Elisa Oyj Ord A (ELMUF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to ELISA's first quarter 2025 interim report conference call and analyst meeting. I'm Vesa Sahivirta, head of investor relations, and here we have a very familiar team, CEO Topi Manner and CFO Jari Kinnonen, as well as some of my colleagues and audience. We start with the presentation, followed by Q&A. And in Q&A, we take first questions from the audience and then from the conference call lines. We are ready to start, so I give word to Topi. Please go ahead. Thank you, Veisa. And good day, everybody here in the room, as well as those of you joining remotely. Welcome to ELISA's Q1 earnings call. Lately the Q&A part of these sessions has been taking quite a bit of time, so we have been shortening the presentations to give space for more Q&A this time around. And that is basically the reason of us taking the number of slides down a bit. So with that, let's get right down to business and look at the Q1 highlights. During the quarter, our revenue increased with 4%. That was very much driven by the international software services, especially SEDAPTA now being consolidated to the numbers, and also driven by the increase in mobile service revenue. The comparable EBITDA was up 4.6%, boosted by our continuous improvement measures in terms of efficiency. As they did, the mobile service revenue was up by 2.6%, and in the international software services, namely in ELISA Industriq, the growth amounted to 57%. The comparable organic growth for that part of the business was 2.1%. The churn on the market decreased to 18.6% from a little bit above 20% in Q4. The number of post-bait subscriptions decreased with some 17,000. Part of that was M2M and IoT subscriptions, roughly 6,000 of those. And then also majority of the decrease is coming from mobile...