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...
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...
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’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 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...
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 ...
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...
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...
Since almost ten years Eltel has been a trusted partner for Huawei in several of its European markets. Eltel has now signed a new three-year frame agreement with Huawei to implement LTE and modernisation...
Eltel has signed an agreement with Banedanmark regarding operation, support and maintenance of network installations and technical IT systems. The contract period starts in October 2016 and runs for a...
The CEO of Eltel, Axel Hjärne, has decided to leave his position. Axel Hjärne has been with Eltel for twelve years, and he has been CEO for the last seven years. Over these years Eltel has grown significantly f...
The shareholders of Eltel AB (publ) (company register number 556728-6652) are hereby invited to an Extraordinary General Meeting to be held on Monday 20 June 2016 at 13.00 CET.
January–March 2016. Net sales amounted to EUR 287.5 million (239.0), up 23.2%* in local currencies, organic net sales decreased by 0.4%*. Operative EBITA amounted to EUR 3.2 million (5.3) or 1.1% of n...
Eltel will publish its interim report for the first quarter 2016 on Wednesday 11 May 2016 at approximately 8.00 am CET. Eltel’s CEO Axel Hjärne and CFO Gert Sköld will host a presentation in English sta...
Eltel has completed the previously announced acquisitions of U-SERV GmbH and the metering related field operations of EVB Billing und Services GmbH. By the acquisition of U-SERV Eltel becomes the 100%...
On 30 March 2016, the Market Court in Finland dismissed as time barred the allegations by the Finnish Competition and Consumer Authority (FCCA) that Eltel would have violated competition law. The allegations...
Eltel’s power distribution business acquires the metering service company U-SERV Eltel has today signed a contract to acquire U-SERV GmbH, a company operating in the electricity and gas metering sector i...
Eltel, as a partner in a joint venture with two other companies, has signed a new three-year agreement to build and maintain the fibre network of TDC Group in Denmark. The estimated value of Eltel’s s...
The Nomination Committee of Eltel AB has unanimously resolved to propose Gunilla Fransson as new board member of Eltel AB. On 29 March 2016, the Nomination Committee announced its proposals for the Annual...
Eltel has today published its Annual Report 2015 on the company’s website https://www.eltelgroup.com/en/eltel-annual-report-2015/. The Report is available in Swedish and English. The printed copies o...
The Board of Directors of Eltel AB (publ.) has decided to issue 537,000 class C shares and exercise its repurchase authorisation to secure Eltel’s obligations under its Long Term Incentive Programme 2...
Eltel is expanding its railway signalling services business further and acquires Celer Oy, a Finnish signalling services company. Celer is a well recognised player in the Finnish railway market with an...
The Market Court in Finland has on 30 March 2016 dismissed as time barred the allegations of Eltel's competition law violations in its power transmission line construction business in Finland. The Finnish...
Correction: Håkan Kirstein is currently a member of the Board of Directors of Axis AB. Håkan Kirstein has previously been acting CEO of Imtech Nordic AB, CEO of StatoilHydro Sverige AB and Niscayah Group A...
The shareholders of Eltel AB (publ) (company register number 556728-6652) are hereby invited to the Annual General Meeting to be held on Monday 2 May 2016 at 10.00 CET.
Eltel has won a substation contract for a turnkey delivery of a new 420 kV substation for Statnett in Norway. The contract is another important step in strengthening Eltel’s position in the 420 kV Nordic s...
Following the recent change in the ownership of Eltel AB, the composition of Eltel's Nomination Committee has changed. As of 25 February 2016, the four largest shareholders of Eltel are: Zeres Capital,...
January - December 2015. Net sales EUR 1,254.9 million (1,242.1), at comparable exchange rates up 2.9%*; organic net sales increased 4.5%*. Operative EBITA EUR 62.2 million (61.3) or 5.0% of net sales...
Eltel has signed two power transmission contracts for reconstruction of high voltage substations with the Polish transmission grid operator, PSE S.A.. The projects are in the Jasiniec and Joachimow regions...
Eltel will publish its full year report and interim report for the fourth quarter 2015 on Friday 19 February 2016 at approximately 08.00 am CET. Eltel’s CEO Axel Hjärne and CFO Gert Sköld will host a p...
Eltel has signed a new three year frame agreement with DNA, a Finnish telecommunications operator. The new agreement will increase Eltel’s market share in the fixed communication business in Finland. T...
Eltel has won a contract for a full rebuild of the two substations Söderåsen and Mörarp of E.ON Elnät Sverige AB. The value of this contract is approximately EUR 13 million. This contract is an important fur...
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