Teleste Corporation released its half-year report for January to June 2024, showing a decline in net sales and adjusted operating results. The European networks market remains weak, while deliveries in North America have increased. Key figures for April–June 2024 include a 26.3% decrease in net sales to EUR 29.5 million and a 68.1% drop in adjusted operating results to EUR 0.2 million. For January–June 2024, net sales decreased by 22.6% to EUR 66.1 million, and adjusted operating results fell by 15.5% to EUR 1.7 million. Teleste has revised its 2024 outlook, now estimating net sales of EUR 140–150 million and an adjusted operating result of EUR 3–6 million. The company has restructured its segment reporting to include Broadband Networks and Public Safety and Mobility. President & CEO Esa Harju noted that the second quarter was challenging, with significant declines in orders and revenue, especially in the European market. However, North American deliveries of 1.8GHz ICON smart amplifiers have increased. The company is implementing cost-saving measures and restructuring its group structure, aiming for growth in North America and the Public Safety and Mobility business, particularly in the train manufacturers and public transport segments.

Teleste Corporation will release its half-year financial report for the period from January 1 to June 30, 2024, on August 14, 2024, at approximately 8:30 a.m. EEST. A virtual investor briefing will be held on the same day at 1:00 p.m. EEST via Microsoft Teams, hosted by CEO Esa Harju and CFO Juha Hyytiäinen. The briefing will be conducted in English. Interested parties are requested to register by noon on August 13, 2024. Teleste provides integrated products and services for broadband, security, and information technologies, and had net sales of EUR 151.3 million in 2023 with around 800 employees. The company is listed on Nasdaq Helsinki.

Teleste Corporation announced the appointment of Mervi Kerkelä-Hiltunen as the new Chief Financial Officer, effective October 2024. She will also join the company's management team. Kerkelä-Hiltunen brings over 25 years of experience in financial management across various industries and previously served as CFO of QPR Software Plc. She expressed enthusiasm for contributing to Teleste's strategic initiatives addressing issues like climate change and digitalization. Teleste’s CEO, Esa Harju, welcomed her, highlighting her valuable international experience. Teleste is a leading company in broadband, security, and information technologies, with 2023 net sales of EUR 151.3 million and around 800 employees.

Teleste has formed a partnership with Finnish company Kyrel Oy to enhance its Public Safety and Mobility business unit. This collaboration aims to ensure high quality, agility, and delivery reliability. Both companies share values of customer-centricity and reliability, which form a strong foundation for their partnership. Teleste's Director of Operations, Logistics, and Sourcing, Marko Uutela, emphasized the importance of reliable partnerships for improving operations and supply chain capabilities. Kyrel's Managing Director, Mika Räty, highlighted the potential for long-term collaboration to advance both companies and the electronics industry in Finland. The partnership is expected to create more value for Teleste’s customers. Teleste is an international company specializing in broadband, security, and information technologies, with net sales of EUR 151.3 million in 2023 and approximately 800 employees.

Teleste, a Finnish technology company, and Swarco, a traffic management solutions provider, have signed a six-year agreement to supply modern information displays to Din Tur, the public transport authority for Västernorrland County in Sweden. The project, which begins in May 2024, aims to enhance public transport services by replacing information displays across Din Tur's bus stop network. Teleste's 32” TFT displays will be used due to their reliability, visual quality, and suitability for Nordic outdoor conditions. The upgrade is expected to improve the experience of the up to 10 million passengers who travel with Din Tur annually.

Finnish company Teleste has launched the CX4 compact dual output amplifier for cable broadband networks. It is the first amplifier of its kind in Europe, compatible with both 1.8 GHz and 1.2 GHz networks. The CX4 is designed to maximize the potential of existing DOCSIS 3.1 networks and is compatible with future network generations, including DOCSIS 4.0. It features a return path of up to 492 MHz, a high gain return amplifier, and a Power Save mode for energy efficiency. It also includes ingress control switches for service quality and an IP67-rated enclosure for durability. The CX4 is specifically designed for European cable broadband operators and will be showcased at ANGA COM 2024.

Teleste Corporation has appointed Esa Korolainen as its new Senior Vice President of Operations and a member of the management group, effective from May 27, 2024. Korolainen will oversee Teleste's manufacturing, procurement, and logistics operations. With over two decades of experience in international business, he has managed procurement and logistics for various international technology firms and supervised multiple manufacturing sites within global production chains. Teleste is focused on expanding in North America and enhancing its operations with a customer-centric approach. The company is also committed to enhancing its production capabilities through automation and digital innovation.

Teleste Corporation has announced changes to its internal reporting practices and launched a project to align the company's legal entity structure with its operational structure. The changes will result in the formation of two operating segments, Broadband Networks and Public Safety and Mobility. From the first interim report of 2024, Teleste will report its key financial figures according to this new segment structure. The company has also released its restated 2023 key figures according to the new operating segments. Teleste is an international company in broadband, security and information technologies and related services. In 2023, its net sales reached EUR 151.3 million.