Strategy and targets

Our strategy – towards sustainable profitable growth

In accordance with our strategy, Eltel is transforming into a Nordic company, based in countries in which it has a market-leading position. A Nordic focus with lower risk and fewer capital-intensive projects will enable Eltel to continue to develop, grow and invest in order to ensure long-term value creation for the company, its shareholders and society at large. Sustainability is key to our success and an integral part of our strategy.

In 2021, we completed the Operational Excellence phase of our strategy. While operational excellence remains an integral part of Eltel, our strategic focus is now on investing in Sustainable Profitable Growth as the transformation continues. This involves:

• Increasing market share in the Nordics
• Innovation and new market development
• Replicating successful business models
• Pursuing M&As in the Nordics
• Industry sustainability leadership

Our strategy will create the foundation for sustainable growth, profitability and shareholder value.

Our goals

Eltel’s strategy – towards sustainable profitable growth – is based on three goals that are mutually supportive and contribute to our success:

Satisfied customers

Engaged employees

Rewarded owners

Focus on the Nordic markets

Eltel strategically focuses on the Nordic markets in which it has a market-leading position. A Nordic focus with lower risk and fewer capital-intensive projects enables Eltel to continue to develop, grow and invest in order to ensure long-term sustainable value creation for both the company, its shareholders and society at large.

Eltel’s financial targets by end of 2025