ELISA CORPORATION HALF-YEAR FINANCIAL REPORT RELEASE
Second quarter 2021 financial highlights
- Revenue increased by
EUR 24m toEUR 484m , mainly due to the camLine acquisition, Elisa Viihde Viaplay cooperation and growth in mobile revenue. -
Mobile service revenue increased by 4.2 per cent to
EUR 213m . -
Comparable EBITDA grew by
EUR 4m toEUR 172m . -
Comparable EBIT increased by
EUR 4m toEUR 105m . -
Comparable cash flow increased by
EUR 16m toEUR 101m , mainly due to a positive change in net working capital. -
In
Finland mobile post-paid ARPU increased toEUR 19.9 (19.5 in the previous quarter), and mobile post-paid churn was at the previous quarters level, 18.3 percent (18.3) . - During the quarter, the number of post-paid mobile subscriptions increased by 36,700, of which 30,800 were M2M and IoT subscription.
- Prepaid subscriptions increased by 6,000 during the quarter.
- The number of fixed broadband subscriptions decreased by 5,100 during the quarter.
- The guidance for 2021 is unchanged.
Key indicators
EUR million | 2Q21 | 2Q20 | Δ % | 1H/21 | 1H/20 | Δ % | |
Revenue | 484 | 461 | 5.1% | 966 | 929 | 4.0% | |
EBITDA | 166 | 168 | -1.2% | 336 | 334 | 0.6% | |
Comparable EBITDA 1) | 172 | 168 | 2.2% | 342 | 334 | 2.3% | |
EBIT | 100 | 101 | -1.3% | 202 | 200 | 0.9% | |
Comparable EBIT 1) | 105 | 101 | 4.4% | 207 | 200 | 3.8% | |
Profit before tax | 96 | 97 | -0.1% | 196 | 192 | 2.2% | |
Comparable profit before tax 1) | 102 | 97 | 5.9% | 202 | 192 | 5.2% | |
EPS, EUR | 0.49 | 0.49 | 0.1% | 1.00 | 0.98 | 2.4% | |
Comparable EPS, EUR | 0.52 | 0.49 | 5.9% | 1.03 | 0.98 | 5.3% | |
Capital expenditure | 67 | 75 | -10.3% | 120 | 126 | -4.5% | |
Net debt | 1,379 | 1,332 | 3.5% | 1,379 | 1,332 | 3.5% | |
Net debt / EBITDA 2) | 2.0 | 2.0 | 2.0 | 2.0 | |||
Gearing ratio, % | 133.8% | 132.6% | 133.8% | 132.6% | |||
Equity ratio, % | 35.8% | 35.9% | 35.8% | 35.9% | |||
Cash flow | 101 | 83 | 21.0% | 151 | 156 | -3.2% | |
Comparable cash flow 3) | 101 | 85 | 18.2% | 161 | 158 | 1.6% | |
1) Excluding
Additional key performance Indicators are available at elisa.com/investors (Elisa Operational Data.xlsx).
CEO
Elisa continued its solid development. Revenue increased by 5 per cent from the previous year, to
Elisa's continued its leadership in 5G, with the most extensive network in
Elisa was the first mobile operator in the Nordics to pilot a standalone 5G network in a commercial network. Elisa has delivered private 5G networks for e.g. the ports of Pori and HaminaKotka. Companies utilising private networks can benefit from more advanced applications for the needs of industry and logistics, among other things.
According to a recent study by Elisa, viewing of streaming video has increased steadily over the past three years, and it has increased by over 40 per cent during the COVID-19 pandemic. Demand from corporate customers for cloud-based IT services has continued to grow. Both trends have contributed positively to revenue from entertaining video and IT services.
We continued to implement our mission: a sustainable future through digitalisation. Elisa is in line to be one of the first Finnish companies to reduce its emissions to meet the target for limiting global warming to 1.5 °C by 2025. Elisa was one of the first 100 organisations to sign the global Climate Pledge and is in the top ten of the
We will continue to focus strongly on continuous improvement of the customer experience and quality. Increasing productivity, expanding our digital services internationally and creating value with data, as well as our strong investment capability, continue to lay a solid foundation for competitively creating value in the future.
Outlook and guidance for 2021
The outlook of macroeconomic environment has improved in
Full-year revenue is estimated to be slightly higher than in 2020. Mobile data and digital services are expected to increase revenue. Full-year comparable EBITDA is anticipated to be at the same level or slightly higher than in 2020. Capital expenditure is expected to be a maximum of 12 per cent of revenue.
Elisa is continuing its productivity improvement development, for example by increasing automation and data analytics in different processes, such as customer interactions, network operations and delivery. Additionally, Elisa's continuous quality improvement measures will increase customer satisfaction and efficiency, and reduce costs.
Elisa's transformation into a provider of exciting, new and relevant services for its customers is continuing. Long-term revenue growth and profitability improvement will derive from growth in the mobile data market, as well as digital online and ICT services.
Disclosure procedure
Elisa is adopting the disclosure procedure enabled by the Standard 5.2b published by the
Additional information:
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Distribution:
Nasdaq
Principal media
elisa.com
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