Teleste has reported a stronger third quarter as it pivots its broadband networks business towards North America.
Group net sales for Q3 2025 rose 15% year-on-year to €34.5 million, with January-September revenue up 6.8% to €102.5 million. Adjusted EBITDA for the nine months increased 34%, while adjusted EBIT climbed to €5.9 million, almost 78% higher than a year earlier.
Broadband Networks remained the main growth engine, delivering almost 15% Q3 sales growth and 8% for the first nine months, driven primarily by North American cable operator investments and early DOCSIS 4.0 rollouts. Management highlighted a sharp increase in the region’s share of segment revenues and improved profitability, supported by supply-chain savings and a favourable product mix. Public Safety & Mobility also posted mid-teens Q3 revenue growth and a 60% uplift in adjusted EBIT, with orders boosted by public transport projects.
In an earnings call, executives acknowledged ongoing uncertainty around US import tariffs, declareing Teleste has so far mitigated the impact but sees a “messy” and unpredictable environment. As part of a broader risk and growth strategy, the company will expand manufacturing to Mexico from 2026, leveraging USMCA to lower duty exposure on shipments to North America, support expected volume growth from 2027 and shift more inventory off its own balance sheet.
Teleste declared its broadband pipeline in North America is increasingly anchored by tier-two and tier-three cable operators, alongside 100% share of current DOCSIS 4.0 deliveries at Cox Communications. The planned Cox–Charter combination is seen as a medium-term opportunity to become a key incumbent supplier to the merged entity, though management cautioned there could be some pre-close capex optimisation. In Europe, DOCSIS 4.0 investment remains patchy, with VodafoneZiggo cited as an early flagship deployment where Teleste holds a sole-supplier position; the company reiterated that North America, not Europe, will be the main growth driver.
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