Press releases
December 2016
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 builds a wireless system for energy consumption control in Denmark
Eltel has signed a contract with the utility Frederiksberg Forsyning A/S in Copenhagen to build a wireless network for remote control of energy consumption meters for gas, electricity and heating. As part...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...
Eltel’s power distribution business wins a new wind power contract in Finland
Eltel’s power distribution business has won a new contract with Suomen Hyötytuuli Oy to act as the prime contractor to build the infrastructure for a ten turbine wind power park in Raahe in Northern Fi...
Eltel wins Huawei’s European Health & Safety Award 2016
Eltel has won Huawei’s European Health & Safety Award 2016. The announcement was made at Huawei’s Europe Partner Convention 2016 in Dusseldorf in October 2016. Huawei is one of the world’s leading provi...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
Eltel technicians restoring power in Finland after “Rauli” storm
The “Rauli” storm moved through Finland during the weekend and it was one of the most massive summer storms in many years. The strong storm wind caused massive power outages and almost 200,000 households wen...