Elisa Oyj (FRA:EIA)

Q1 2026 Elisa Oyj Earnings Call Transcript

Apr 21, 2026 / 09:00AM GMT

Release Date Price: €40.64 (-0.59%)

Transcript

Key Points

Positve

Telecom service revenue increased by 0.5%, driven by fixed service revenue.
International software services revenue grew by 6.9%, with a comparable organic growth of 7.7% in Elisa Industriq.
Comparable EBITDA increased by 2.2%, supported by cost efficiency measures.
Cash flow improved significantly, increasing by 15.7% during the quarter.
Churn decreased to 17.2% from 23% in Q4, a larger decrease than typical seasonality.

Negative

Overall revenue decreased by 1.3%, primarily due to lower equipment sales affected by higher device prices.
Mobile service revenue declined by 0.1%, impacted by intense campaigning in Q4.
Postpaid voice subscriptions decreased by 2,700, indicating a decline in mobile customer base.
The divestment of Epic TV impacted revenue by EUR3 million, although it did not affect EBITDA.
The traditional fixed network, PSTN, is being ramped down, leading to a decrease in customer numbers and weighing on revenue.

Vesa Sahivirta

Elisa Oyj - Director of Investor Relations

Good morning, everyone, and welcome to Elisa's first-quarter 2026 conference call. We start with a presentation given by CEO, Topi Manner; and CFO, Kristian Pullola and after that, we move on to Q&A.

And I think we are ready to start, and I give word to Topi. Please go ahead.

Topi Manner

Elisa Oyj - Chief Executive Officer

Thank you, Vesa, and good day, everybody. Welcome to this Elisa Q1 earnings call. And let's get right down to business and briefly go through the Q1 highlights. During the quarter, our revenue decreased by 1.3%, and this was to a large extent driven by lower equipment sales, impacted especially by higher device prices due to the shortages of memory chips worldwide.

Telecom service revenue increased by 0.5%, driven by fixed service revenue. The mobile service revenue declined by 0.1% as the full impact of intense campaigning in Q4 was visible in the MSR. International software services revenue increased by 6.9%. During the quarter, however, we sold a small

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