Q2 2025 Elisa Oyj Earnings Call Transcript
Key Points
- Elisa Oyj (ELMUF) reported a strong EBITDA growth of over 4%, aligning with their midterm targets.
- The company achieved an all-time-high cash flow for the quarter, with a 20% increase in comparable cash flow.
- Mobile service revenue increased by 3.4%, driven by a new mobile offering that was well-received by customers.
- International software services revenue saw a significant increase of 70%, supported by bolt-on acquisitions and organic growth of 9.6%.
- Elisa Oyj (ELMUF) improved its sustainability ranking, moving up to #55 on Time Magazine's list of The Most Sustainable Companies in the World.
- Equipment sales decreased by EUR12 million compared to the same quarter last year, partly due to a one-time deal in Estonia.
- The macroeconomic environment is creating challenges for the corporate business, with customers delaying decision-making related to IT services and cyber.
- EBITDA growth was somewhat lower than expected due to increased depreciation costs.
- The competitive intensity in the 4G market remains high, impacting customer acquisition.
- The International Software Services segment reported a slightly negative EBITDA for the quarter, although it is expected to improve by year-end.
Good morning, everyone, and welcome to Elisa's second-quarter 2025 conference call and analyst meeting.
We have a very familiar team here. Again, I'm Vesa Sahivirta, Head of Investor Relations; and we have here also CEO, Topi Manner; and CFO, Jari Kinnunen. We follow normal practice in this event.
Before we start, I would like to say on behalf of our whole team, to our Group Treasurer, Juha Kervinen, thank you for your incredible work at Elisa. You will retire now after these summer holidays, and Juha has also working with IR since the company was listed, so you will have even more interim reports behind him that I have, and that's pretty much. So thank you, Juha, and it has been a pleasure and privilege working with you.
So, but now, we are going to the agenda of the day. And we start with the presentation and I give word to Topi. Please go ahead.
Thank you.
Thank you, Vesa, and good day, everybody. Welcome to this
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