The report was in line with our expectations. We expect the profitability turnaround to continue in the coming years, but this is priced in at the current stock price and the expected risk-adjusted return is weak for the next 12 months. Analyst Aapeli Pursimo summarizes.

The company’s Q3 report was well in line with our expectations and reflects the continued gradual improvement of the company.

Eltel released the Q3 report today and while the adjusted EBITDA was impressive, there’s still significant work ahead to maintain and build on these improvements. Eltel´s CEO Håkan Dahlström summarizes the third quarter, elaborates regarding the demand and outlook situation and why they removed the timeframe of their financial targets.

Eltel will publish its Q3 report on Thursday at approximately 8 am CET. We expect the company’s reported revenue to be at last year’s level, but adjusted EBITA to improve from the comparison period. In addition to the figures, we are interested in the comments on the market outlook and strategy execution.

Olemme tarkastelleet Suomessa kasvussa olevan aurinkovoimarakentamisen näkymiä. Päähuomiomme on teollisen kokoluokan aurinkovoimapuistojen rakentamisen markkinanäkymissä, mikä kuuluu osaksi liiketoimintaa erilaisissa mittakaavoissa seuraamistamme yhtiöistä NYABilla, Enersensellä ja Eltelillä.

The company’s growth slightly exceeded our estimates, whereas its operating result increased from the comparison period, but fell short of our expectations. Thus, the company’s development was a step in the right direction, but somewhat slower than we expected.