Elisa Oyj Q3 2024: Revenue Decline Amidst Strategic Expansions
Elisa Oyj has released its third-quarter financial results for 2024, revealing a mixed performance amidst challenging economic conditions. This article provides an analysis of the latest report and compares it with past performances.
Sammanfattning
In the third quarter of 2024, Elisa Oyj reported a 2% decline in revenue to EUR 536 million, while EBITDA increased by 4% to EUR 206 million. The company continues to expand its 5G network and digital services, maintaining a strong commitment to growth despite geopolitical and economic uncertainties.
Elisa Oyj Q3 2024 Financial Performance
Elisa Oyj's third-quarter results for 2024 showcase a complex financial landscape marked by both challenges and strategic advancements. The company's revenue decreased by 2% to EUR 536 million, attributed to a decline in equipment sales and regulated revenue. Despite this, EBITDA improved by 4% to EUR 206 million, underscoring strong mobile service revenue and enhanced efficiency.
Key Performance Indicators
| KPI | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|
| Revenue | EUR 536 million | EUR 541 million | EUR 535 million |
| EBITDA | EUR 206 million | EUR 190 million | EUR 190 million |
| Net Income | Not disclosed | Not disclosed | Not disclosed |
| Earnings per Share | EUR 0.63 | EUR 0.57 | EUR 0.57 |
KPI Changes
| KPI | Change Q3 vs Q2 | Change Q2 vs Q1 |
|---|---|---|
| Revenue | -0.9% | +1.1% |
| EBITDA | +8.4% | 0% |
| Earnings per Share | +10.5% | 0% |
Conclusion and Investor Analysis
Elisa's performance in the third quarter reflects resilience in a challenging environment, with strategic investments in 5G and digital services driving EBITDA growth. The expansion of the 5G network and international digital services positions Elisa as a frontrunner in technology, although revenue pressures persist. Investors should note the company's strong operational efficiency and strategic acquisitions, which support long-term growth potential.
Källa
Sammanfattning
Elisa Corporation's interim report for the third quarter of 2024 highlights continued solid earnings despite geopolitical uncertainties and a challenging macroeconomic environment. Revenue decreased by 2% to EUR 536 million, primarily due to acquisitions, disposals, and lower equipment sales, while EBITDA improved by 4% to EUR 206 million, driven by mobile service revenue and efficiency improvements. Earnings per share stood at EUR 0.63. Elisa's 5G network now covers all municipalities in Finland, reaching over 95% of the population. The company launched the Elisa Etuohjelma loyalty program, which has been well received. Internationally, Elisa expanded its digital services by acquiring the remaining share capital of sedApta Group, enhancing its industrial automation offerings. Elisa remains committed to securing Finland's cybersecurity and participated in a cyber exercise with the United States. The outlook for 2024 is cautious due to economic uncertainties, but full-year revenue and EBITDA are expected to be stable or slightly higher than in 2023. Capital expenditure is projected at 12-13% of revenue, with ongoing efforts to improve productivity and customer satisfaction through automation and data analytics.