Q4 2025 Elisa Oyj Earnings Call Transcript
Key Points
- Elisa Oyj (ELMUF) reported a 1.5% increase in revenue for Q4 2025, driven by mobile service revenue growth and International Software Services.
- The company's International Software Services segment saw a total revenue growth of 11.3% in Q4, with a positive full-year EBITDA.
- Comparable cash flow grew by 37.6% in Q4, driven by net working capital efficiency.
- Elisa Oyj (ELMUF) maintained its market share in consumer postpaid subscriptions in Finland despite intense competition.
- The Board of Directors proposed a dividend of EUR2.40, marking the 12th consecutive year of increasing dividends.
- Intense competition in Q4 led to increased temporary sales costs, impacting EBITDA margin by approximately 1% unit.
- Postpaid churn in Finland was 23% in Q4, reflecting intense competition in mobile services.
- The company had to reduce 360 jobs as part of a transformation program to achieve cost savings.
- Projects in the International Software Services segment were postponed to 2026, affecting organic revenue growth.
- Temporary sales costs, including marketing expenses like gift cards, amounted to EUR5 million to EUR6 million during the quarter.
Good morning, everyone, and welcome to Elisa's fourth-quarter 2025 conference call. I'm Vesa Sahivirta, the Head of Investor Relations. This is now purely a conference call. We don't have audience today here. So we start with the presentations, and the team is here CEO, Topi Manner; and now as first time, CFO, Kristian Pullola. And I think we are ready to start, so I give word to Topi. So please go ahead.
Thank you, Vesa, and good day, everybody. Welcome to this Q4 Elisa earnings call. And let's get right down to business and go through the Q4 highlights.
During Q4, our revenue increased by 1.5%. That was predominantly driven by mobile service revenue growth, but also related to growth of revenue in International Software Services. Mobile service revenue growth amounted to 2.4% and the telecom service revenue to 2.2%. And to telecom service revenue, we include both mobile service revenue as well as fixed service revenue.
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