Q2 2026 Eltel AB Earnings Call Transcript
Key Points
- Eltel AB (STU:E5E) reported its best second quarter in a decade, with adjusted EBITA more than doubling to EUR 5.5 million.
- The company has achieved 12 consecutive quarters of year-over-year improvement in adjusted EBITA, highlighting consistent profitability growth.
- Norway was the largest contributor to profitability improvement, with a significant turnaround leading to a 4.9% EBITA, up from a negative 1.6% the previous year.
- Finland demonstrated strong operational performance and margin management, with an adjusted EBITA margin reaching 6.2%, up from 4.1% the previous year.
- Eltel AB (STU:E5E) signed new contracts worth EUR 217 million during the quarter, indicating strong commercial performance and future revenue stability.
- Net sales were slightly below last year at EUR 200 million, indicating a flat top-line performance.
- Denmark's performance was below expectations, with both net sales and profitability not meeting targets due to power grid connection bottlenecks and lower demand.
- The renewable energy sector remains soft, with fewer opportunities in standalone projects like wind and solar parks.
- The company's leverage remains relatively high at 3.1 times, with limited movement over the past year.
- The Danish market faces challenges due to a hold on new grid connections, impacting Eltel AB (STU:E5E)'s operations in the region.
A warm welcome to this presentation of Eltel's second quarter results. My name is Alexandra Karnlund, I am the Communications Director at Eltel. To present the results, we have Hakan Dahlstrom, CEO and President of Eltel; and Tarja Leikas, CFO of Eltel.
After their presentations, we will open up for your questions. And you can either post your questions via the web conference in the form or dial in via the phone conference. And with that, I want to hand over to you, Hakan.
Thank you, Alexandra. Good morning, and welcome also from my behalf. I would like to start saying a few words about Eltel as a reminder and also for the benefit of newcomers. We divide our business in what we call Classic Services where Eltel have 25 years of history. But during the last 3 years, we have expanded our ambition in the market with Emerging Services.
That means in the customer dimension, as we traditionally have worked more or less only
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
