The rise is still speculative (I know, because I bought 60,000 units in November), partly in preparation for the January effect, where Teleste has traditionally been strong, of course, the decrease in costs in the last earnings report was positive, thanks perhaps to the new CFO as well?
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In Teleste, 60,000 points will clearly get you onto the TOP100 list, congratulations! You might even make it into the TOP 30 club…
Just a small extra purchase 
Luck is indeed needed in this company, as future success is a bit hazy..
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Teleste to collaborate with Telia in the operation and development of broadband and TV services. The transfer of operational services will take place by the end of 2024, and with the transfer, a few key personnel will move from Telia to Teleste. To my knowledge, Teleste has previously performed similar network operations, e.g., with Elisa, but otherwise, this kind of service business is relatively small in the company’s scale.
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Rinnevaara, ex-CEO, is the largest private owner with approx. 117k shares, and you said you added a small amount with 60k shares. I’m usually not interested in others’ holdings, but this certainly caught my attention. However, I’ve owned this long-term underperformer through my company since the early 2000s boom; I think I bought it for 12.50 with great hopes of world domination. For me, it has remained firmly among the forgotten and lazily followed companies, waiting for the business to eventually take off. I doubled my position last November, but the news didn’t lead anywhere. This is off-topic for the thread, of course, but I couldn’t resist commenting…
- edit: @P_O_Niemi Nieminen might have gone unnoticed; he’s almost an institution
If I looked correctly, someone there has doubled, but that’s not a small amount, is it?
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How is it that Rinnevaara is the largest private owner? According to the shareholder list dated 30.11., Jorma J. Nieminen has traditionally been higher on the shareholder list and, at least based on the name, he is a private owner. This person who added 60,000 shares has also surpassed Rinnevaara. So, according to my calculations, it would have been logical to say that Rinnevaara WAS until now the second largest private owner, until the username Zen65 surpassed them?
(I cannot now assess how badly this is considered off-topic, but let it be as reasonable as deemed.)
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Here are @Antti_Siltanen’s comments on Teleste’s announcement regarding the progress of smart amplifier orders in North America. 
Teleste Enters into Partnership Agreement in the United States
Teleste has initiated a partnership with US system integrator and broadband technology reseller Mega Hertz.
Mega Hertz, headquartered in Texas, will become an authorized reseller of Teleste’s smart 1.8 gigahertz ICON amplifiers and distributed network architecture devices in North America.
The partnership expands the availability of Teleste’s devices to small and medium-sized operators in the United States.
ICON amplifiers are designed to optimize network operations and reduce their operating costs. In addition, their automation features simplify network deployment and maintenance.
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Came across this elsewhere. I didn’t quickly find a story about it from Teleste.
Hanno Narjus, Senior Vice President at Teleste Networks: “We are excited to be part of this transformative project, delivering multigigabit internet with exceptional quality to Orange Belgium customers. This upgrade represents a strategic step in Orange Belgium’s journey to offering 10 Gbps speeds using existing cable network infrastructure. Not only does this approach benefit the environment, but it also enables a fast network upgrade cycle. Our Teleste Remote PHY devices, built on open DOCSIS specifications, ensure full ecosystem interoperability, providing Orange Belgium with complete flexibility for their future network investment steps.”
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Atte and Roni have written a preview comment, as the company reports its Q4 results next week on Tuesday around 8:30 AM.
We expect the five-quarter revenue decline trend to have broken in Q4, and revenue to have recovered slightly from a weak comparison period. We also expect a clear level correction in earnings, supported by recovering volumes and implemented cost savings. There is uncertainty regarding the company’s year-end key figures concerning the recognition of certain larger projects. However, attention in the report will focus on the guidance, which should indicate a return to clear growth in both revenue and earnings as North American deliveries accelerate this year.
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Teleste Oyj: Financial Statement Release 1.1.-31.12.2024 - Summary
- Net sales: Decreased by 12.4% from the previous year, amounting to EUR 132.5 million; Q4 grew by 19.0%.
- Adjusted operating profit: Increased by 248.2% to EUR 4.0 million; Q4: EUR 0.8 million.
- Operating profit: Decreased by EUR -5.5 million; Q4: EUR -5.7 million due to one-off write-downs.
- Orders received: Decreased by 16.5% during the year, but Q4 grew by 13.2%.
- Financial outlook 2025: Net sales are estimated to be EUR 135–150 million; adjusted operating profit EUR 4–7 million.
- Dividend distribution: The Board of Directors proposes a dividend of EUR 0.03 per share.
- Operating environment risks: Potential US import tariffs may temporarily weaken profitability.
The result for the period was EUR -6.1 million, earnings per share EUR -0.32. The number of personnel decreased by 19.2% from the year, totaling 619 people.
Summary generated by FinDL.
https://attachment.news.eu.nasdaq.com/a922dd4a8afa017ca3d886996df98aca3
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Yes, Teleste’s head is rising to the surface; it still hasn’t run out of oxygen. Teleste’s investment in overall product development is very limited; let’s hope Trump doesn’t cause too much trouble in the future. Of course, as the order backlog and turnover grow, efficiency is easier to maintain and price competitiveness remains sufficient.
Here are the first comments on the result:
Development now seems to be moving in the expected better direction! Let’s hope that possible import tariffs do not cause harm to the company’s conquest of America.
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Atte got to talk about Teleste’s performance with CEO Esa Harju.
Topics:
00:00 Introduction
00:12 Year in review
01:30 Situation of the Public Safety and Mobility unit
03:00 Broadband Networks’ European development
04:21 Significant growth in the United States
05:33 Impact of import tariffs
07:00 Return to dividend payment
07:54 2025 guidance and outlook
09:01 Visibility into revenue development
10:15 Impact of potential tariffs on guidance
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Here is Ate’s and Ron’s company report right after Q4.
Teleste’s Q4 report confirmed that the company’s operational turnaround progressed well towards the end of the year, and the market situation in Europe no longer appears to be deteriorating. At the same time, the company’s conquest of North America is progressing rapidly, and the strongly growing volumes this year are also starting to be reflected in the company’s earnings growth. Overall, our confidence in the earnings growth we forecast for Teleste in the coming years was strengthened by the report, against which the stock’s valuation appears moderate. In the short term, potential import tariffs act as a risk factor, but we do not see them having a significant impact on slightly longer-term expansion plans.
Quoted from the report:
Regarding volumes, North America can, at best, offer significant growth compared to Teleste’s current size, as the market is approximately 4 times larger than Europe. In the longer term, however, the European subscriber network equipment markets, which are in structural decline, are estimated to hinder revenue development.
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Teleste’s comprehensive report has been updated, and tomorrow we will also go through it in a video:
For many years, Teleste’s return to profit growth has been awaited, but now the starting points for this look better than in a long time. In a difficult market situation, the cost structure has been adjusted, and at the same time, a foothold in North America has been built. The Q4 report already showed in the growth of received orders that this year volumes will clearly grow in North America, driven by the main customer (Cox Communications). With a trimmed cost structure, growth should also be visible on the bottom line in the coming years, even though expanding into a new market is not free. Trump’s tariffs may cause headaches in the short term, but these would also harm competitors.
Overall, Teleste now has the opportunity in the coming years to shift its investment profile towards a profitable growth company, compared to which the stock’s valuation does not look particularly demanding. In a good scenario, there could be quite a lot of potential, which is also outlined in the report.
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Atte and Roni have prepared a new comprehensive report on Teleste. Like other comprehensive reports, this one is naturally available for everyone to read.
We reiterate our Add recommendation for Teleste and a target price of 3.2 euros. Teleste’s operational turnaround progressed well at the end of the year, and the market situation in Europe no longer seems to be deteriorating. At the same time, the company’s conquest of North America is progressing at a good pace, and the volumes growing strongly this year will also begin to be reflected in the company’s earnings growth. Teleste now has the opportunity, after several years of stagnation, to turn its profile back into a profitable growth company. Relative to its medium-term earnings growth potential, the stock’s valuation appears moderate and the risk/reward ratio cautiously interesting.
Quoted from the report:
Forecasts for 2026-2027
We expect Teleste to continue strong growth in 2026 (+8%), driven by Broadband Networks (forecast +12%) led by North America. We estimate that agreements already made should provide the company with clear growth potential, but the company also has good prerequisites to win new operator customers if it succeeds in establishing itself as a significant player in the country. We expect Public Safety and Mobility’s revenue to continue moderate growth (forecast +2%).
We expect Teleste’s adjusted operating profit to improve to EUR 8.0 million (5.1% of revenue) in 2026, supported largely by the same drivers as in 2025. Profitability would then reach a very good level relative to the company’s history (previous 10-year average 3.2%), but without significant negative surprises, this should be entirely achievable, and there is clearly even better potential in a good scenario.
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Here are some thoughts on Teleste in video format, regarding the extensive report:
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