Eltel acquires EWI's street lighting business in Denmark
The company integrates nine new employees in Vejle and expands its geographical presence as well as market potential within critical infrastructure on Jutland.
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Critical infrastructure services provider
eltelgroup.comLast updated
In short: Eltel reported its strongest Q2 in a decade and secured major contracts, including a €275 million service agreement with Vattenfall.
The company integrates nine new employees in Vejle and expands its geographical presence as well as market potential within critical infrastructure on Jutland.
Net sales increased to 390.8 million euros and adjusted EBITA doubled compared to the previous year. Major contracts were signed with Vattenfall, Fingrid and others.
The agreement is worth approximately 13 million euros and runs for three years. The installations cover the entire installation chain from customer contact to final connection.
The contract is worth 34 million euros and includes construction of two parallel power lines over 43 kilometers.
Earnings call Eltel delivered its strongest Q2 in a decade, with adjusted EBITA more than doubling YoY to EUR 5.5 million and 12 consecutive quarters...
Eltel has secured a EUR 20 million contract to deliver the grid connection for FCDC’s new data center in Karjaa, Finland, including a turnkey 110...
Vattenfall Eldistribution has today, subject to a 10-day standstill period as described below, awarded Eltel a service and maintenance agreement for the geographical areas named...
Net sales EUR 239.0 million (226.1), an increase of 5.7%. Organic growth1) was 4.0%Gross profit EUR 32.7 million (27.7) and gross margin 13.7% (12.2)Adjusted EBITA2...
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