Finland · Delayed Price · Currency is EUR Elisa Oyj Earnings Call Transcripts
Fiscal Year 2026
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Revenue declined 1.3% year-over-year due to lower equipment sales, but EBITDA rose 2.2% on cost savings and improved mix. Telecom service revenue grew 0.5%, and guidance for 1%-3% growth is maintained, with mobile momentum expected to improve in H2.
Fiscal Year 2025
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Q4 revenue rose 1.5% year-over-year, with strong cash flow and stable EBITDA despite intense competition and temporary sales costs. 2026 guidance expects flat to slightly higher revenue, EBITDA of EUR 815–845 million, and continued focus on cost savings and dividend growth.
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Revenue grew 4.6% year-over-year, led by ISS and mobile services, while EBITDA rose 3.7%. A EUR 40 million cost-saving program was launched, including 450 job reductions, to offset intense 4G competition and support midterm targets. Guidance for revenue and EBITDA remains unchanged.
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Q2 delivered strong EBITDA and record cash flow, with revenue up 2% and robust mobile service growth. New offerings and customer wins support positive outlook, while macro uncertainties persist in B2B.
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Revenue and EBITDA grew 4% and 4.6% year-over-year, driven by 5G upselling and international software services. Guidance for mid-single digit mobile service revenue growth and double-digit ISS growth is reiterated, with strong dividend continuity and ongoing fiber expansion.
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Revenue and EBITDA growth targets have doubled to over 4%, with strict CapEx discipline and a focus on 5G, fiber, and international software expansion. AI-driven services, home energy, and security solutions, plus productivity initiatives, underpin the strategy.
Fiscal Year 2024
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Q4 2024 saw the strongest revenue growth of the year, driven by IDS and mobile services, with full-year EBITDA and EBIT at record highs. 2025 guidance is for stable or slightly higher revenue and EBITDA, with continued focus on 5G, fiber, and digital services.
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Q3 saw a 2% revenue decline due to disposals and lower equipment sales, but high-margin services and 5G upsales drove a 4% EBITDA increase and margin improvement. The outlook was upgraded, with strong IDS growth, active fiber expansion, and a new loyalty program supporting future performance.
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Q2 saw continued earnings and EBITDA growth, with revenue up 2% and strong 5G-driven mobile service revenue. IDS posted 21% revenue growth, and the company reiterated its full-year guidance for stable or slightly higher revenue and EBITDA versus 2023.