Elisa’s Q1 Results Defy Geopolitical and Macroeconomic Challenges: A Review of the Operator’s Performance

Telecom operator Elisa has released its first quarter results, reporting an operating profit of 112 million euros and a turnover of 535 million euros from January to March. Despite slightly falling short of the average forecasted operating profit and turnover based on analyst predictions, the company’s comparable EBITDA increased by 7 million euros to 190 million euros and comparable operating profit increased by 5 million euros to 122 million euros compared to the same period last year.

Elisa’s results are generally predictable, with a narrow range of analyst forecasts for operating profit. However, there are several uncertainty factors that could impact the company’s performance in the future, such as the anticipated halt in the growth of the Finnish economy and challenges stemming from global conflicts affecting inflation and energy prices, supply chain disruptions, and intense competition in the Finnish telecommunications market.

In her earnings release statement, Elisa’s new CEO Topi Manner highlighted that despite geopolitical and macroeconomic challenges, the company’s good earnings continued in the first quarter. Although turnover decreased due to sales of businesses and a decline in equipment sales and intermodal traffic, comparable EBITDA improved thanks to growth in mobile service revenue and efficiency measures. The company’s mobile service turnover saw a 5.8 percent increase to 249 million euros during the quarter.

To further improve productivity, Elisa remains focused on implementing measures such as automation and data analytics in customer meetings, network management, and distribution. Continuous quality improvement initiatives aim to enhance customer satisfaction, improve efficiency, and reduce costs.