Q2 2024 Elisa Oyj Earnings Call Transcript
Key Points
- Revenue increased by 2% and EBITDA was up by 4%, indicating solid financial performance.
- Mobile service revenue grew by 4.7%, aligning with mid single-digit growth expectations.
- International digital services (IDS) saw a revenue increase of 21%, boosted by small bolt-on M&A activities.
- Postpaid subscriptions grew by approximately 42,000, with significant contributions from M2M and IoT subscriptions.
- Elisa Oyj (ELMUY) achieved a high customer satisfaction score, with a marked difference in favor of 5G customers.
- Business disposals of Videra and the discontinuation of Viaplay cooperation negatively impacted revenue.
- Service number regulation changes and lower equipment sales affected revenue negatively.
- Economic environment remains sluggish, with consumers and corporates prolonging the interval of changing their phones.
- EBITDA percentage on B2B decreased to 26%, driven by some large, lower-margin deals.
- Higher interest expenses due to refinancing at higher rates impacted net financial expenses.
Good morning, everyone, and welcome to Elisa's second quarter 2024 Interim Report analyst meeting and conference call. I'm Vesa Sahivirta the head of investor relations and now we have a quite an affiliate team, CEO, Topi Manner for the second time and CFO, Jari Kinnunen, who has been here quite many times. And regarding one milestone, I just want to say that that is and 100 Interim Report at Elisa for me and the last 41 of those actually has been the best ever in our company's history in a year-on-year comparison. So quite a great continuous improvement indeed.
So but now to the agenda of the day, we start the presentation followed by Q&A. And Topi, you start the presentation so I give word to Topi. Please go ahead.
Thank you, Vesa, and good day, everybody. And by the way, with our congratulations for the 100 quarterly report. That's quite amazing I must, I must say, and also the 41 quarters of improving result for oil is that that is that is
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