Home › Teleste aims to sell German Cableway services ops, says Q1 net sales drop 11%
 

Keywords :   


Teleste aims to sell German Cableway services ops, says Q1 net sales drop 11%

2020-05-15 09:56:00| Telecompaper Headlines

(Telecompaper) Finnish software provider Teleste said it has decided to sell its Cableway services businesses in Germany and has announced an 11.4 percent drop in first quarter net sales with an 18.3 percent fall in adjusted operating profit. Selling the German services business operations aims to safeguard Teleste's financial position ability to invest in growth areas. Teleste said if restrictions on movement to curb coronavirus stay in effect until the end of Q2 the negative impact on its FY net sales would be significant.

Tags: net services sales sell

Category:Telecommunications

Latest from this category

All news
07.01Microsoft 365 Copilot Business Signals a New Phase of AI Adoption for SMBs
04.01From AI Ambition to Enterprise Reality: Your Playbook for Winning the AI Game
Telecommunications »
11.01The FTSE 100 has hit a record high. Is now the time to start investing?
11.01The FTSE 100 has hit a record high. Is now the time to start investing?
11.01'I had no electricity for six months': American families struggle with soaring energy prices
11.01'I had no electricity for six months': American families struggle with soaring energy prices
11.01The real impact of roadworks on the country - and why they're set to get worse
11.01Google employee made redundant after reporting sexual harassment, court hears
10.01This Week in Agribusiness, January 10, 2026
10.01This Week in Agribusiness, January 10, 2026
More »