Elisa Oyj Ord A (ELMUF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to ELISA's second quarter 2025 conference call and analyst meeting. We have a very familiar team here again. I'm Vesa Sahivirta, head of investor relations, and we have here also CEO Topi Manner and CFO Jari Kinnunen. We follow normal practice in this event. Before we start, I would like to say on behalf of our whole team, to our group treasurer Juha Kervinen. Thank you for your incredible work at ELISA. Juha will retire now after these summer holidays. And Juha has also been working with IR since the company was listed. So Juha has even more interim reports behind him than I have. And that's pretty much. So thank you, Johan. It has been a pleasure and privilege working with you. So, but now we are going to the agenda of the day and we start with the presentation and I give a word to Topi, please go ahead. Thank you. Thank you, Vesa, and good day, everybody. Welcome to this ELISA Q2 earnings call. And first of all, I would just like to echo what Vesa said about Juha and your contribution to the company over the years. I mean, there will be many speeches coming your way soon, but thank you for all of your work during the many, many years. So, When we look at our Q2, I think a good quarter for us in many ways. Strong EBITDA development fully in line with our mid-term targets being above 4%. New mobile offering introduced to the market and being well received by our customers. And then when we look at our cash flow, the cash flow development was strong. Actually, it was an all-time high quarter in terms of cash flow for us. Looking into the highlights of the quarter, the revenue increased by 2%, very much driven by international software services and the increase in mobile service revenue. When analyzing the revenue development, it is...