Elisa reports revenue increase in 1Q20

23 Apr 2020

Finland’s Elisa Corporation has published its results for the first three months of 2020, revealing a 6.5% year-on-year increase in revenue, though it noted growth was ‘mainly’ due to its acquisition of Sweden-based mobile analytics and assurance software provider Polystar. In the three months under review, Elisa generated a total turnover of EUR468 million (USD507 million), up from EUR440 million in 1Q19, with revenue from its ‘Consumer Customers’ division accounting for EUR286 million of that total (1Q19: EUR273 million), having been positively affected by ‘growth in mobile and domestic digital services, as well as equipment sales and Estonian business’. Reported EBITDA increased by 6.9% in the January-March 2020 quarter, to EUR166 million, with Elisa recording a net profit of EUR78 million, up from EUR69 million in the corresponding quarter a year earlier.

In operational terms, in its domestic territory Elisa reported a mobile subscriber base of 4.080 million as at 31 March 2020, up from 3.977 million a year earlier, with the bulk of those – 3.746 million, up from 3.651 million – being post-paid accesses. Fixed broadband accesses, however, were down marginally y-o-y at 1.192 million (Mar-19: 1.196 million), while fixed voice accesses continued to decline, falling to 85,000, from 103,000. In Estonia, Elisa was serving a total of 664,000 mobile subscribers at end-March 2020, unchanged from a year earlier, of which almost 86% were post-paid. Fixed broadband accesses were similarly static, standing at 98,000 (Mar-19: 96,000), with fixed voice connections continuing a downward trend, falling to 28,000, down from 32,000 at the end of the first quarter of 2019.

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