European orders lift Teleste Networks
August 14, 2026 11.26 Europe/London By Julian Clover


Teleste’s Networks division reported its strongest quarterly order intake since early 2023, as European demand offset delayed spending by a major North American customer.

Second-quarter orders increased 8.3 per cent year on year to €25.6 million, up from €18.2 million in the first quarter. Demand was led by integrated video systems and distributed access architecture products, particularly in Europe.

Revenue fell 13.5 per cent to €19.6 million, reflecting lower network equipment deliveries in North America during an unnamed customer’s continuing merger process. European DOCSIS 4.0 deployments and video products contributed to growth but did not fully offset the shortfall.

The division’s adjusted operating profit declined to €2.0 million from €2.8 million in the second quarter of 2025.

For the first half, Networks revenue decreased 5.3 per cent to €39.8 million, while orders fell 8.4 per cent to €43.8 million. However, adjusted EBITDA increased 9.5 per cent to €6.0 million and its margin rose from 13.0 to 15.0 per cent.

Adjusted operating profit increased 6.3 per cent to €4.4 million, with the margin improving from 10.0 to 11.2 per cent. Teleste attributed the improvement to its product and customer mix, material savings and operational execution.

“Performance in Europe was particularly positive, with new orders received from several customers across multiple markets and product categories,” said chief executive Esa Harju. He added that North American development remained slower because of the customer merger.

Teleste is continuing development work on intelligent network telemetry, remote management software and DOCSIS 4.0-compatible amplifier technology. The Broadband Networks division was renamed Networks at the beginning of 2026.

At group level, Teleste maintained its 2026 guidance of revenue between €140 million and €160 million and adjusted operating profit of €7 million to €10 million. Performance is expected to be weighted towards the second half, with the timing of North American investment remaining a significant uncertainty.