Elisa Oyj Ord A (ELMUF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to ELISA's fourth quarter 2025 conference call. I'm Vesa Sahivirt, the Head of Investor Relations. This is now a purely conference call. We don't have audience today here. So, we start with the presentations, and the team is here CEO Topi Manner, and now, as first time CFO, Kristian Pullola. And I think we are ready to start, so I give word to Topi, so please go ahead. Thank you, Veza, and good day, everybody. Welcome to this Q4 ELISA earnings call. And let's get right down to business and go through the Q4 highlights. During Q4, our revenue increased by 1.5%. That was predominantly driven by mobile service revenue growth, but also related to growth of revenue in international software services. Mobile service revenue growth amounted to 2.4% and the telecom service revenue to 2.2%. And to telecom service revenue we include both mobile service revenue as well as fixed service revenue. In international software services part of the business, the Q4 total revenue growth was 11.3 percent. The comparable organic revenue was flat, predominantly driven by projects being postponed to 2026. Importantly, in this part of the business, the full year EBITDA was positive, as we stated at the start of the year. So in that sense, we delivered according to our plans. Looking at the total company, comparable EBITDA was at previous year's level, despite quite intense competition during Q4, leading to increased temporary sales cost. The amount of those sales costs was 5 to 6 million euros during the quarter. Comparable cash flow was very strong during Q4, especially driven by net working capital efficiency. Comparable cash flow grew by 37.6%. In Finland, postpaid churn was 23%, reflecting also Q4 being seasonally typically the highest in terms of chur...