Most likely exactly like that. Still, that guidance is a bit peculiar. In my wishful thinking, I interpret it to mean that the €1.1M would be achieved even with a performance where the projects mentioned by Harju do not generate revenue in Q4. If, on the other hand, net sales were to reach that 140–145M range, then EBIT could be closer to €3M.
In other words, in terms of revenue, I interpret that there is a risk of a profit warning (negari), but not regarding profitability. And maybe there’s also a slim chance for a positive profit warning if everything falls into place.
I personally can’t get this year’s EPS to 35 cents no matter how I calculate it, but I’d gladly be proven wrong. On the other hand, Teleste isn’t particularly expensive even if it stops at 30 cents this year. As the balance sheet and financing costs improve, hopefully the dividend will rise quite substantially. If Teleste moves to paying out around 50% of its net income, you’d assume there would be interest (naturally assuming that the business continues progressing gradually in the right direction, as it has so far).