Press releases

Press releases

June 2017

Eltel publishes prospectus

The information in this press release is not intended for distribution, publication or public release, directly or indirectly, in or into, Australia, Canada, Japan, the United States or any other jurisdiction...

Eltel’s Board of Directors decides on revised financial targets and appoints members of the Audit and Remuneration Committee

At its inaugural meeting on 1 June 2017, Eltel's Board of Directors decided on revised financial targets for Eltel.

Resolutions by Eltel’s 2017 Annual General Meeting

Today Thursday 1 June 2017 Eltel AB held its 2017 Annual General Meeting (AGM).

May 2017

The terms for Eltel’s rights issue are set

The information in this press release is not intended for distribution, publication or public release, directly or indirectly, in or into, Australia, Canada, Japan, the United States or any other jurisdiction...

Eltel’s Nomination Committee proposes Markku Moilanen as a new board member and revises its proposals for the AGM 2017 concerning the Board

The Nomination Committee of Eltel AB has unanimously resolved to propose Markku Moilanen as new member of Eltel’s Board of Directors. On 2 May 2017, the Nomination Committee announced its proposals for E...

Eltel’s power distribution customers in Finland use their options to extend current agreements till early 2019

Finnish power distribution utilities and street lighting owners utilise their options to extend current frame agreements with Eltel. Caruna Oy and Caruna Espoo Oy use their 14-month options to continue...

Notice to the Annual General Meeting 2017 in Eltel AB

The shareholders of Eltel AB (publ) (company register number 556728-6652) (“Eltel”) are hereby invited to the Annual General Meeting to be held on Thursday 1 June 2017 at 14.00 CET.

Eltel Group: Interim Report January–March 2017

January–March 2017 Group net sales* amounted to EUR 297.8 million (287.5), up 3.5% in local currencies, organic net sales increased by 2.5%** Net sales in the Power segment amounted to EUR 103.8 million (...

Eltel’s Board of Directors has decided to file a report to the police regarding former CEO Axel Hjärne

On 21 February 2017, Eltel’s Board decided to appoint a special investigator, attorney-at-law Axel Calissendorff at Calissendorff Swarting Advokatbyrå, to investigate liability regarding negative outcome in...

Change in Eltel’s Group Management Team – CFO Gert Sköld leaves Eltel

Eltel announces that CFO Gert Sköld has decided to step down from his position effective as of today. A recruitment process for a new CFO has been initiated. Lars Nilsson, who has acted as interim CFO ...

Eltel discontinues the unprofitable power transmission business outside of Europe

Eltel's Board of Directors today decided to discontinue the unprofitable business of power transmission projects outside of Europe. Operations are conducted within a separate entity in Eltel, called Power...

Eltel announces rights issue

The information in this press release is not intended for distribution, publication or public release, directly or indirectly, in or into, Australia, Canada, Japan, the United States or any other jurisdiction...

April 2017

New date for publishing of Eltel’s first quarter 2017 interim report

Eltel will publish its first quarter 2017 interim report on Tuesday 2 May 2017 after the stock market closure, instead of on 5 May 2017.

Eltel plans to merge parts of its aviation and security business with the Communication business and divest remaining entities

In January 2017, Eltel announced the merger of its fixed and mobile communication businesses into one business unit, Communication. During the ongoing integration process, it has become evident that there...

March 2017

Eltel to postpone its Annual General Meeting until 1 June 2017

Eltel’s Board of Directors has decided to postpone its 2017 Annual General Meeting. Instead of the planned date 28 April 2017, the Meeting will be held on 1 June 2017.

Eltel’s Nomination Committee proposes Ulf Mattsson as the new Chairman of the Board of Directors to Eltel’s Annual General Meeting 2017

The Nomination Committee of Eltel proposes to elect Ulf Mattsson as a new board member and the new Chairman of the Board of Directors to the Annual General Meeting 2017. The current chairman Ulf Lundahl...

Eltel’s communication business wins new frame agreements for fibre deployment in Germany

Eltel has won several important contracts to deploy fibre networks for a leading German tele operator. The agreements cover a period from 2017 to 2018 and will strengthen Eltel’s market position in the G...

February 2017

Eltel Group: Full-year report January–December 2016

Net sales amounted to EUR 1,399.8 million (1,254.9), up 13.5% in local currencies, organic net sales increased by 1.8%* Operative EBITA amounted to EUR 2.1 million (62.2) or 0.1% of net sales (5.0). Write-downs...

Eltel’s Q4 and FY 2016 operative EBITA significantly below previous guidance – Q4 report to be published one day earlier

On 26 January 2017, Eltel estimated that Group’s full-year 2016 operative EBITA would be in the range EUR 17-22 million and EUR 0-6 million in the fourth quarter 2016. Based on conclusions in the conducted i...

Invitation to Eltel’s full year and fourth quarter 2016 interim report presentation

Eltel will publish its full year and interim report for the fourth quarter 2016 on Wednesday 22 February 2017 at approximately 08.00 am CET. Eltel’s CEO Håkan Kirstein and interim CFO Lars Nilsson will ho...

Eltel fixed communication business makes progress in fibre deployment in Norway

Eltel is addressing the growing need for optical fibre deployment in Europe. The company offers a unified process for fibre roll-outs based on 10 years of experience with leading teleoperators in Northern...

Eltel makes structural and managerial changes in the Power and Communication segments

With the aim to improve efficiency and profitability, Eltel has decided on certain changes within the company’s two main segments; Power and Communication. In the power transmission business, a unit h...

Eltel’s Nomination Committee for the AGM 2017 to be expanded by Solero Luxco S.á.r.l. as a fifth member

Eltel’s previously announced Nomination Committee for the Annual General Meeting 2017 (AGM 2017) will be expanded by Solero Luxco S.á.r.l. as a fifth member. Following the recent flagging by Solero Lu...

Eltel’s smart metering roll-out in progress in Norway – roll-out starting up in Denmark

Eltel’s smart metering roll-out in Norway has passed an important milestone and the company is now making over 1,000 installations per day. Eltel and Hafslund Nett signed a smart metering roll-out contract f...

Eltel postpones the publishing of the Group’s fourth quarter and full-year 2016 interim report

Eltel has decided to postpone the publishing of the Group’s fourth quarter and full-year 2016 interim report. The former publishing date Friday 10 February 2016 has been changed to Wednesday 22 February 2...

January 2017

Eltel’s fourth quarter and full-year 2016 operative EBITA below previous guidance

In connection with Eltel’s third quarter 2016 reporting, the company estimated that the Group’s operative EBITA would be in the range of EUR 27-32 million for the full-year 2016 and EUR 10-15 million for...

Changes in Eltel’s Nomination Committee composition for the AGM 2017

Following the recent change in the ownership of Eltel AB, the composition of Eltel’s Nomination Committee has changed. As of 20 January 2017, the four largest shareholders of Eltel are: Zeres Capital, t...

Change in Eltel’s Group Management Team – Dariush Rezai to leave Eltel

Dariush Rezai, President of Eltel’s business unit Mobile Communication will leave Eltel to take on the position as President of Sweco Denmark in spring 2017. He will continue in his position at Eltel u...