Elisa Oyj Ord A (ELMUF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and welcome to ELISA's third quarter 2025 analyst meeting and conference call. I'm Vesa Sahivirta, head of investor relations and here together with me is a very familiar team CEO Topi Manner and now for the last time CFO Jari Kinnunen who will leave us in the end of the year. We have also our incoming CFO, Christian Pullola here, but now he's in the audience still. Next week, by the way, we are in a roadshow together with Christian and Jari. But now going to the agenda of the day and following the normal practice, we start the presentation followed by Q&A. And now I give word to Topi, please go ahead. Thank you, Veza, and good day, everybody here in the room and those of you who are joining remotely. Welcome to this earnings call also on my behalf. I understand that there are quite many quarterly reports today in the Nordics as well as throughout Europe, so let's jump right into business and try to be relatively condensed with the presentation so that there will be time for a Q&A. In terms of the highlights of the quarter, the revenue of ELISA increased with 4.6%. That was very much driven by the international software services as well as mobile service revenue. The mobile service revenue landed at 3.3%. That was supported... very much by the 5G upselling and also the introduction of security features to our mobile plans. And then pointing to other direction was especially the competition in the 4G category of mobile subscriptions. In international software services, our revenue increased with 53%, roughly. The comparable organic growth was 3%, impacted by some project delays related to the tariff-related uncertainties in the global market. EBITDA was up with 3.7%, solid as such. What was very good to see is that the comparable cash flow grew w...