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Elisa Oyj
OTC:ELMUY

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Elisa Oyj
OTC:ELMUY
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Price: 28.425 USD Market Closed
Market Cap: $9.4B

Elisa Oyj
Investor Relations

Elisa Oyj, a telecommunications powerhouse based in Finland, has masterfully woven itself into the digital fabric of the nation, showcasing a legacy that dates back to the 19th century. The company, which began its journey as a mere telegraph operator, has evolved into an innovative leader in the telecommunications sector, providing services that span mobile and fixed network access, broadband subscriptions, cloud-based services, and ICT solutions. Elisa's transformation is characterized by a relentless commitment to embracing technological advancements, ensuring their network infrastructure is not just robust, but continually redefined to meet the increasing demands of connectivity. This adaptability is evident in their deployment of next-generation services like 5G, ensuring users experience seamless communication, and an unmatched digital lifestyle.

Their business model is multifaceted, anchored primarily in maintaining a substantial subscriber base which fuels a recurring revenue stream. By offering broad subscription plans for individual, public, and business customers, Elisa has developed a sustainable approach to growth that extends beyond traditional telecommunication services. They generate income through diverse streams—ranging from mobile voice and data services, digital services like content streaming and security solutions, to high-impact corporate solutions that offer businesses cutting-edge technological advantages. Elisa also leverages its market position to partner with other technology firms, enhancing their service portfolio while driving continuous innovation. This entrepreneurial spirit, combined with an acute responsiveness to digital transformation, ensures Elisa remains at the forefront of industry evolution, effectively monetizing the perpetual demand for connectivity, technology integration, and digitalization.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Jan 30, 2026
AI Summary
Q4 2025

Revenue Growth: Elisa's Q4 revenue rose 1.5% year-on-year, driven by mobile service and international software services growth.

EBITDA Impact: Comparable EBITDA was flat versus last year due to intense competition and temporary sales costs of EUR 5–6 million in Q4.

Cash Flow Strength: Comparable cash flow surged 37.6% in Q4 and 15% for the full year, mainly from improved net working capital.

Dividend Increase: The Board proposed a EUR 2.40 dividend, marking the 12th consecutive annual increase.

2026 Guidance: Revenue is expected to be flat or slightly up in 2026; comparable EBITDA is guided between EUR 815–845 million, and CapEx at 12% of revenue.

Transformation Program: Cost savings are on track with most of EUR 40 million targeted savings effective from January 2026.

Market Competition: Elisa maintained its market share despite higher churn and intense Q4 competition; recent price increases by Elisa and competitors hint at a more rational pricing environment ahead.

Software Services Momentum: The international software segment saw record order intake and expects organic revenue growth above 10% in 2026.

Key Financials
Revenue
EUR 588 million
Comparable EBITDA
EUR 810 million (2025 full year), Q4 at previous year's level
Comparable Cash Flow
EUR 411 million (2025 full year)
Mobile Service Revenue
up 2.4% YoY in Q4
Telecom Service Revenue
up 2.2% YoY in Q4
International Software Services Revenue
up 11.3% YoY in Q4
ARPU
up 3% YoY
Postpaid Churn (Q4)
23%
Postpaid Churn (2025 full year)
20.3%
Postpaid Subscriptions
decreased by 2,000 in Q4
M2M and IoT Subscriptions
up 19,000 in Q4
Fixed Broadband Subscriptions
up 6,000 in Q4
Dividend
EUR 2.40 per share (proposed)
CapEx
12% of revenue (guidance for 2026)
Consumer Segment Revenue Growth
1.9% up YoY in Q4
Corporate Segment EBITDA
EUR 63 million in Q4
International Software Services EBITDA (Q4)
EUR 4 million
International Software Services EBITDA margin (Q4)
9%
Estonia Revenue Growth
3% up YoY in Q4
Estonia EBITDA (full year)
up 5%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Topi Manner M.Sc.
CEO & Member of Management Board
No Bio Available
Mr. Jari Kinnunen
CFO & Member of Executive Board
No Bio Available
Mr. Sami Ylikortes LL.M.
Executive VP of Administration & Member of the Executive Board
No Bio Available
Mr. Timo Katajisto
Executive VP of Corporate Customers & Member of the Executive Board
No Bio Available
Ms. Merja Ranta-Aho Lic.Techn.
Executive VP of Human Resources & Member of Executive Board
No Bio Available
Mr. Vesa-Pekka Nikula M.Sc. (Tech.), MBA
Executive VP of Consumer Customers & Member of Executive Board
No Bio Available
Mr. Henri Korpi
Executive VP of International Digital Services & Member of Executive Board
No Bio Available
Mr. Sami Komulainen
Executive VP of Production & Member of the Executive Board
No Bio Available
Mr. Antti Nieminen M.Sc.
Executive VP of Marketing & Member of Executive Board
No Bio Available
Ms. Eliisa Tapio
Executive VP of Communications & Sustainability and Member of Corporate Executive Board
No Bio Available

Contacts

Address
ETELA-SUOMEN
Helsinki
Ratavartijankatu 5
Contacts
+3581026000.0
elisa.fi
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