Press releases
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 signs contract to build transmission line in Finland worth about EUR 17.5 million
Eltel’s Power business in Finland has signed an agreement with Fingrid, Finland’s national transmission system operator, to build a 45 km long 400+110 kV power transmission line in the Oulu region. The...
Eltel Finland signs a three-year telecom frame agreement worth about EUR 25 million
Eltel’s Communication business in Finland has signed a three-year continuation of its current frame agreement with a large Finnish teleoperator. The agreement covers service contracts for new mobile t...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...
Eltel’s Power business in Finland signs a two-year frame agreement worth EUR 13 million
Eltel’s Power business in Finland has signed a two-year frame agreement with Elenia, a leading Finnish electricity distribution company. The agreement covers four new network areas and is worth about E...September 2019
Eltel signs contract to build transmission line in Finland for about EUR 11 million
Eltel’s Power business in Finland has signed an agreement with Fingrid, Finland’s national transmission system operator, to build a 58 km long 400 kV power transmission line from Haapavesi to Siikalatva. The...August 2019
Change in Eltel Group Management Team
Mikael Malmgren, Strategy and Business Development Director of Eltel AB, has been appointed Chief Financial Officer, CFO, and Chief Operating Officer, COO, of Eltel Sweden as of September 1, 2019. As a...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
Eltel signs contract worth about EUR 13 million to build parts of two wind farms in Finland
Eltel’s Power business in Finland has signed an agreement with project investor Octopus and energy developer VALOREM to build the infrastructure for two new wind farms in Western Finland. The contract i...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.