Finland · Delayed Price · Currency is EUR Elisa Oyj Earnings Call Transcripts
Fiscal Year 2026
-
Revenue was flat in Q2, but EBITDA and margins improved due to cost measures and transformation progress. Mobile service revenue is expected to recover in Q4 as fixed-term contracts expire, while new data center connectivity deals and fiber acquisitions support long-term growth.
-
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
-
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.
-
Revenue grew 4.6% year-over-year, led by ISS and mobile services, with EBITDA up 3.7% and strong cash flow. A EUR 40 million cost-saving transformation program was launched, including 450 job reductions, to offset 4G competition and ensure midterm targets. Guidance for revenue and EBITDA remains unchanged.
-
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.
-
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.
-
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
-
Q4 2024 saw the strongest revenue growth of the year, driven by IDS and mobile services, with EBITDA and EPS at record highs. The outlook for 2025 is positive, with mid-single-digit mobile service revenue growth, double-digit IDS growth, and a return to a 12% CapEx-to-sales ratio.
-
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.
-
Earnings and EBITDA grew in Q2 2024, driven by mobile and digital services, with strong 5G momentum and successful fiber acquisitions. The company maintains its full-year guidance for revenue, EBITDA, and CapEx, while emphasizing efficiency and sustainability.