Eltel’s Communication business in Finland has signed a three-year continuation of a current frame agreement with Telia regarding fixed and mobile telecom services. The agreement is worth about EUR 110 m...
Eltel’s Communication business in Norway has signed a three-year continuation of a current frame agreement with Telenor, Norway’s largest provider of telecommunications and digital services. The agreement cov...
July–September 2020 Net sales EUR 226.7 million (281.8). Total growth -19.6% and organic growth1) in Power and Communication -12.3% Operative EBITA2) EUR 6.7 million (4.1) and operative EBITA margin 2...
Pursuant to the instruction for Eltel AB´s Nomination Committee the company shall have a Nomination Committee comprising one representative for each of the four largest shareholders, registered with Euroclear ...
Eltel will publish its interim report for the third quarter 2020 on Thursday 5 November 2020 at approximately 08.00 am CET. Eltel’s CEO Casimir Lindholm and CFO Saila Miettinen-Lähde will host a presentation vi...
April–June 2020 Net sales EUR 245.5 million (276.0). Total growth -11.1% and organic growth1) in Power and Communication -3.3% Operative EBITA2) EUR 2.8 million (2.5) and operative EBITA margin 1.2% (...
Eltel will publish its interim report for the second quarter 2020 on Thursday 23 July 2020 at approximately 08.00 am CET. Eltel’s CEO Casimir Lindholm and CFO Saila Miettinen-Lähde will host a presentation vi...
January–March 2020 Net sales EUR 236.6 million (251.0). Total growth -5.7% and organic growth1) in Power and Communication -1.5% Operative EBITA2) EUR -2.1 million (-3.0) and operative EBITA margin -...
The Board of Directors of Eltel AB (publ) (“Eltel”) has decided that the shareholders may exercise their right to vote at the upcoming Annual General Meeting on 4 May 2020 by voting in advance by postal vot...
Eltel will publish its interim report for the first quarter 2020 on Wednesday 29 April 2020 at approximately 08.00 am CET. Eltel’s CEO Casimir Lindholm and CFO Saila Miettinen-Lähde will host a presentation vi...
Eltel’s Power business in Finland has signed a five-year frame agreement with Helen Electricity Network Ltd, one of Finland’s largest power distribution companies, to construct and maintain the electricity dis...
The shareholders of Eltel AB (publ) (Reg. No. 556728-6652) (“Eltel”) are hereby invited to the Annual General Meeting to be held on 4 May 2020 at 14:00 CET.
Eltel has signed an agreement to divest its business area Aviation & Security to LFV, Air Navigation Services of Sweden. The total consideration of the transaction is about EUR 17 million. The transaction...
October–December 2019 Net sales EUR 278.9 million (330.9). Total growth -15.7% and organic growth1 in Power and Communication -10.9% Operative EBITA2 EUR -14.9 million (2.9) and operative EBITA margin -...
Eltel will publish its full year and interim report for the fourth quarter 2019 on Friday 14 February 2020 at approximately 08.00 am CET. Eltel’s CEO Casimir Lindholm and CFO Petter Traaholt will host a...
Eltel has signed an agreement to divest its German Communication business to Circet Group, a European telecom network service provider. The total consideration of the transaction is about EUR 19 million....
Saila Miettinen-Lähde has been appointed new Chief Financial Officer (CFO) of Eltel and joins the Group Management Team. Saila assumes her position as of 1 March 2020.
July–September 2019 Net sales EUR 281.8 million (295.9). Total growth -4.8% and organic growth(1) in Power and Communication -2.9% Operative EBITA(2) EUR 4.1 million (0.5) and operative EBITA margin 1...
Pursuant to the instruction for Eltel AB´s Nomination Committee the company shall have a Nomination Committee comprising one representative for each of the four largest shareholders, registered with Euroclear ...
Eltel will publish its interim report for the third quarter 2019 on Thursday 7 November 2019 at approximately 08.00 am CET. Eltel’s CEO Casimir Lindholm and CFO Petter Traaholt will host a presentation v...
Petter Traaholt, Chief Financial Officer (CFO) of Eltel, will leave the company to assume the position as CFO at V.Group, the leading ship management and marine services provider based in London. A search...
Eltel has signed an agreement to divest its Polish Communication business to VINCI Energies, a global player in concessions and contracting. The total consideration of the transaction is about EUR 12.7...
April–June 2019 Net sales EUR 276.0 million (295.5). Total growth -6.6% and organic growth(1 in Power and Communication -6.4% Operative EBITA(2 EUR 2.5 million (2.0) and operative EBITA margin 0.9% (...
Eltel will publish its interim report for the second quarter 2019 on Wednesday 24 July 2019 at approximately 08.00 am CET. Eltel’s CEO Casimir Lindholm and CFO Petter Traaholt will host a presentation v...
Eltel and LFV, Air Navigation Services of Sweden, have signed a letter of intent to which Eltel will transfer the business area Aviation & Security to LFV. In the letter of intent, both parties undertake...
January–March 2019 Net sales EUR 251.0 million (266.6). Total growth -5.9% and organic growth1 in Power and Communication -2.0% Operative EBITA2 EUR -3.0 million (-7.6) and operative EBITA margin -1.2% (...
Eltel will publish its interim report for the first quarter 2019 on Friday 26 April 2019 at approximately 08.00 am CET. Eltel’s CEO Casimir Lindholm and CFO Petter Traaholt will host a presentation via a...
The shareholders of Eltel AB (publ) (Reg. No. 556728-6652) (“Eltel”) are hereby invited to the Annual General Meeting to be held on Tuesday, 7 May 2019 at 14.00 CEST.
In line with the new strategy, Operational Excellence, Eltel has initiated a strategic evaluation of the company's operations outside the Nordics, including a potential divestment.
Eltel has agreed with its banks on certain amendments to its existing financial agreement that matures in Q1 2021. The new amendments include financial covenants and a plan to reduce net debt during the...
October–December 2018 Net sales EUR 330.9 million (374.2). Total growth -11.6% and organic growth* in Power and Communication -5.1% Operative EBITA** EUR 2.9 million (2.2) and operative EBITA margin 0...
Eltel will publish its full year and interim report for the fourth quarter 2018 on Thursday 14 February 2019 at approximately 08.00 am CET. Eltel’s CEO Casimir Lindholm and CFO Petter Traaholt will host a...
Elin Otter has been appointed new member of the Eltel Group Management Team as of January 1, 2019. Elin was employed at Eltel in June 2018 as Head of Group Communications.
July–September 2018 Net sales EUR 295.9 million (328.0). Total growth -9.8% and organic growth in Power and Communication* 1.4% Operative EBITA** EUR 0.5 million (3.1) and Operative EBITA margin 0.2% (...
Eltel will publish its report for the third quarter 2018 on Wednesday 7 November 2018 at approximately 08.00 am CET. Eltel’s CEO Casimir Lindholm and CFO Petter Traaholt will host a presentation via au...
Pursuant to the instruction for Eltel AB´s Nomination Committee the company shall have a Nomination Committee comprising one representative for each of the four largest shareholders, registered with Euroclear ...
Peter Uddfors, Group Management Team member and Managing Director Eltel Sweden, has decided to resign and is leaving his position after a short transition period. Casimir Lindholm, President and CEO of...
The shareholders of Eltel AB (publ) (Reg. No. 556728-6652) (“Eltel”) are hereby invited to an Extraordinary General Meeting to be held on Monday, 17 September 2018 at 14.00 CEST.
April–June 2018. Group net sales decreased 10.4% to EUR 295.5 million (329.8), mainly as a result of divestments and on-going discontinuation of non-core operations, in line with the transformation strategy. N...
Eltel will publish its report for the second quarter 2018 on Thursday 9 August 2018 at approximately 08.00 am CET. Eltel’s CEO Håkan Kirstein and CFO Petter Traaholt will host a presentation via audiocast in...
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...
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...
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...
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 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...
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.
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 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 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...
The amendment to prolong the letter of intent to divest Eltel’s Power Transmission International (PTI) business operations to Encomm Sweden AB has expired.
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...
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’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 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 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 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...
Eltel’s Power business in Denmark has been awarded a fixed price assignment and a framework agreement with the City of Copenhagen to replace existing lights with energy efficient LED lighting. The total v...
Eltel’s business unit Communication has won a two-year service contract with Telia Finland Oyj at an expected value of approximately EUR 30 million per year. The contract comprises field services in c...
The Nomination Committee of Eltel has resolved
to propose Joakim Olsson as new member of the Board of Directors effective, at the latest, as of the company’s next Annual General Meeting (AGM). Given t...
Today, Eltel has signed an agreement to sell its Finnish rail business operations to Graniittirakennus Kallio Oy, a leading infrastructure constructor operating in Finland, Sweden and Estonia. Eltel’s r...
July – September 2017 Group net sales decreased to EUR 328.0 million (356.2), mainly as a result of the discontinuation of non-core operations and unprofitable contracts Net sales in the Core business, i...
Eltel will publish its interim report for the third quarter 2017 on Thursday 2 November 2017 at approximately 08.00 am CET. Eltel’s CEO Håkan Kirstein and CFO Petter Traaholt will host a presentation vi...
Pursuant to the instruction for Eltel AB´s Nomination Committee the company shall have a Nomination Committee comprising one representative for each of the four largest shareholders, registered with Euroclear ...
Eltel’s sale of its business operations in Estonia to Estonian Tecnolines OÜ, announced on 30 August 2017, has now been approved by the Estonian Competition Authorities and the transaction has consequently be...
Today, Eltel has signed a letter of intent to divest its Power Transmission International (PTI) business operations to Encomm Sweden AB, a newly established Swedish company ultimately owned by EnComm Ltd,...
Eltel’s Board of Directors has decided to adjust the calculation of the so-called Matching Shares in the company’s long-term incentive programmes (LTIP), initiated in 2015 and 2016, in order to compensate for...
Today, Eltel has signed an agreement to sell its business operations in Estonia to Estonian Tecnolines OÜ, a company which operates in the Estonian networks design, construction and maintenance sector. ...
January–June 2017 Group net sales amounted to EUR 627.6 million (656.6), down 3.8% in local currencies Group operative EBITA amounted to EUR -30.7 million (8.9)* EBIT amounted to EUR -183.0 million (1.7) i...
Thomas Rebermark has been appointed head of Marketing and Communications and member of the Group Management Team as of 1 November 2017. He is joining from Rejlers AB where he has the position as Group...
Eltel will publish its interim report for the second quarter 2017 on Thursday 17 August 2017 at approximately 08.00 am CET. Eltel’s CEO Håkan Kirstein and CFO Petter Traaholt will host a presentation vi...
Today, Eltel has sold its business operations in Latvia in a management buy-out whereby Jurijs Kokorevics (District Manager at Eltel) acquires 100 percent of the shares in SIA Eltel Networks. Eltel’s L...
Eltel has signed a new power distribution building agreement with Ellevio AB to build new local underground electric networks in Sweden. The scope is turnkey from design to commissioning and the entire...
Petter Traaholt has been appointed new Chief Financial Officer (CFO) of Eltel and joins the Group Management Team. He replaces the interim CFO Lars Nilsson as of 1 July 2017. Moreover, Mikael Johansson,...
In February 2017, Eltel decided on a new strategy to focus its business on the company’s stable and profitable core businesses in Power and Communication in the Nordic region and Poland and selectively c...
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...
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.
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 (...
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...
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'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...
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...
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.
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 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...
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...
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...
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...
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 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 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...
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...
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...
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...
Eltel and Finnish power distribution system operator Caruna Oy have signed a three-year frame agreement to improve the medium voltage power distribution network in central and southwestern regions of Finland....
Eltel has signed an amendment agreement of its existing financing agreement with its banks on temporary resetting of the leverage covenant covering the time period from the fourth quarter 2016 until the...
Eltel’s previously communicated ongoing operational review of its project business, following performance deviations during 2016, has now resulted in several decided immediate actions. These actions, t...
Eltel AB’s CFO Gert Sköld is due to excessive workload in recent months on temporary leave of absence to recover. Eltel has hired Mr Lars Nilsson (60) as the interim CFO during Mr Sköld’s leave of absen...
Net sales amounted to EUR 1,012.7 million (857.6), up 20.6% in local currencies, organic net sales increased by 3.5%*. Operative EBITA amounted to EUR 16.7 million (41.7) or 1.6% of net sales (4.9)
Eltel’s chairman of the Board of Directors, Mr Gerard Mohr, has decided to step down from his position and leave the Board of Directors with immediate effect. The Board of Directors has elected Mr Ulf L...
Eltel’s fixed communication business has signed a one-year extension of its current agreement with Trafikverket (Swedish Transport Administration). The value of the contract extension is approximately E...
Eltel will publish its interim report for the third quarter 2016 on Wednesday 9 November 2016 at approximately 8.00 am CET. Eltel’s CEO Håkan Kirstein and CFO Gert Sköld will host a presentation via aud...
The Nomination Committee of Eltel AB consists of the representatives of the four largest shareholders registered in the shareholders’ register of the company on 31 August 2016.
During 2016, Eltel has successively communicated increased market related as well as operational challenges especially in certain projects within power transmission and rail and road. These challenges...
After the successful subscription of Eltel's long term incentive programme 2016 (LTIP 2016), approved by the Extraordinary General Meeting in June and initiated in the second quarter 2016, the shares...
Eltel has signed a three-year contract with Elenia Oy to build and maintain their distribution network in Finland. The value of the contract is estimated to be approximately EUR 18 million and the contract...
Henrik Sundell has been appointed as General Counsel and a member of the Group Management Team at Eltel as of 1 October 2016. Henrik Sundell will report to Eltel’s President and CEO Håkan Kirstein. Pr...
The subscription period for Eltel’s long-term incentive programme 2016 (LTIP 2016), approved by the Group’s Extraordinary General Meeting held on 20 June 2016, took place in August 2016 and the interest in ...
Eltel’s Board of Directors has appointed Håkan Kirstein as Eltel’s new President and Chief Executive Officer. He will commence in his new position on 19 September 2016.
Eltel has recently signed five new substation and overhead line contracts in Finland with Fingrid, Caruna and Elenia, respectively. The total value of the contracts amounts to approximately EUR 18 million....
January–June 2016. Net sales amounted to EUR 656.6 million (546.8), up 23.0% in local currencies, organic net sales increased by 3.2%*. Operative EBITA amounted to EUR 8.9 million (19.2) or 1.4% of net s...
During delivery inspections of a rail project in Norway unsatisfactory technical quality in work execution have been identified and a significant amount of additional work to finalise the project is consequently...
Eltel’s 50/50 joint venture Carillion-Eltel in the UK has signed a power transmission contract for the design, procurement and construction of a new overhead line for National Grid in the UK. The total v...
Eltel will publish its interim report for the second quarter 2016 on Friday 19 August 2016 at approximately 8.00 am CET. Eltel’s CEO Axel Hjärne and CFO Gert Sköld will host a presentation via audiocast in ...
Eltel has won a new contract for building of a 420 kV transmission line for Statnett in Finnmark in Norway. This is the second major contract for Eltel in Norway this year and it further confirms Eltel’s am...
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