Elisa reports 1Q results

24 Apr 2007

Elisa has reported a first quarter pre-tax profit of EUR64 million, up from last year’s EUR39 million, but just below market consensus of EUR65.4 million. Sales for the three months ended 30 March 2007 climbed 9% year-on-year to EUR378 million, while EBITDA saw an improvement to EUR115 million from last year’s figure, excluding non-recurring items, of EUR99 million.

At the end of March the group’s domestic wireless operation claimed 2.23 million subscribers, of which 10% were connected to its 3G network. During the period average revenue per subscription (ARPU) declined slightly quarter-on-quarter to EUR29.7, from EUR30.8 in 4Q 2006, due to decreased interconnection fees. Churn was flat on the previous quarter at 1.2%.

Finland, Elisa Corporation