Teleste says its net sales fell during Q2, but while demand from European networks remains low, deliveries in North America have increased.
The Finnish broadband tech form said net sales decreased by 26.3% to €29.5 million.
President & CEO Esa Harju said the outlook for the full year remains “overshadowed by uncertainty in the European network operator markets and related low market demand”.
Job losses and efficiency savings have been able to compensate for the lack of demand in Europe, which is not expected to recover in 2024.
The commercial delivery volumes of the 1.8GHz ICON smart amplifiers in North America have started to increase, partially compensating for the low demand in Europe. However, North America’s share of the total Broadband Networks business volume in 2024 is still moderate but is expected to gradually increase.
