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Netel Holding AB ( (SE:NETEL) ) has issued an update.
Netel Holding AB’s second quarter results were impacted by a high number of projects in the start-up phase, leading to a temporary decline in sales and profitability. Despite this, the company has strengthened its market position by divesting its loss-making Finnish operations and securing new contracts, which are expected to drive future growth and improved earnings.
The most recent analyst rating on (SE:NETEL) stock is a Buy with a SEK26.00 price target. To see the full list of analyst forecasts on Netel Holding AB stock, see the SE:NETEL Stock Forecast page.
More about Netel Holding AB
Netel Holding AB operates in the critical infrastructure sector, focusing on electrification, digitalization, and modernization. The company provides services in the Power, Telecom, and Infraservices divisions, with a strong presence in Sweden, Norway, Germany, and the UK.
Average Trading Volume: 99,026
Current Market Cap: SEK503.6M
For detailed information about NETEL stock, go to TipRanks’ Stock Analysis page.