Recent Insider Transactions • Jun 21
Insider recently bought kr119k worth of stock On the 15th of June, Alexandra Karnlund bought around 9k shares on-market at roughly kr13.35 per share. This trade did not impact their existing holding. In the last 3 months, there was an even bigger purchase from another insider worth kr126k. Insiders have collectively bought kr3.5m more in shares than they have sold in the last 12 months. Recent Insider Transactions • May 27
President & CEO recently bought kr126k worth of stock On the 22nd of May, Hakan Dahlstrom bought around 11k shares on-market at roughly kr11.49 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Hakan has been a buyer over the last 12 months, purchasing a net total of kr4.2m worth in shares. Reported Earnings • May 05
First quarter 2026 earnings: EPS in line with analyst expectations despite revenue beat First quarter 2026 results: €0.01 loss per share (improved from €0.023 loss in 1Q 2025). Revenue: €191.3m (up 13% from 1Q 2025). Net loss: €1.80m (loss narrowed 50% from 1Q 2025). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Construction industry in Sweden. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 01
Full year 2025 earnings released: EPS: €0.003 (vs €0.21 loss in FY 2024) Full year 2025 results: EPS: €0.003 (up from €0.21 loss in FY 2024). Revenue: €817.8m (down 1.3% from FY 2024). Net income: €500.0k (up €33.6m from FY 2024). Profit margin: 0.1% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Construction industry in Sweden. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 16
Full year 2025 earnings released: EPS: €0.014 (vs €0.21 loss in FY 2024) Full year 2025 results: EPS: €0.014 (up from €0.21 loss in FY 2024). Revenue: €817.8m (down 1.3% from FY 2024). Net income: €2.20m (up €35.3m from FY 2024). Profit margin: 0.3% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Construction industry in Sweden. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Nov 10
President & CEO recently bought kr411k worth of stock On the 6th of November, Hakan Dahlstrom bought around 49k shares on-market at roughly kr8.38 per share. This transaction amounted to 3.8% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr1.1m. Hakan has been a buyer over the last 12 months, purchasing a net total of kr5.5m worth in shares. Recent Insider Transactions • Nov 04
President & CEO recently bought kr447k worth of stock On the 30th of October, Hakan Dahlstrom bought around 50k shares on-market at roughly kr8.93 per share. This transaction amounted to 4.1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr1.1m. Hakan has been a buyer over the last 12 months, purchasing a net total of kr5.1m worth in shares. New Risk • Nov 03
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.0x net interest cover). Minor Risk Large one-off items impacting financial results. Reported Earnings • Nov 02
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: €0.02 (up from €0.006 loss in 3Q 2024). Revenue: €208.2m (down 1.0% from 3Q 2024). Net income: €2.60m (up €3.50m from 3Q 2024). Profit margin: 1.2% (up from net loss in 3Q 2024). Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 50%. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Construction industry in Sweden. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 10% per year. Announcement • Oct 28
Eltel AB (publ), Annual General Meeting, May 12, 2026 Eltel AB (publ), Annual General Meeting, May 12, 2026. New Risk • Sep 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Recent Insider Transactions • Aug 26
President & CEO recently bought kr1.1m worth of stock On the 22nd of August, Hakan Dahlstrom bought around 122k shares on-market at roughly kr9.19 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Hakan has been a buyer over the last 12 months, purchasing a net total of kr4.7m worth in shares. Recent Insider Transactions • Aug 10
President & CEO recently bought kr146k worth of stock On the 6th of August, Hakan Dahlstrom bought around 15k shares on-market at roughly kr9.74 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr1.1m. Hakan has been a buyer over the last 12 months, purchasing a net total of kr3.5m worth in shares. Recent Insider Transactions • Jul 30
President & CEO recently bought kr1.1m worth of stock On the 24th of July, Hakan Dahlstrom bought around 100k shares on-market at roughly kr10.52 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Hakan has been a buyer over the last 12 months, purchasing a net total of kr3.4m worth in shares. Reported Earnings • Jul 25
Second quarter 2025 earnings released: €0.01 loss per share (vs €0.023 loss in 2Q 2024) Second quarter 2025 results: €0.01 loss per share (improved from €0.023 loss in 2Q 2024). Revenue: €201.0m (down 6.9% from 2Q 2024). Net loss: €900.0k (loss narrowed 75% from 2Q 2024). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Construction industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Breakeven Date Change • Jul 25 The 2 analysts covering Eltel previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of €8.20m in 2025. Earnings growth of 26% is required to achieve expected profit on schedule.
Announcement • Jul 24
Eltel AB (publ) to Report Fiscal Year 2025 Results on Feb 13, 2026 Eltel AB (publ) announced that they will report fiscal year 2025 results at 8:00 AM, Central European Standard Time on Feb 13, 2026 Recent Insider Transactions • Jun 19
President & CEO recently bought kr435k worth of stock On the 17th of June, Hakan Dahlstrom bought around 49k shares on-market at roughly kr8.94 per share. This transaction amounted to 5.4% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr449k. Hakan has been a buyer over the last 12 months, purchasing a net total of kr2.0m worth in shares. Recent Insider Transactions • Jun 08
President & CEO recently bought kr132k worth of stock On the 30th of May, Hakan Dahlstrom bought around 16k shares on-market at roughly kr8.28 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr449k. Hakan has been a buyer over the last 12 months, purchasing a net total of kr1.6m worth in shares. Announcement • May 29
Eltel AB (Publ) Announces Managing Director Changes for Eltel Denmark & Germany Change in Eltel AB (publ)'s Group Management Team: Yathukulan Kankesan appointed new Managing Director for Eltel Denmark & Germany. As Claus Metzsch Jensen, Managing Director for Eltel Denmark & Germany has decided to pursue an opportunity outside Eltel, Yathukulan Kankesan has been appointed new Managing Director for the Country Unit and will be a part of the Group Management. Yathukulan Kankesan, `Tuk', has been with Eltel since 2007, holding several different managerial positions. He is currently Director of Group Shared Services and prior to that he was the CFO for Eltel Denmark for many years. Yathukulan Kankesan will take on the Managing Director role on 1 August and Claus Metzsch Jensen will remain in the role until then. Announcement • May 14
Eltel AB (Publ) Elects Riitta Palomäki as Member of the Board of Directors Eltel AB (publ) announced at annual general meeting held on May 13, 2025, the shareholders elected Riitta Palomäki as new member of the Board of Directors. Announcement • May 09
Eltel AB (Publ) Announces Appointment of Klas Elmberg as Managing Director for Eltel Sweden ,Effective August 1, 2025 Eltel AB (Publ) announced that Klas Elmberg appointed Managing Director for Eltel Sweden and will be a part of the Group Management Team. Klas will take on his new role on August 1. Klas Elmberg comes most recently from a role as Group CEO for the property damage restoration company Ocab. Prior to that, he has held several leading roles within Coor for 14 years, such as Deputy CEO Coor Sweden, CEO Coor Norway, and most recently Group CFO. Klas also has experience as a management consultant at Accenture. Klas Elmberg replaces Lars Nilsson, who will remain in the Management Director's role until August 15. Reported Earnings • May 02
First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2025 results: €0.02 loss per share (improved from €0.20 loss in 1Q 2024). Revenue: €169.6m (down 3.8% from 1Q 2024). Net loss: €2.80m (loss narrowed 91% from 1Q 2024). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 50%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Construction industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Breakeven Date Change • May 02 The 2 analysts covering Eltel previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of €5.95m in 2025. Earnings growth of 31% is required to achieve expected profit on schedule.
Announcement • Apr 02
Ann Emilson Declines Re-Election to the Board of Eltel AB (publ) Eltel AB (publ) announced the current member of the Board of Directors Ann Emilson has notified that she is not available for re-election. Recent Insider Transactions • Apr 01
President & CEO recently bought kr449k worth of stock On the 28th of March, Hakan Dahlstrom bought around 60k shares on-market at roughly kr7.48 per share. This transaction amounted to 7.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Hakan has been a buyer over the last 12 months, purchasing a net total of kr2.1m worth in shares. Reported Earnings • Feb 15
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: €0.21 loss per share (further deteriorated from €0.066 loss in FY 2023). Revenue: €828.7m (down 2.5% from FY 2023). Net loss: €29.7m (loss widened 186% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.5%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Construction industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance. Announcement • Jan 15
Eltel's Group Appoints Ingrid Therese Tjøsvold as New Managing Director for Eltel Norway, Effective February 10, 2025 Ingrid Therese Tjøsvold has been appointed Managing Director for Eltel Norway and will be a part of the Group Management Team. Ingrid will take on her new role on February 10. Ingrid Therese Tjøsvold has more than 25 years' experience from senior management positions in contracting, logistics and renewable industries. Her most recent assignment was with CTS Nordics AS, a pan Nordic company specialized in data centers, where she was the division director for Production Companies, including the power pod manufacturer Nordic Epod AS. Ingrid Therese Tjøsvold replaces Thor-Egel Bråthen, who will remain in the Managing Director role until Ingrid joins. Ingrid Therese Tjøsvold replaces Thor-Egel Bråthen, who will remain in the Managing Director role until Ingrid joins. Recent Insider Transactions • Jan 11
President & CEO recently bought kr130k worth of stock On the 9th of January, Hakan Dahlstrom bought around 20k shares on-market at roughly kr6.48 per share. This transaction amounted to 2.5% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr254k. Hakan has been a buyer over the last 12 months, purchasing a net total of kr2.0m worth in shares. Announcement • Dec 18
Eltel AB Announces Thor-Egel Bråthen Leaves as Managing Director of Eltel Norway and from Group Management Team, Effective January 31, 2025 Thor-Egel Bråthen, Managing Director of Eltel Norway and part of Eltel Group Management team, will leave Eltel as of January 31. A recruitment process has been initiated to find a new leader for the Norwegian country unit. Thor-Egel Bråthen work until January 31st and information about the succession plans will follow. Recent Insider Transactions • Dec 04
President & CEO recently bought kr130k worth of stock On the 29th of November, Hakan Dahlstrom bought around 20k shares on-market at roughly kr6.48 per share. This transaction amounted to 2.7% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr202k. Hakan has been a buyer over the last 12 months, purchasing a net total of kr1.6m worth in shares. Recent Insider Transactions • Nov 17
President & CEO recently bought kr202k worth of stock On the 14th of November, Hakan Dahlstrom bought around 30k shares on-market at roughly kr6.74 per share. This transaction amounted to 4.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Hakan has been a buyer over the last 12 months, purchasing a net total of kr1.4m worth in shares. New Risk • Nov 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: kr1.08b (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 01
Third quarter 2024 earnings: EPS misses analyst expectations Third quarter 2024 results: €0.01 loss per share (down from €0.004 profit in 3Q 2023). Revenue: €210.3m (down 1.5% from 3Q 2023). Net loss: €100.0k (down 114% from profit in 3Q 2023). Profit margin: 0% (down from 0.3% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Construction industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance. Announcement • Oct 29
Eltel AB (publ), Annual General Meeting, May 13, 2025 Eltel AB (publ), Annual General Meeting, May 13, 2025. Major Estimate Revision • Aug 01
Consensus EPS estimates fall by 42%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from €825.0m to €834.0m. Forecast EPS reduced from -€0.155 to -€0.22 per share. Construction industry in Sweden expected to see average net income growth of 41% next year. Consensus price target of kr8.16 unchanged from last update. Share price was steady at kr7.38 over the past week. Reported Earnings • Jul 28
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: €0.023 loss per share (improved from €0.034 loss in 2Q 2023). Revenue: €216.0m (up 3.8% from 2Q 2023). Net loss: €3.60m (loss narrowed 32% from 2Q 2023). Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) missed analyst estimates by 100%. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Construction industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 37 percentage points per year, which is a significant difference in performance. Announcement • Jul 25
Eltel AB (publ) to Report Fiscal Year 2024 Results on Feb 14, 2025 Eltel AB (publ) announced that they will report fiscal year 2024 results on Feb 14, 2025 Recent Insider Transactions • Jun 09
President & CEO recently bought kr266k worth of stock On the 3rd of June, Hakan Dahlstrom bought around 40k shares on-market at roughly kr6.66 per share. This transaction amounted to 6.2% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr523k. Hakan has been a buyer over the last 12 months, purchasing a net total of kr2.1m worth in shares. Board Change • May 22
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Erja Sankari was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 15
Eltel AB (publ) Announces Board Elections Eltel AB (publ) at the AGM held on 14 May 2024, approved that Per Sjöstrand and Johan Nordström were elected as new members of the Board of Directors and Per Sjöstrand was elected as new Chairman of the Board of Directors, for the period until the end of the next Annual General Meeting. Johan Nordström has long relevant experience from several leading positions at several companies with international operations. He is currently the CEO of Green Landscaping Group, and has been since 2015, and is member of the Board of Directors of several of Green Landscaping Group's subsidiaries. Previous positions include Chairman of the Board of Directors for Car-O-Liner Group AB. Recent Insider Transactions • May 01
President & CEO recently bought kr523k worth of stock On the 26th of April, Hakan Dahlstrom bought around 83k shares on-market at roughly kr6.34 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Hakan has been a buyer over the last 12 months, purchasing a net total of kr2.8m worth in shares. New Risk • Apr 25
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: kr1.07b (US$98.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Major Estimate Revision • Apr 23
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €879.0m to €848.0m. Now expected to report a loss of €0.11 per share instead of €0.02 per share profit previously forecast. Construction industry in Sweden expected to see average net income decline 0.2% next year. Consensus price target of kr8.99 unchanged from last update. Share price fell 3.3% to kr7.06 over the past week. Reported Earnings • Mar 30
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: €0.066 loss per share (improved from €0.096 loss in FY 2022). Revenue: €850.1m (up 3.2% from FY 2022). Net loss: €10.4m (loss narrowed 31% from FY 2022). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 36%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Construction industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Feb 29
President & CEO recently bought kr381k worth of stock On the 23rd of February, Hakan Dahlstrom bought around 53k shares on-market at roughly kr7.26 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Hakan has been a buyer over the last 12 months, purchasing a net total of kr2.3m worth in shares. Announcement • Feb 27
Eltel AB (Publ) Announces Board Changes Eltel AB (publ) announced that Alexandra has more than 20 years of experience of working in leading communications roles and she currently serves a Communications Lead in the tech company Tietoevry. For the last ten years she has worked with strategic communications, public relations and corporate communications in global tech companies, and prior to that in the Med tech and media industries, as well as on the agency side. Good internal and external communications as well as communicative leadership is critical when it comes to building a successful company and transforming the business, says Håkan Dahlström, Eltel's President and CEO. Alexandra replaces Elin Otter, who, as previously communicated, is leaving Eltel for a position outside the company. Reported Earnings • Feb 16
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: €0.07 loss per share (improved from €0.096 loss in FY 2022). Revenue: €850.1m (up 3.2% from FY 2022). Net loss: €7.90m (loss narrowed 47% from FY 2022). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 36%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Construction industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Announcement • Jan 29
Eltel AB (Publ) Announces Ulf Mattsson Is Not Available for Re-Election as Board Member Eltel AB (publ) announced the proposal of Per Sjoestrand as new member and chairman of its board of directors at the 14 May AGM. He will replace Ulf Mattsson, who is not available for re-election as board member. Sjoestrand has relevant experience in senior positions at different types of service business. Announcement • Dec 12
Eltel AB (Publ) Announces Resignation of the Elin Otter as Director of Communications and Investor Relations and Member of Group Management Team Eltel AB (publ) announced that Elin Otter, Director of Communications and Investor Relations and member of Eltel's Group Management Team, has decided to leave Eltel for a position outside the company. A recruitment process to find her successor has been initiated.Elin will remain in her current role until May 2024, at the latest. Announcement • Nov 14
Eltel AB Announces Executive Changes Eltel AB (publ) announced that Caroline Lindgren has been appointed as the new General Counsel and Head of Sourcing and will be a member of the Group Management Team. Caroline will assume her role no later than 1 February 2024. Caroline has 20 years of experience in securities law and corporate law, commercial agreements, compliance, and M&As. She currently serves as Head of Legal at Sweco Sweden. Previously, Caroline has also been an attorney at Mannheimer Swartling Advokatbyrå. Caroline replaces Henrik Sundell, who, as previously communicated, is leaving Eltel for a position outside the company. Reported Earnings • Nov 02
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: €213.4m (up 3.1% from 3Q 2022). Net income: €1.50m (up €1.90m from 3Q 2022). Profit margin: 0.7% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 4.4% growth forecast for the Construction industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Announcement • Oct 28
Eltel AB (publ), Annual General Meeting, May 14, 2024 Eltel AB (publ), Annual General Meeting, May 14, 2024. Agenda: To consider the election and remuneration of chairman and members of the Board of Directors and the statutory auditor. Announcement • Oct 27
Eltel AB (Publ) Appoints Nomination Committee Pursuant to the instruction for Eltel AB´s Nomination Committee the company shall have a Nomination Committee comprising one representative for each of the four largest shareholders, registered with Euroclear Sweden AB on the last banking day in August the year before the Annual General Meeting (AGM). On 31 August 2023, the four largest shareholders of Eltel AB were Solero Luxco S.á.r.l. (a company controlled by Triton Funds), Wipunen Varainhallinta Oy, the Fourth Swedish National Pension Fund (AP4), and Heikintorppa Oy. All of the shareholders referred to above together represent 48.2% of the votes in the company. The Nomination Committee has now been appointed and comprises the following members: Gustaf Backemar, Solero Luxco S.á.r.l. (16.4% of votes); Peter Immonen, Wipunen Varainhallinta Oy (14.3% of votes); Thomas Ehlin, the Fourth Swedish National Pension Fund (AP4) (9.6% of votes); Ingeborg Åkermarck, Heikintorppa Oy (7.9% of votes); Gustaf Backemar has been appointed as chairman of the Nomination Committee. Recent Insider Transactions • Oct 05
President & CEO recently bought kr525k worth of stock On the 29th of September, Hakan Dahlstrom bought around 75k shares on-market at roughly kr7.00 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Hakan has been a buyer over the last 12 months, purchasing a net total of kr1.9m worth in shares. Recent Insider Transactions • Aug 27
Independent Director recently bought kr210k worth of stock On the 23rd of August, Roland Sunden bought around 30k shares on-market at roughly kr7.00 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr1.7m more in shares than they have sold in the last 12 months. Announcement • Aug 25
Henrik Sundell, Group General Counsel and Member of Eltel's Group Management Team, Decides to Leave Eltel Henrik Sundell, Group General Counsel and member of Eltel's Group Management Team, has decided to leave Eltel for a position outside the company. A recruitment process to find his successor has been initiated. Henrik will remain in his current role until 31 January 2024. Major Estimate Revision • Aug 03
Consensus EPS estimates fall by 20% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -€0.125 to -€0.15 per share. Revenue forecast unchanged at €813.0m. Construction industry in Sweden expected to see average net income growth of 9.6% next year. Consensus price target broadly unchanged at kr7.35. Share price fell 2.1% to kr7.64 over the past week. Announcement • Aug 01
Eltel AB (publ) to Report Fiscal Year 2023 Results on Feb 14, 2024 Eltel AB (publ) announced that they will report fiscal year 2023 results on Feb 14, 2024 Reported Earnings • Jul 28
Second quarter 2023 earnings released: €0.03 loss per share (vs €0.017 loss in 2Q 2022) Second quarter 2023 results: €0.03 loss per share (further deteriorated from €0.017 loss in 2Q 2022). Revenue: €208.1m (flat on 2Q 2022). Net loss: €4.50m (loss widened 67% from 2Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 5.1% growth forecast for the Construction industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Jul 18
Consensus EPS estimates fall by 39% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -€0.09 to -€0.125 per share. Revenue forecast unchanged at €816.6m. Construction industry in Sweden expected to see average net income growth of 8.2% next year. Consensus price target broadly unchanged at kr7.28. Share price rose 7.5% to kr8.60 over the past week. Announcement • Jun 29
Eltel Announces CFO Changes Tarja Leikas has been appointed the new Chief Financial Officer of Eltel and joins the Group Management Team. Tarja will assume her position on 1 August 2023. Prior to joining Eltel, Tarja has served in similar senior positions at various international companies, including Telia, Dovre Group, Eniram, and most recently, Ginolis. Over the past decade, she has excelled in leading corporate turnarounds, managing mergers and acquisitions, and change management. Tarja will replace Saila Miettinen-Lähde, who will, as previously communicated, leave Eltel at the end of July 2023. Recent Insider Transactions • Jun 18
Independent Director recently bought kr175k worth of stock On the 14th of June, Roland Sunden bought around 25k shares on-market at roughly kr7.00 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr999k. Insiders have collectively bought kr1.2m more in shares than they have sold in the last 12 months. Announcement • Jun 10
Eltel AB (Publ) Announces Saila Miettinen-Lähde, Chief Financial Officer, Will Step Down from Her Role Effective 31 July 2023 Eltel AB (publ) announced Saila Miettinen-Lähde, Chief Financial Officer (CFO) of Eltel, will step down from her role effective 31 July 2023. A search process for her successor has been initiated. Recent Insider Transactions • May 10
President & CEO recently bought kr999k worth of stock On the 5th of May, Hakan Dahlstrom bought around 125k shares on-market at roughly kr7.99 per share. This transaction amounted to 61% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Hakan has been a buyer over the last 12 months, purchasing a net total of kr1.4m worth in shares. Reported Earnings • May 06
First quarter 2023 earnings released: €0.10 loss per share (vs €0.028 loss in 1Q 2022) First quarter 2023 results: €0.10 loss per share (further deteriorated from €0.028 loss in 1Q 2022). Revenue: €188.4m (up 2.4% from 1Q 2022). Net loss: €15.1m (loss widened 243% from 1Q 2022). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Construction industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings. Major Estimate Revision • Apr 05
Consensus EPS estimates upgraded to €0.045 loss The consensus outlook for fiscal year 2023 has been updated. 2023 losses forecast to reduce from -€0.05 to -€0.045 per share. Revenue forecast unchanged from €812.0m at last update. Construction industry in Sweden expected to see average net income growth of 9.9% next year. Consensus price target broadly unchanged at kr7.30. Share price rose 2.5% to kr8.22 over the past week. Reported Earnings • Feb 19
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: €0.096 loss per share (down from €0.027 profit in FY 2021). Revenue: €823.6m (up 1.4% from FY 2021). Net loss: €15.0m (down 449% from profit in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 76%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Construction industry in Sweden. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Feb 14
Eltel Appoints Pamela Lundin as New Director of Business Development Pamela Lundin has been appointed Director of Business Development at Eltel and will be part of the Group Management Team as of 13 March. The newly instituted Business Development function will be guided by Pamela's leadership. With 25 years in senior positions, Pamela has extensive leadership experience. She joins Eltel from Enercon, one of the world's leading companies in the wind energy industry, where she currently is CEO of their Swedish, Norwegian and Finnish operations. The Business Development unit will work closely with the country units in Eltel to develop and implement current and new business concepts to increase sustainable growth. In addition, they will work to improve the synergies between the countries, and to take advantage of the expertise and know-how of each country. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Chairman of the Board Ulf Mattsson was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 03
Third quarter 2022 earnings released: €0.003 loss per share (vs €0.01 profit in 3Q 2021) Third quarter 2022 results: €0.003 loss per share (down from €0.01 profit in 3Q 2021). Revenue: €207.0m (up 6.8% from 3Q 2021). Net loss: €400.0k (down 125% from profit in 3Q 2021). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Construction industry in Sweden. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings.