Teleste grew sales by 19% in 2024 as the Finnish tech firm benefitted from increased sales.
President & CEO Esa Harju said orders within the Broadband Networks segment has increased significantly. “The increase in orders was primarily due to achievements in North America, as announced in December, but the European market decline also appears to have stabilized.
“In November, we announced a multi-year cooperation agreement with Telia Finland, under which Teleste will take a full operating responsibility for the broadband and TV services carried over Telia Finland’s cable network. It is also now confirmed that we will begin delivering the next-generation DOCSIS 4.0 technologies to a significant European operator in the latter half of 2025.”
Net sales for 2024 were €36.5 million. Adjusted EBITDA was €2.1 million, representing an increase of €1.7 million.
Teleste estimates revenue for 2025 to be between €135 and 150 million, with adjusted operating profit in the range of €4 to 7 million.
