Press releases

July 2020

Eltel Group: Interim report January–June 2020

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% (...

Invitation to Eltel’s Q2 2020 report presentation

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...

May 2020

Resolutions by Eltel AB’s Annual General Meeting 2020

Today, 4 May 2020, Eltel AB (publ) held its Annual General Meeting (AGM) 2020.

April 2020

Eltel Group: Interim report January–March 2020

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 -...

Eltel AB enables the shareholders to use postal voting ahead of the Annual General Meeting 2020

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...

Invitation to Eltel’s Q1 2020 report presentation

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 signs a five-year frame agreement worth EUR 90 million

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...

Eltel has published its Annual Report 2019

Eltel has today published its Annual Report 2019 on Eltel Group’s website.

Notice to the Annual General Meeting 2020 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 4 May 2020 at 14:00 CET.

March 2020

Eltel divests its Swedish business area Aviation & Security

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...

February 2020

Eltel Group: Full-year report January–December 2019

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 -...

Invitation to Eltel’s full year 2019 report presentation

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...

January 2020

Eltel divests its German Communication business

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....

December 2019

Changes in Eltel’s Group Management Team

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.

November 2019

Eltel Group: Interim report January–September 2019

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...

October 2019

Eltel’s Nomination Committee composition for the AGM 2020

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 ...

Invitation to Eltel’s third quarter 2019 interim report presentation

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...

Change in Eltel Management Team – CFO Petter Traaholt to leave Eltel

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...

August 2019

Eltel divests its Polish Communication business

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...

July 2019

Eltel Group: Interim report January–June 2019

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% (...

Invitation to Eltel’s second quarter 2019 interim report presentation

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...

June 2019

Eltel and LFV signs letter of intent

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...

May 2019

Resolutions by Eltel’s 2019 Annual General Meeting

Today, Tuesday 7 May 2019, Eltel AB held its 2019 Annual General Meeting (AGM).

April 2019

Eltel Group: Interim report January–March 2019

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% (...

Invitation to Eltel’s first quarter 2019 interim report presentation

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...

Eltel has published its Annual Report 2018

Eltel has today published its Annual Report 2018 on Eltel Group’s website.

Notice to the Annual General Meeting 2019 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 Tuesday, 7 May 2019 at 14.00 CEST.

Eltel focuses on the Nordic market – evaluates strategic alternatives for its Polish and German operations

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. 

March 2019

Amendments to Eltel’s financing agreement

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...

February 2019

Eltel Group: Full-year report January–December 2018

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...

Invitation to Eltel’s full year and fourth quarter 2018 interim report presentation

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...

January 2019

Number of shares and votes in Eltel AB

Today, on 31 January 2019, the total number of shares in Eltel amounts to 157,499,081 and the total number of votes amounts to 156,734,081.

Change in Eltel Group Management Team

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.

December 2018

Changes in Eltel Group Management Team

Leif Göransson has been appointed Managing Director of Eltel Networks Infranet AB with responsibility for Eltel’s business in Sweden.

November 2018

Eltel Group: Interim report January–September 2018

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% (...

October 2018

Invitation to Eltel’s third quarter 2018 interim report presentation

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...

Eltel’s Nomination Committee composition for the AGM 2019

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 ...

Changes in Eltel Group Management Team

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...

September 2018

Resolutions by Eltel AB (publ)’s Extraordinary General Meeting 2018

On Monday 17 September 2018 Eltel AB (publ) held an Extraordinary General Meeting (EGM) at Eltel’s headquarters in Stockholm.

August 2018

Notice to Extraordinary General Meeting in Eltel AB

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.

Eltel Group: Interim report January–June 2018

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...

Invitation to Eltel’s second quarter 2018 interim report presentation

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...

July 2018

Eltel divests rail operations in Norway

Eltel has today signed an agreement to divest its Norwegian rail operations to Æra AS, a wholly owned subsidiary of Jotunfjell Partners AS.

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 ...

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...

December 2017

Eltel in Denmark awarded contracts to support City of Copenhagen in reducing energy consumption

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 wins a two-year nationwide service contract with Telia in Finland

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...

Eltel signs an amendment to the letter of intent to divest Power Transmission International

Eltel has signed an amendment to the letter of intent to divest its Power Transmission International (PTI) business operations to Encomm Sweden AB.

Change in Eltel’s Group Management Team

Karin Lagerstedt Woolford has been appointed new Head of Human Resources and a member of the Eltel Group Management Team as of January 29, 2018.

November 2017

Eltel’s Nomination Committee proposes Joakim Olsson as new Board member

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...

Eltel to sell its rail business operations in Finland

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...

Eltel Group: Interim report January – September 2017

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...

October 2017

Invitation to Eltel’s third quarter 2017 interim report presentation

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...

Eltel’s Nomination Committee composition for the AGM 2018

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 completes the divestment of its business operations in Estonia

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...

September 2017

Eltel signs a letter of intent to divest Power Transmission International

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 adjusts terms of its long-term incentive programmes

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...

August 2017

Eltel to divest its business operations in Estonia

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. ...

Eltel Group: Interim Report January–June 2017

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...

Change in Eltel’s Group Management Team

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...

Invitation to Eltel’s second quarter 2017 interim report presentation

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...

July 2017

Number of shares and votes in Eltel AB

As previously announced, the number of shares and votes in Eltel AB (publ) has increased through the company’s recently executed rights issue.

Eltel sells its business operations in Latvia

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’s Power business signs a new multi-year building agreement with Ellevio in Sweden

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...

June 2017

Changes in Eltel’s Group Management Team

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,...

Eltel divests part of its Communication business in Poland

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...

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

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...

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...

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 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 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...

December 2016

Eltel’s power distribution business and Finnish Caruna have signed a new frame agreement for cabling projects in Finland

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 signs agreement with its banks on temporary reset of financial covenant levels

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 decides on immediate operational actions in its project business

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...

November 2016

Eltel appoints Lars Nilsson as interim CFO

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...

Eltel Group: Interim Report January–September 2016

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)

Ulf Lundahl to take over as chairman of Eltel AB’s Board of Directors

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 agreed on the extension of its contract with Trafikverket in Sweden

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...

October 2016

Invitation to Eltel’s third quarter 2016 interim report presentation

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...

Correction: Eltel’s Nomination Committee composition for the AGM 2017

Correction: Marianne Flink is the representative of Swedbank Robur Fonder AB.

Eltel’s Nomination Committee composition for the AGM 2017

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.

Eltel’s third quarter and full-year 2016 result significantly impacted by previously communicated challenges in certain projects

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...

Eltel AB – share purchase for long term incentive programme 2016 completed

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...

September 2016

Eltel’s power distribution business wins a three-year contract in Finland at a value of approximately EUR 18 million

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...

Change to Eltel’s Group Management Team – Henrik Sundell appointed as General Counsel

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...

High participation rate in Eltel’s long-term incentive programme 2016

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 ...

August 2016

Håkan Kirstein appointed as Eltel’s new CEO

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’s power transmission business wins five new contracts in Finland at a total value of approximately EUR 18 million

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....

Eltel Group: Interim Report January–June 2016

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...

Eltel’s second quarter 2016 results to be impacted by a EUR 10 million provision in one rail project in Norway

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 wins a power transmission contract in the UK at a value of almost EUR 45 million

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...

Invitation to Eltel’s second quarter 2016 interim report presentation

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’s power transmission business wins a contract with Statnett in Norway at a value of approximately EUR 50 million

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...