Q1 2025 Elisa Oyj Earnings Call Transcript
Key Points
- Elisa Oyj (ELMUF) reported a 4% increase in revenue for Q1 2025, driven by International Software Services and mobile service revenue growth.
- The company's comparable EBITDA rose by 4.6%, supported by continuous efficiency improvements.
- Elisa Oyj (ELMUF) achieved a 57% growth in its International Software Services segment, particularly in Elisa Industriq.
- The company has maintained a strong dividend track record, with the 11th consecutive year of increasing dividends, approved at EUR2.35.
- Elisa Oyj (ELMUF) introduced 5.5G technology, showcasing its position as a technology leader in the telecom industry.
- The number of postpaid subscriptions decreased by 17,000, partly due to a shift from mobile broadband to fiber connections.
- Fixed services revenue was negatively impacted by a decline in corporate PSTN revenue.
- The churn rate, although improved, remained relatively high at 18.6%, reflecting competitive pressures in the market.
- Corporate customer revenue growth was modest at 0.3%, indicating a challenging market environment in Finland and Estonia.
- The company faced delays in some International Software Services deals, moving revenue recognition from Q1 to Q2.
Good morning, everyone, and welcome to Elisa's first quarter 2025 interim report conference call and analyst meeting. I'm Vesa Sahivirta, Head of Investor Relations.
And here, we have a very familiar team, CEO, Topi Manner; and CFO, Jari Kinnunen as well as some of my colleagues and audience. We start with the presentation followed by Q&A. And in Q&A, we take first questions from the audience and then from the conference call lines.
We are ready to start. So I give word to Topi. Please go ahead.
Thank you, Vesa, and good day, everybody here in the room as well as those of you joining remotely. Welcome to Elisa's Q1 earnings call. Lately, the Q&A part of these sessions has been taking quite a bit of time, so we have been shortening the presentations to give space for more Q&A this time around. And that is basically the reason of us taking the number of slides down a bit. So with that, let's get right down to business and
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