Eltel signs three-year frame agreement with Telia in Finland
Eltel announced on Friday that it has signed a three-year continuation of an existing framework agreement with Telia in Finland. The contract is worth approximately 70 MEUR and covers a wide range of service packages, including the construction, maintenance and fault repair of fixed and mobile networks, as well as customer deliveries in Finland. The new contract will become effective on April 1, 2025. It also includes an option for an additional year.
Spread roughly evenly on an annual basis, the agreement is relatively small for Eltel (3% of 2024e revenue 829 MEUR). On the other hand, it is important for the Finnish country unit (2024e revenue 359 MEUR) as it brings significant volume for the coming years. Given the background (continuation agreement), the framework agreement has no direct impact on our forecasts or view on the company.
Eltel
Eltel is a provider of technical services for the energy and communications sector. The greatest focus is on the repair and development of transmission systems, infrastructure and networks. The business is run via most business segments on a global level. The largest operations are in the Nordic market. The company was formed in 2004 through a merger of Swedia Networks and Eltel Networks. The head office is located in Stockholm.
Read more on company pageKey Estimate Figures01.11
2023 | 24e | 25e | |
---|---|---|---|
Omsætning | 850,2 | 828,9 | 843,8 |
vækst-% | 3,22 % | -2,49 % | 1,79 % |
EBIT (adj.) | 1,7 | 10,1 | 20,3 |
EBIT-% (adj.) | 0,19 % | 1,21 % | 2,40 % |
EPS (adj.) | -0,02 | -0,05 | 0,01 |
Udbytte | 0,00 | 0,00 | 0,00 |
Udbytte % | |||
P/E (adj.) | - | - | 41,00 |
EV/EBITDA | 8,54 | 14,12 | 4,65 |