Teleste Corporation reported improved profitability in the first quarter of 2026, despite flat revenues and lower order intake.
Net sales remained unchanged year-on-year at €32.2 million, while adjusted EBITDA increased 12.8% to €3.1 million. Adjusted operating profit rose 29% to €1.9 million and earnings per share more than doubled to €0.07.
The company said profitability improvements were driven by gross margin protection, revenue mix and cost discipline across both its Networks and Public Safety and Mobility businesses.
Orders received declined 15.8% to €31.2 million, although the order backlog remained strong at €113.6 million.
President and CEO Esa Harju said operational execution was “at a very good level” in both business segments.
In the renamed Networks segment, formerly Broadband Networks, Teleste said deliveries continued largely as planned, helped by favourable product and market mix alongside disciplined cost management. The company also confirmed it continued investments aimed at strengthening its long-term position in North America.
Teleste maintained its full-year guidance unchanged, expecting 2026 net sales of between €140 million and €160 million, with adjusted operating profit forecast at €7-10 million.
The company said profit generation is expected to be weighted toward the second half of the year, while warning geopolitical tensions, trade policy changes and US dollar movements continue to create uncertainty in the operating environment.
