROADBAND MARKET BY CREATING A JOINT VENTURE WITH ANTRONIX .NEW COMPANY OPERATES UNDER NAME TELESTE INTERCEPT LLC AND IT WILL START ITS OPERATION DURING 2017.TELESTE OWNS 60% OF SHARES IN JOINT VENTURE.JOINT VENTURE CREATED ‍TO PROMOTE SALES OF COMPANIES' BROADBAND NETWORK PRODUCTS FOR NORTH-AMERICAN CABLE OPERATORS​.  Full Article

Stofa and Teleste to agree on delivery of network products
Tuesday, 30 May 2017 08:00am EDT 

May 30 (Reuters) - TELESTE OYJ ::STOFA AND TELESTE TO AGREE ON DELIVERY OF NETWORK PRODUCTS AND SERVICES FOR STOFA’S DOCSIS 3.1 NETWORK UPGRADE .HAS SIGNED A FRAME AGREEMENT WITH STOFA TO DELIVER NEXT GENERATION NETWORK PRODUCTS AND SERVICES FOR STOFA'S CABLE NETWORK UPGRADE TO NEW DOCSIS 3.1 TECHNOLOGY.‍VALUE OF 2-YEAR AGREEMENT IS EXPECTED TO EXCEED EUR 7 MILLION.​.AGREEMENT IS A CONTINUATION OF A LONG PRODUCT-RELATED COOPERATION BETWEEN TELESTE AND STOFA, WHICH IS NOW BEING EXTENDED WITH DETAILED NETWORK DESIGN SERVICES.  Full Article

Stadler selects Teleste’s Passenger Information system
Monday, 22 May 2017 08:19am EDT 

May 22 (Reuters) - TELESTE OYJ ::TADLER SELECTS TELESTE'S PASSENGER INFORMATION SYSTEM FOR ITS TRAINS TO AB TRANSITIO IN SWEDEN.AGREEMENT ALSO INCLUDES OPTION FOR ADDITIONAL 110 VEHICLES.  Full Article

Teleste Q1 operating profit falls to EUR 0.2 mln
Thursday, 4 May 2017 01:30am EDT 

May 4 (Reuters) - TELESTE OYJ :TELESTE INTERIM REPORT: OPERATING PROFIT DECREASED AS EXPECTED, ORDERS RECEIVED INCREASED.Q1 ORDERS RECEIVED EUR 73.6 MILLION VERSUS EUR 59.3 MILLION YEAR AGO.Q1 NET SALES EUR 60.9 MILLION VERSUS EUR 60.6 MILLION YEAR AGO.Q1 OPERATING PROFIT EUR 0.2 MILLION VERSUS EUR 2.6 MILLION YEAR AGO.ESTIMATE THAT NET SALES AND OPERATING PROFIT FOR 2017 WILL REMAIN BELOW 2016 LEVEL.SEES NET SALES AND OPERATING PROFIT FOR 2017 TO REMAIN BELOW 2016 LEVEL, DUE TO LOW ORDER BACKLOG IN BEGINNING OF FINANCIAL PERIOD.  Full Article

Teleste Q4 EBIT up at EUR 4.3 million, backlog decreases
Thursday, 9 Feb 2017 01:30am EST 

Teleste Oyj : Q4 net sales 68.6 million euros versus 68.4 million euros year ago . Q4 operating profit (EBIT) 4.3 million euros versus 3.3 million euros year ago . Q4 orders received 64.6 million euros versus 68.2 million euros year ago . In Q4 order backlog decreased by EUR 3.9 million to EUR 26.9 million . Proposes 2016 dividend of 0.25 euro per share . CEO: "In Q4, net sales increased and were the highest in Teleste's history, but orders received decreased year-on-year. As a result of this, the order backlog continued to decrease" .Estimates that net sales and operating profit for 2017 will remain below 2016 level.  Full Article

Teleste: unit Mitron signs frame agreement with Swarco, Sweden
Tuesday, 11 Oct 2016 03:00am EDT 

Teleste Oyj : Teleste´s subsidiary Mitron has signed a frame agreement with Swarco, Sweden . Agreement covers delivery of real time RGB-LED passenger information displays for train stations in Sweden .Value of three year agreement is estimated to exceed 2 million euros ($2.24 million) and it includes an option to prolong its validity with 2 + 2 years.  Full Article

BRIEF-Teleste appoints Pertti Ervi new Chairman

* MR. TIMO MIETTINEN, HAS DECIDED TO STEP DOWN AS CHAIRMAN OF BOARD.​