Q2 2026 Elisa Oyj Earnings Call Transcript
Key Points
- Elisa Oyj (ELMUF) reported a 1.4% increase in comparable EBITDA, driven by successful cost measures.
- Fixed service revenue grew by 2.2%, offsetting declines in mobile service revenue.
- The company saw a normalization in postpaid churn, which decreased to 16.7%, aligning with long-term averages.
- Elisa Oyj (ELMUF) increased its mobile postpaid subscriptions by 21,000, with a significant portion related to IoT and M2M.
- The company announced the start of its large-scale data center connectivity business, signing its first major deals.
- Overall telecom service revenue decreased by 0.7%, impacted by last year's competitive environment.
- International Software Services experienced a modest organic revenue increase of only 0.6%, with some license deals postponed to H2.
- Comparable cash flow decreased to EUR 71 million due to higher financial expenses and less favorable working capital development.
- The company faced challenges in its International Software Services segment, with revenue growth below expectations.
- Elisa Oyj (ELMUF) noted that the impact of new sales prices on service revenue will be delayed, becoming more visible in Q4.
Hello, everyone, and welcome to Elisa's Q2 2026 analyst conference call. I'm Vesa Sahivirta, Head of Investor Relations. And here we have a very familiar team, CEO, Topi Manner; and CFO, Kristian Pullola.
We also follow the normal practice, and we start with the presentation followed by the Q&A. Topi will go through the highlights of the report and Kristian will elaborate more on financials. And now we are ready to start. So I give word to Topi. Please go ahead.
Thank you, Vesa, and welcome, everybody, to this Elisa Q2 earnings call. let's go right down to the main points of our Q2. During Q2, revenue was effectively flat and comparable EBITDA was up by 1.4%, especially driven by successful execution of cost measures.
We were still way down by last year's competition in terms of mobile service revenue, but that was partly offset by good progress in fixed service revenue, which grew 2.2%. The overall telecom service revenue
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