Q4 prel. figures indicate a substantial earnings drop
On 15 December, Eltel announced in a press release that Q4 operative EBITA would be negative, and that this risks resulting in negative operative EBITA for the full year. A negative FY EBITA implies a Q4 loss of at least EUR -2.2m, and we now estimate EUR -2.4m, for a margin of -1.1% (+2.0%). The main driver of the earnings drop seems to be increased input costs, which have plagued the company for several quarters, but as an added headwind customers are now slowing their purchasing activity as well.
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