The company’s growth slightly exceeded our estimates, whereas its operating result increased from the comparison period, but fell short of our expectations. Thus, the company’s development was a step in the right direction, but somewhat slower than we expected.

CEO Håkan Dahlström summarizes the Q2 report, elaborates about the demand situation and talks about what kind of plans does Eltel have for the rest of the Other businesses.

Eltel will publish its Q2 report on Thursday at around 8 am CEST. We expect the company’s revenue to be on last year’s level, but adjusted EBITA to improve from the comparison period. In addition to the figures, we are interested in the comments regarding market outlook and strategy execution.

We are initiating coverage of Eltel – a service provider for critical power and communication networks in the Nordics. Profitability has historically been an issue – now striving for a turn-around equipped with new strategy. Analyst Aapeli Pursimo summarizes the case as well as highlights from the extended research report.

Eltel is a leading service provider for critical power and communication networks in the Nordics. The company has struggled for an extended time with its profitability and thus the cornerstones of its current strategy focus on building a foundation for profitable growth. We feel that Eltel is moving in the right direction but anticipate that the turnaround could take time.

Eltel’s focus is on strategy implementation, where the ultimate goal is to build a foundation for a sustainable, profitable growth. CEO Håkan Dahlström summarizes the big picture, as well as the Q1.