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MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Elisa Oyj    ELISA   FI0009007884

ELISA OYJ

(ELISA)
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Finnish telecom Elisa's second-quarter profit rises on cost cuts, data demand

07/15/2020 | 02:22am EST

Finnish telecom service provider Elisa on Wednesday reported higher profit for the April-June quarter, boosted by cost cuts, growth in consumer business as the coronavirus-induced lockdown helped boost customers' data usage.

Finnish telecom service provider Elisa on Wednesday reported higher profit for the April-June quarter, boosted by cost cuts, growth in consumer business as the coronavirus-induced lockdown helped boost customers' data usage.

The company's earnings before taxes, depreciation and amortisations (EBITDA) came in at 168 million euros (£152.3 million), up 6% from last year. The numbers were in line with analysts' average forecast of 168.7 million euros in a Refinitiv poll.

Elisa said the lockdowns in Finland and Estonia boosted data usage on its mobile network that surged over 40% in the second quarter from last year.

However, group sales grew just 2% as shoppers were reluctant to enter stores for non-essentials during the lockdown.

"Mobile churn levels and equipment sales have decreased due to the reduced number of customer visits to physical stores, and roaming revenue has reduced as travelling has been virtually non-existent," the Finnish company said.

Elisa, which competes with Telia and Telenor's DNA for Finnish market share, reiterated that it expects 2020 revenue and EBITDA at the same level or slightly higher than 2019, despite mounting risks of an economic slowdown.

(Reporting by Tarmo Virki in Tallinn; Editing by Christian Schmollinger and Sherry Jacob-Phillips)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ELISA OYJ -0.40% 44.82 Delayed Quote.-8.63%
TELENOR ASA -0.69% 150.4 Delayed Quote.-3.81%
TELIA COMPANY AB -0.06% 36.34 Delayed Quote.-9.66%
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Financials
Sales 2020 1 885 M 2 274 M 2 274 M
Net income 2020 325 M 392 M 392 M
Net Debt 2020 1 138 M 1 374 M 1 374 M
P/E ratio 2020 22,1x
Yield 2020 4,26%
Capitalization 7 175 M 8 649 M 8 658 M
EV / Sales 2020 4,41x
EV / Sales 2021 4,32x
Nbr of Employees 5 124
Free-Float 84,0%
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Technical analysis trends ELISA OYJ
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Mean consensus UNDERPERFORM
Number of Analysts 20
Average target price 47,56 €
Last Close Price 44,82 €
Spread / Highest target 38,3%
Spread / Average Target 6,11%
Spread / Lowest Target -32,0%
EPS Revisions
Managers
NameTitle
Veli-Matti Johannes Mattila Chief Executive Officer
Anssi Markku Kaleva Vanjoki Chairman
Jari Juhani Kinnunen Chief Financial Officer
Leena Katriina Niemistö Independent Director
Seija Kaarina Turunen Independent Director
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