Q4 2024 Elisa Oyj Earnings Call Transcript
Key Points
- Elisa Oyj (ELMUY) reported a revenue increase of 2.9% in Q4 2024, marking the best quarter for revenue growth during the year.
- The company's mobile service revenue grew by 4.1%, driven by strong 5G upsells.
- Elisa Oyj (ELMUY) achieved double-digit organic growth in its International Digital Services (IDS) segment for the full year.
- The Board of Directors proposed a dividend of EUR2.35 per share, marking the 11th consecutive year of increasing dividends.
- The company maintained a strong EBITDA margin, with a comparable EBITDA growth of 3.3% in Q4 2024.
- Post-paid churn in Finland increased to 20%, indicating higher customer turnover.
- The competitive landscape in the Finnish market intensified, particularly with aggressive pricing in 4G subscriptions.
- Elisa Oyj (ELMUY) faced a EUR5 million impairment charge related to a loan receivable from an associated company.
- The company's CapEx to sales ratio was 13% for 2024, higher than the previously guided range of 12% to 13%.
- There are uncertainties in the macroeconomic environment, particularly affecting corporate demand and project timelines.
Good morning, everyone, and welcome to Elisa's fourth quarter 2024 analyst meeting and conference call. I'm Vesa Sahivirta, Head of Investor Relations, now going to say that we are very familiar team here, CEO, Topi Manner; and CFO, Jari Kinnunen. We have also some audiences here in our headquarters. We start with a presentation followed by Q&A. And first, we take questions from the floor and then from the conference call lines.
And then we are ready to start, so I give word to Topi, please go ahead.
Thank you, Vesa. And yes, good day, everybody here in the room as well as participating remotely, and welcome to this Elisa Q4 earnings call. Let's get right down to business and look at the Q4 '24 highlights. During the quarter, our revenue increased to 2.9%.
Of the quarters during '24, full year of '24, this was the best quarter in terms of revenue growth, driven by strong growth in our IDS part of the business and also increase in
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