Elisa reports 6.6% revenue increase in first quarter of 2017

20 Apr 2017

Finland’s Elisa Corporation has published its results for the quarter ended 31 March 2017, revealing improvements in a number of key financial metrics. In the three-month period under review, Elisa generated a total turnover of EUR416 million (USD446 million), representing year-on-year growth of 6.6%, with this attributed to the consolidation of Anvia, as well as growth in mobile services in both Finland and Estonia. Lower interconnection and roaming revenue, as well as decreases in usage and subscriptions of traditional fixed telecom services, were said to have affected revenue negatively, meanwhile. EBITDA was up 5.2% against the corresponding quarter of 2016, at EUR144 million, mainly due to revenue growth, productivity improvement measures, and the Anvia consolidation. Net profit in the opening quarter of 2017 meanwhile totalled EUR69 million, up from EUR63 million a year earlier.

In operational terms, as at 31 March 2017 Elisa had a total of 4.67 million mobile subscribers on its books, down from 4.72 million a year earlier, with the bulk of those – 4.02 million – attributed to its domestic operations, while the remainder were in Estonia. With regards to fixed accesses, meanwhile, Finnish broadband customer numbers rose to 593,500, a y-o-y increase of more than 12%, with this growth underpinned by the acquisition of Anvia in the third quarter of 2016. Fixed voice accesses benefitted from that deal in a similar fashion, standing at 162,200 at end-March 2017, up from 151,300 a year earlier, though notably the latest figure represented a 4% quarter-on-quarter decline.

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