Press releases
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...Eltel’s Power business wins new gas adjustment contracts with utilities in Germany
Eltel has won three new contracts with gas utilities in Germany for the time period 2017–2022. The contracts with Avacon GmbH and BS Netz GmbH comprise gas installation adjustments to change the natural g...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’s rights issue fully subscribed
The information in this press release is not intended for distribution, publication or public release, directly or indirectly, in or into, Australia, Canada, Japan, the United States or any other jurisdiction...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 publishes prospectus
The information in this press release is not intended for distribution, publication or public release, directly or indirectly, in or into, Australia, Canada, Japan, the United States or any other jurisdiction...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
The terms for Eltel’s rights issue are set
The information in this press release is not intended for distribution, publication or public release, directly or indirectly, in or into, Australia, Canada, Japan, the United States or any other jurisdiction...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...
Eltel’s power distribution customers in Finland use their options to extend current agreements till early 2019
Finnish power distribution utilities and street lighting owners utilise their options to extend current frame agreements with Eltel. Caruna Oy and Caruna Espoo Oy use their 14-month options to continue...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...Eltel announces rights issue
The information in this press release is not intended for distribution, publication or public release, directly or indirectly, in or into, Australia, Canada, Japan, the United States or any other jurisdiction...Eltel’s Annual Report 2016 – auditors advice against discharge from liability for former Chairman Gérard Mohr and former CEO Axel Hjärne
Eltel has published its Annual Report 2016 on the company’s website.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 fixed communication business makes progress in fibre deployment in Norway
Eltel is addressing the growing need for optical fibre deployment in Europe. The company offers a unified process for fibre roll-outs based on 10 years of experience with leading teleoperators in Northern...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...