Elisa reports 0.8% drop in FY14 revenue

30 Jan 2015

Finland-based Elisa has attributed a 0.8% year-on-year decline in annual revenues to divestments of some non-core businesses, lower mobile termination rates (MTRs) and declining usage and subscriptions of fixed telecom services.

For the year ended 31 December 2014 Elisa reported a total turnover of EUR1.535 billion (USD1.74 billion), down from EUR1.547 million in the previous fiscal year, and despite the decline Elisa pointed to the acquisition of regional fixed network operator PPO in 2013, equipment sales and its Elisa Viihde IPTV service as positive contributors to revenue. Earnings before interest, tax, depreciation and amortisation (EBITDA) excluding recurring items totalled EUR520 million in 2014, up 2.4%, mainly due to ‘acquisitions and synergies as well as productivity improvement measures’, while net profit totalled EUR223 million in FY 2014, compared to EUR196 million in the previous year.

In its domestic market, Elisa’s mobile subscriber base stood at 4.056 million at the end of December 2014, up from 4.034 million, but down from a peak of 4.088 million recorded three months earlier, while fixed voice and broadband connections totalled 196,700 and 557, 500, respectively, down from 234,300 and 565,700. The company’s Estonian subsidiary meanwhile had a total of 667,200 mobile subscribers at the end of the reporting period, compared to 655,800 at end-December 2013.

Finland, Elisa Corporation, Elisa Estonia (incl. Starman)