Elisa shares slide as weakness in telecom services revenue weighs

Elisa Oyj

21/10/2026 08:54

** Shares in Finnish telecommunications company Elisa ELISA.HE fall around 5% after telecom revenue disappointed 
** J.P.Morgan says Q3 telecom service revenues were 0.9% below expectations, driven by mobile service revenue, which missed estimates by 1.3%
** Mobile KPIs were sequentially weaker and key performance indicators showed a loss of 22,000 monthly subscriptions excluding machine-to-machine units, JPM adds
** Inderes notes telecom service revenues continued to be affected by the after-effects of last year's intense competition in the mobile market
** "Unless competition is better in Q4, we see risk to estimates," New Street Research says
** Elisa reported group revenue broadly in line with estimates, while Q3 EBITDA came in at €204 million ($228.91 million) against an IBES estimate of €212.4 million
** The stock, on track for its worst day in three months, is among weakest performers on STOXX .STOXX
     
($1 = 0.8912 euros)

(Reporting by Agnieszka Olenska)
((Agnieszka.Olenska@thomsonreuters.com;))