Elisa Oyj

Elisa has announced the appointment of Stuart Wells as Executive Vice President and Chief Marketing Officer, effective April 1, 2025. He will also join the Elisa Corporate Executive Board and report to CEO Topi Manner. Wells, who previously served as Vice President of Marketing for Adidas Digital Sports, brings extensive experience from his roles at Adidas, Nokia, and Abbott Mead Vickers BBDO. Topi Manner expressed confidence in Wells' ability to drive growth for Elisa. Antti Nieminen, the current Executive Vice President for marketing, will leave the company on April 1, 2025. Manner thanked Nieminen for his contributions and wished him success in his future endeavors.

On October 22, 2024, Elisa Oyj released a notification in compliance with Article 19 of the Market Abuse Regulation regarding a transaction by senior manager Vesa-Pekka Nikula. The transaction, which took place on October 21, 2024, involved the disposal of shares on the Nasdaq Helsinki Ltd. A total of 20,000 shares were sold at a volume-weighted average price of 46.43956 EUR. For further details, Vesa Sahivirta, the IR Director, can be contacted.

Kati Nyman has been appointed as Executive Vice President and Corporate Chief of Staff at Elisa, starting March 1, 2025. She will oversee Communications, Sustainability, Public Affairs, Legal, Corporate Security, Facilities, and Assistant Services, reporting to CEO Topi Manner. Nyman joins from Bayer AG in Germany, where she was Vice President and Head of International Public Affairs. Sami Ylikortes will transition to Vice President and Head of Public Affairs, reporting to Nyman, and leave the Corporate Executive Board on March 1, 2025. Eliisa Tapio will leave the Corporate Executive Board and the company on the same date. CEO Topi Manner thanked Tapio for her contributions to Elisa.

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.

Elisa will release its financial results statement, half-year financial report, and interim reports in 2024. The Annual General Meeting is scheduled for April 2, 2025. For more information, contact Vesa Sahivirta, IR Director, at +358 50 520 5555.