Eltel Q3’24: Still room for improvement

The report was in line with our expectations. We expect the profitability turnaround to continue in the coming years, but this is priced in at the current stock price and the expected risk-adjusted return is weak for the next 12 months. Analyst Aapeli Pursimo summarizes.

Content:
00:00 Intro
00:07 Profitability
00:45 Organic growth
01:16 Finland and Sweden
02:25 Denmark
02:54 Norway
03:56 Which country is the most potential and most concerning considering Eltel’s business?
04:45 Financial targets 
05:41 Valuation and recommendation