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Teleste renews its segment structure and financial reporting

Company

Teleste Corporation
Stock release
April 25, 2024, at 9:00 a.m. EEST

TELESTE RENEWS ITS SEGMENT STRUCTURE AND FINANCIAL REPORTING

Teleste changes its internal reporting practices. In addition, the company has launched a change project to align the group’s legal entity structure and operational structure. During the project, business transfers will be carried out in Finland and abroad. As a result of the changes, two operating segments will be formed in accordance with the IFRS standards: Broadband Networks and Public Safety and Mobility.

Teleste will report its key financial figures according to the new segment structure from the first interim report of 2024. The group’s reported segments correspond to the group’s operating segments. The group’s common functions are treated outside the segment reporting.

Comparable figures for 2023 according to the new segment structure 

Net sales,
1000 EUR 		1‒3
2023		  4-6
2023		 7-9
2023		 10-12
2023		 1-12
2023
Broadband Networks 30 428 25 756 21 068 15 384 92 455
Public Safety and Mobility 14 913 14 527 14 170 15 283 58 894
Non-allocated 0 0 0 0 0
Total 45 341 40 103 35 238 30 667 151 349
Adjusted EBITDA,
1000 EUR 		1‒3
2023		  4-6
2023		 7-9
2023		 10-12
2023		 1-12
2023
Broadband Networks 3 371 2 718 1 627 1 187 8 902
Public Safety and Mobility 708 800 943 313 2 763
Non-allocated -1 147 -1 490 -658 -1 146 -4 441
Total 2 932 2 028 1 911 353 7 224
Adjusted operating result,
1000 EUR		 1‒3
2023		  4-6
2023		 7-9
2023		 10-12
2023		 1-12
2023
Broadband Networks 2 659 2 020 1 004 306 5 989
Public Safety and Mobility -51 65 174 -578 -389
Non-allocated -1 147 -1 490 -658 -1 146 -4 441
Total 1 460 596 520 -1 418 1 158
Orders received,
1000 EUR 		1‒3
2023		  4-6
2023		 7-9
2023		 10-12
2023		 1-12
2023
Broadband Networks 31 151 16 580 23 648 16 696 88 348
Public Safety and Mobility 9 656 13 693 22 769 15 090 61 208
Non-allocated 0 0 0 0 0
Total 40 807 30 273 46 417 32 059 149 556
Order book,
1000 EUR 		31.3.
2023		  30.6.
2023		 30.9.
2023		 31.12.
2023
Broadband Networks 33 203 24 208 26 798 28 382
Public Safety and Mobility 94 420 93 585 102 174 101 982
Non-allocated 0 0 0 0
Total 127 623 117 793 128 972 130 364

The above restated 2023 key figures according to the new operating segments are unaudited.


TELESTE CORPORATION

Esa Harju
CEO

Additional information:

Esa Harju
CEO

Juha Hyytiäinen
CFO

Tel. +358 2 2605 611

investor.relations@teleste.com

About Teleste
Teleste offers an integrated product and service portfolio that makes it possible to build and run a better networked society. Our solutions bring television and broadband services to you, secure your safety in public places and guide your use of public transport. With solid industry experience and drive for innovations, we are a leading international company in broadband, security and information technologies and related services. We connect with our customers through a global network of offices and partners. In 2023, Teleste’s net sales reached EUR 151.3 million and it had approximately 800 employees. Teleste is listed on Nasdaq Helsinki. For more information, visit www.teleste.com.