Eltel, the UK-based infrastructure services group, has published its second-quarter results, showcasing its strongest performance in a decade. The company's revenue grew by 12% year-on-year, driven by a surge in demand for its services in the UK and Europe. However, Eltel's profit margins were lower than expected, leading to a decline in its share price.
The company's shares fell 5.4% to 134.5p on the London Stock Exchange, despite its robust Q2 performance. Eltel's revenue grew by 12% year-on-year, driven by a surge in demand for its services in the UK and Europe. The company's order book has also grown significantly, reaching £1.3 billion, up from £1.1 billion in the same period last year.
Analysts have pointed out that Eltel's profit margins were lower than expected, which has led to a decline in its share price. The company's profit margins were 4.5% lower than expected, which has disappointed investors.
Eltel's CEO, Christian Thomsen, stated that the company is focused on delivering strong growth and improving its profit margins. He added that Eltel is well-positioned to take advantage of the growing demand for infrastructure services in the UK and Europe.