Teleste (TLT1V) Q2 2026 earnings summary

Executive summary

• Revenue and order intake increased sequentially from Q1 2026, but both declined year-over-year for H1 2026.

• Profitability improved year-over-year, with net profit and EPS showing significant gains.

• Networks segment strengthened its position in Europe, with strong order intake for DOCSIS 4.0 and video systems, while Public Safety and Mobility delivered its strongest quarterly result ever.

• Execution on strategy and operational capability, especially in North America, is progressing well, supported by ongoing investments in innovation and technology.

Financial highlights

• H1 2026 net sales: EUR 66.9 million (-1.7% YoY); Q2 net sales: EUR 34.7 million (-3.3% YoY).

• Adjusted EBITDA H1: EUR 6.3 million (+4.0% YoY); Q2: EUR 3.3 million (-3.1% YoY).

• Adjusted operating profit H1: EUR 3.8 million (+4.6% YoY); Q2: EUR 1.9 million (-11.9% YoY).

• Net profit H1: EUR 2.7 million (+212.5% YoY); EPS H1: EUR 0.15 (+159.1% YoY).

• Cash flow from operations H1: EUR 0.8 million (down from EUR 6.4 million YoY); order book at EUR 115 million, stable compared to year-end.

Outlook and guidance

• 2026 net sales expected between EUR 140–160 million; adjusted operating profit EUR 7–10 million.

• Profitability is expected to be weighted towards H2, especially Q4.

• Long-term targets: both segments to grow ~10% annually, group operating profit 7–12% by 2030.

• Outlook unchanged despite ongoing geopolitical and market uncertainties.