Elisa Oyj Ord A (ELMUF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello everyone and welcome to ELISA's Q2 2026 analyst conference call. I'm Vesa Sahivirta, Head of Investor Relations and here we have a very familiar team, CEO Topi Manner and CFO Kristian Pullola. We also follow the normal practice and we start with the presentation followed by the Q&A. Topi will go through the highlights of the report and Kristian will elaborate more on financials. And now we are ready to start, so I give word to Topi, please go ahead. Thank you, Vesa, and welcome everybody to this ELISA Q2 earnings call. Let's go right down to the main points of our Q2. During Q2, revenue was effectively flat and comparable EBITDA was up by 1.4%, especially driven by successful execution of cost measures. We were still weighed down by last year's competition in terms of mobile service revenue, but that was partly offset by good progress in fixed service revenue, which grew 2.2%. The overall telecom service revenue decreased 0.7%. In international software services, the comparable organic revenue increased by 0.6%. This was largely due to the fact that customers were cautious in proceeding in their projects, given the geopolitical uncertainties and higher Eveliina Dahl, Eveliina Dahl, Eveliina Dahl, Eveliina Dahl, Eveliina Dahl, In comparable cash flow, the comparison quarter was exceptionally strong and during this quarter the cash flow was solid at 71 million euros, decreasing due to higher financial expenses and less favorable working capital development. We were happy to note that the post-pay churn normalized during the quarter, further decreasing from Q1 levels and landed at 16.7% in line with our long-term average for Q2 churn. In mobile postpaid subscriptions, we increased with 21,000, of which 15,000 subs were related to IoT and M2M. With these numbers, o...