Slide 1: Financial Statement January - December 2024
No Image Financial Statement January - December 2024 11.2.2025 Esa Harju, CEO Mervi Kerkelä-Hiltunen, CFO
Slide 2: Disclaimer
No Image Disclaimer This presentation has been prepared by the Company. The information on which it is based has not been independently verified by any other person. This presentation is not intended to provide the basis of any investment decision and should not be considered as a recommendation by
Slide 3: Teleste in brief
No Image Leading Founded technology company 1954 Teleste in brief in its field Net sales Listed in International technology group with an integrated Nasdaq Helsinki product portfolio that makes it possible to build a 132.5 M€ since networked and secure society while reducing year 2024 1999 negative
Slide 4: Our businesses and customers
No Image Our businesses and customers Broadband Networks Public Safety and Mobility Other NAM customers Our customers serve In public transportation 100 million 1.5 billion Internet-users passengers using our technology annually
Slide 5: Q4 and FY 2024 highlights
No Image Q4 and FY 2024 highlights Q4 and FY 2024 financial review
Slide 6: Key Figures Q4 2024 and 2024
No Image Key Figures Q4 2024 and 2024 IMPROVED ORDERS, NET SALES, AND ADJUSTED OPERATING RESULT. INCREASE IN ORDERS IN NORTH AMERICA. EUR million 10-12 10-12 1-12 2024 1-12 2023 2024 2023 Net sales 36.5 30.7 132.5 151.3 Adjusted EBITDA 2.1 0.4 9.2 7.2 Adjusted EBIT 0.8 -1.4 4.0 1.2 EBIT -5.7 -2.3 -5
Slide 7: Orders increased, exceeding previous quarter and YoY
No Image Orders received Q4 2024 and 1-12 2024 Orders increased, exceeding previous quarter and YoY Orders received Orders received by business units, 1-12 2024 EUR million Public Safety and Mobility 40% (39%) Broadband Networks 60% (61%) Orders received grew in Q4’24 compared to previous quarter
Slide 8: Order book stabilized
No Image Order book 31 December 2024 Order book stabilized Order book (end of the period) Order book by business units, 31 December 2024 EUR million Broadband 160 145 Networks 139 140 131 132 128 129 126 124 21% 118 117 118 118 (22%) 120 100 80 60 40 20 Public Safety and Mobility 0 79% Q1 Q2 Q3 Q4 Q
Slide 9: Net sales increased due to higher demand in both BU's
No Image Net Sales Q4 2024 and 1-12 2024 Net sales increased due to higher demand in both BU’s Net sales Net sales, 1-12 2024 EUR million 50,0 Public Safety 46,0 and Mobility 45,0 Broadband 41% (39%) Networks 40,0 36,5 59% 35,0 (61%) 30,7 30,0 25,0 Finland North America and 9% 20,0 (9%) Other Nordic
Slide 10: Adjusted EBIT increased due to higher sales and cost savings
No Image Adjusted operating result Q4 2024 Adjusted EBIT increased due to higher sales and cost savings Adjusted EBIT EUR million Adjusted EBIT increased due to significant cost- 2,0 saving and productivity measures through out the year. 1,5 Gross profit improved along with higher Net 1,0 0,8 Sale
Slide 11: Guidance for the financial year 2025
No Image Guidance for the financial year 2025 Teleste estimates revenue for 2025 to be between 135 and 150 million euros, with adjusted operating profit in the range of 4 to 7 million euros. The result is expected to be primarily realized in the second half of the year. The potential implementation
Slide 12: Q4 2024 financial review
No Image Q4 2024 highlights Q4 2024 financial review
Slide 13: Teleste Group, Q4 2024
No Image No Image Teleste Group, Q4 2024 Net sales, order intake and adj.EBIT increased following North America growth and stabilizing European market. Operating cash flow improved. 10-12 10-12 1-12 1-12 EUR million 2024 2023 2024 2023 Net sales 36.5 30.7 132.5 151.3 Adjusted EBITDA 2.1 0.4 9.2 7.2
Slide 14: Operating segments Q4 2024
No Image No Image Operating segments Q4 2024 Net sales and profitability improved in both Business Units Broadband Networks 10-12 2024 10-12 2023 1-12 2024 1-12 2023 Net sales, MEUR 20.0 15.4 78.2 92.5 Adjusted EBITDA, MEUR 1.8 1.2 8.9 8.9 Adjusted EBITDA, % 9.0% 7.7% 11.3% 9.6% Adjusted EBIT, MEUR
Slide 15: Net working capital improved primarily due to lower inventory levels
No Image No Image Balance sheet, EUR million Net working capital improved primarily due to lower inventory levels Assets Equity and liabilities 134,7 134,7 Intangibles decreased 6,2 million 121,2 EUR year-on-year due to impairment Intangibles Equity 121,2 on activated RnD. 48,4 Net Working Capit
Slide 16: Cash flow from operations
No Image Cash flow from operations Notably stronger operative cash flow in Q4 2024 compared to YoY Cash flow from operations EUR million -7,8 10 M€ Q4 2024 operative cash flow EUR was 1.8 reflecting notable improvement YoY. 5 2,5 Cost saving actions, NWC release 1,8 from inventories, and changes
Slide 17: Cash flow 1-12 2024
No Image Cash flow 1-12 2024 Working capital released. Interest bearing debt reduced. Financing Operating activities Investing activities activities 2,1 0,1 0,1 4,3 1,9 8,8 10,8 6,2 3,4 3,6 Cash Adjusted Inventories Payables Receivables CAPEX R&D Leasing 17 Bank loans Cash 31.12.2023 profit and othe
Slide 18: Return on capital employed and equity ratio
No Image No Image Return on capital employed Equity ratio At the end of the period 50% 45,4 % 45,4 % 4% 45% 39,7 % 40% 2% 35% 0,2 % 30% 0% 25% 20% -2% 15% -4% 10% -3,5 % 5% -5,0 % -6% 0% 2022 2023 2024 31.12.2022 31.12.2023 31.12.2024 Return on Capital Employed was impacted by The equity ratio i
Slide 19: Net gearing and net debt / adj. EBITDA
No Image No Image Net gearing Interest-bearing Net debt / At the end of the reporting period adj. EBITDA Last twelve months 100% 5,5x 90% 5,0x 4,5x 4,4x 80% 4,0x 70% 4,0x 61,2 % 3,5x 60% 51,9 % 3,0x 2,8x 50% 46,3 % 2,5x 40% 2,0x 30% 1,5x 20% 1,0x 10% 0,5x 0% 0,0x 31.12.2022 31.12.2023 31.12.2024 31.