Press releases

Press releases

May 2018

Resolutions by Eltel’s 2018 Annual General Meeting

Today, Wednesday 9 May 2018, Eltel AB held its 2018 Annual General Meeting (AGM).

Eltel Group: Interim report January–March 2018

January–March 2018 Group net sales decreased 10.5% to EUR 266.6 million (297.8), mainly as a result of divestments and on-going discontinuation of non-core operations, in line with the transformation s...

Conclusion regarding previous CEO, Chairman and owners

  Due to the fact that former President Axel Hjärne, and former Chairman of the Board Gérard Mohr were denied discharge of liability by Eltel’s Annual General Meeting on 1 June 2017, the Board has...

April 2018

Invitation to Eltel’s first quarter 2018 interim report presentation

Eltel will publish its report for the first quarter 2018 on Friday 4 May 2018 at approximately 08.00 am CET. Eltel’s CEO Håkan Kirstein and CFO Petter Traaholt will host a presentation via audiocast in...

Casimir Lindholm appointed as Eltel’s new President and CEO

Eltel’s Board of Directors has appointed Casimir Lindholm as the new President & CEO of Eltel AB (Eltel) effective 1 September 2018. Casimir Lindholm was until recently President & CEO of Lemminkäinen Oy...

Eltel has published its Annual Report 2017

Eltel has today published its Annual Report 2017 on the Company’s website https://www.eltelgroup.com/en/section/investors/financial-reports/annual-reports/. The Report is available in Swedish and English. P...

Notice to the Annual General Meeting 2018 in Eltel AB

The shareholders of Eltel AB (publ) (Reg. No. 556728-6652) (“Eltel”) are hereby invited to the Annual General Meeting to be held on Wednesday, 9 May 2018 at 14.00 CEST.

March 2018

Eltel completes divestment of rail operations in Sweden

The divestment of Eltel’s Swedish rail operations to Strukton Rail AB, announced on 12 March 2018, has now been completed.

Eltel signs a letter of intent with STRABAG AG in Germany to boost broadband fibre rollouts

Eltel in Germany has signed a letter of intent (LOI) with STRABAG AG to boost broadband fibre rollouts. The LOI comprises design, planning and building networks in Germany. The focus will be on delivering...

Eltel signs a letter of intent to divest its rail operations in Sweden

Eltel has today signed a letter of intent to divest its Swedish rail operations, consisting of key customer contracts, employees and operational equipment, to Strukton Rail AB, a company providing solutions...

Eltel in Finland signs a EUR 30 million frame agreement for power distribution

Eltel has signed a three-year frame agreement with Caruna Oy in Finland at a value of approximately EUR 30 million. The agreement comprises building and modernisation of the power distribution network...

Eltel´s letter of intent to divest Power Transmission International has expired

The amendment to prolong the letter of intent to divest Eltel’s Power Transmission International (PTI) business operations to Encomm Sweden AB has expired.

February 2018

Eltel Group: Full-year report January–December 2017

October–December 2017. Group net sales decreased 3.3% to EUR 374.2 million (387.1), mainly as a result of divestments and on-going discontinuation of non-core operations and unprofitable contracts, in l...

Invitation to Eltel’s full year and fourth quarter 2017 interim report presentation

Eltel will publish its full year and interim report for the fourth quarter 2017 on Thursday 22 February 2017 at approximately 08.00 am CET. Eltel’s CEO Håkan Kirstein and CFO Petter Traaholt will host a ...

Eltel in Finland awarded renewal of telecom frame agreement worth EUR 30 million

Eltel's Communication business in Finland has been awarded a renewal of a frame agreement, for the next two years, at a total value of approximately EUR 30 million.

January 2018

Eltel completes divestment of rail operations in Finland

Eltel’s sale of its rail business operations in Finland to Winco Oy, a wholly owned subsidiary of Graniittirakennus Kallio Oy, announced on 15 November 2017, has now been completed.

Eltel completes sale of Danish rail operations

Eltel has today completed the sale of its rail operations in Denmark to Strukton Rail A/S.

Eltel’s Swedish Aviation and Security business will be merged into the new business unit Sweden

Eltel has decided to retain the Swedish Aviation and Security business (Aviation and Security), which previously was planned to be divested. The operations will instead be integrated with business unit...

Eltel implements country-based organization

Eltel has decided to change the governance structure of its Core business, Segment Power and Segment Communication, from the current business unit-centric organization to a country and market-driven organization....

Eltel increases Finnish domestic commercial paper program to EUR 150 million

Eltel AB has increased the Finnish domestic commercial paper program, signed in September 2015, to EUR 150 million. The program facilitates issuance of commercial papers with tenors less than one year...