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Eltel AB ( (SE:ELTEL) ) has provided an announcement.
Eltel AB reported a strong quarter with improved profitability and strategic growth in new business areas like Solar PV and Data Centers. The company achieved an all-time high in adjusted EBITA over a ten-year perspective and expanded its customer base, particularly in Power. Despite a slight decline in net sales, Eltel’s gross profit and margins improved, driven by operational excellence and a focus on new contracts, including significant agreements in Finland and Sweden. The company’s efforts in green energy and infrastructure restoration, especially during storm Amy, highlight its commitment to societal contributions.
The most recent analyst rating on (SE:ELTEL) stock is a Hold with a SEK8.50 price target. To see the full list of analyst forecasts on Eltel AB stock, see the SE:ELTEL Stock Forecast page.
More about Eltel AB
Eltel AB operates in the critical infrastructure industry, focusing on creating, maintaining, and ensuring resilient infrastructure. The company is involved in sectors such as Power, Solar PV, Data Centers, and Communication, with a strong emphasis on green energy and public infrastructure.
Average Trading Volume: 69,126
Technical Sentiment Signal: Buy
Current Market Cap: SEK1.49B
For an in-depth examination of ELTEL stock, go to TipRanks’ Overview page.