TLT1VNasdaq HelsinkiCommunication EquipmentIFRS · EUR

Teleste Oyj

Teleste is a Finnish company specializing in broadband networks and public safety and mobility solutions. The company is known for its advanced 1.8 GHz intelligent network technology and DOCSIS 4.0-compliant products, serving major clients like VodafoneZiggo and Hitachi. Teleste has a strong presence in North America and Europe, focusing on enhancing public transport information systems and critical infrastructure security. The company's strategic expansion into Mexico aims to bolster its North American market reach.

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Revenue139m EUR
+4.6 %y/y
Operating profit (EBIT)6.8m EUR
+223.1 %y/y
EBIT margin4.9%
+9.1 ppy/y
Net income2.6m EUR
+143.0 %y/y
Free cash flow12.5m EUR
+3.5 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

-50050100150200m EUR2021: 144 m EUR2021: EBIT 8.7 m EUR20212022: 165 m EUR2022: EBIT -4.8 m EUR20222023: 151 m EUR2023: EBIT -0.48 m EUR20232024: 133 m EUR2024: EBIT -5.5 m EUR20242025: 139 m EUR2025: EBIT 6.8 m EUR2025TTM 2026: 137 m EURTTM 2026: EBIT 7.0 m EURTTM1377.0
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year
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Business

Share of revenue
Broadband Networks60 %

Includes intelligent network technology and DOCSIS 4.0 solutions

Public Safety and Mobility40 %

Comprises public transport information systems and security solutions

Customers

Teleste's customer base is diverse, including telecommunications companies, public transport authorities, and train manufacturers. The Broadband Networks segment primarily serves North American and European telecom operators, providing cutting-edge network technology. Public Safety and Mobility solutions are tailored for public transport systems and critical infrastructure, appealing to government and private sector clients. The company's focus on real-time software solutions and lifecycle management strengthens its relationships with long-term partners.

Telecommunications Operators

Purchase network technology for broadband expansion

Public Transport Authorities

Acquire information systems for enhanced passenger experience

Train Manufacturers

Integrate train systems for operational efficiency

Strategy

Teleste's strategic priorities focus on expanding its market share in North America and Europe through technological innovation and strategic partnerships. The company aims to enhance its product offerings in broadband networks and public safety solutions. By expanding production capabilities in Mexico, Teleste seeks to improve its supply chain efficiency. The company is also investing in R&D to develop next-generation intelligent network technologies and public transport systems.

Expand North American market presenceMedium term

To capitalize on growing demand for network technology

Enhance product offeringsShort term

To meet evolving customer needs in broadband and safety

Geography

Teleste operates primarily in Europe and North America, with significant business activities in Finland, the Netherlands, and the United States. The company has recently expanded its production facilities to Mexico to better serve the North American market. This strategic move aims to reduce logistics costs and improve delivery times. European operations remain robust, with ongoing projects in the Netherlands and Italy, reinforcing Teleste's presence in key markets.

Risks

Teleste faces several business risks, including geopolitical uncertainties such as U.S. import tariffs, which could impact profitability. Supply chain disruptions due to tariffs and export restrictions pose additional challenges. The company also contends with competitive pressures in the telecommunications and public safety sectors. Furthermore, the reliance on publicly funded projects requires high efficiency and cost competitiveness.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →U.S. import tariffs1Supply chain disruptions2
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. U.S. import tariffsImpact: HighLikelihood: Low

    Could impact profitability and cost structure

  2. Supply chain disruptionsImpact: MediumLikelihood: Medium

    May affect material availability and costs

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Accounting

Judgemental items
Revenue recognition under IFRS 15

Impacts timing of revenue from long-term contracts

Capitalized R&D expenses

Affects reported profitability

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Last updated: 24/09/2026