Netel Holding AB (publ) reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was SEK 684 million compared to SEK 626 million a year ago. Revenue was SEK 686 million compared to SEK 632 million a year ago.

Net loss was SEK 9 million compared to net income of SEK 15 million a year ago. Basic loss per share from continuing operations was SEK 0.18 compared to basic earnings per share from continuing operations of SEK 0.33 a year ago.