Q1e: seasonally small quarter, we est. EUR -1.0m EBITA
Q1 is a seasonally small quarter for Eltel due to adverse weather effects making installations difficult. We expect the company to report sales of EUR 198m, up 5% y-o-y, and an adj. EBITA of EUR -1.0m (-5.5m). There should still be some improvement y-o-y, given weaker comps for H1'23 and Eltel now having renegotiated several contracts to move on higher costs to customers.
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