Eltel

Eltel is a service provider specializing in critical infrastructure that supports renewable energy and high-performing communication networks. The company operates primarily in the Nordic countries, Germany, Poland, and Lithuania, offering services through country-based organizations. Eltel's business areas include Communication, where it designs and maintains mobile and fixed networks, and Power, where it supports the transition to renewable energy with services for power distribution and smart grids. The company has recently expanded into Data Centers, Solar PV, and Battery Energy Storage Systems, which are becoming significant parts of its new business initiatives.

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— Eltel
%
Communication50% Design, installation, and maintenance of mobile and fixed networks
Power40% Maintenance and upgrade services for power distribution and transmission
New Business10% Includes Data Centers, Solar PV, and Battery Energy Storage Systems

Eltel serves a diverse range of customers primarily in the telecommunications and energy sectors...

  • Telecommunications Operatorsprimary

    Purchase network design and maintenance services to support digital infrastructure

  • Utility Companiesprimary

    Require maintenance and upgrade services for power distribution

  • Public Sectorsecondary

    Invest in digitalization and renewable energy projects

  • Data Centersemerging

    Seek comprehensive infrastructure solutions for operations

Eltel operates predominantly in the Nordic countries, with significant activities in Finland, Sweden, Denmark, and...

  • Strong presence in Nordic countries: Finland, Sweden, Denmark, Norway
  • Operations in Germany and Poland, with Poland as a Shared Services Center
  • Lithuania supports regional operations with financial responsibilities
  • Key markets include Finland and Sweden for renewable energy projects
  • Geographic distribution supports regional expertise in communication networks

Eltel's strategic priorities focus on achieving sustainable profitable growth by improving efficiency and...

01
Improve efficiency and profitabilityshort-term

To enhance margins and competitive position

02
Broaden customer basemedium-term

To reduce dependency on existing clients and diversify revenue

03
Expand into new marketslong-term

To capture growth opportunities in renewable energy

Eltel faces several business and financial risks, including market volatility and dependency on key customers,...

high

Market volatility

Unpredictable customer investments

Materiality
high
high

Dependency on key customers

Significant impact on Norwegian operations

Materiality
medium
medium

Global uncertainties

Delays in new business investments

Materiality
medium
medium

Seasonal variations

Cyclicality affects financial performance

Materiality
low
Revenue recognition timing
Seasonal variations
Derivative instruments
Goodwill impairment tests

: 11/08/2026