Finland's Elisa Q1 profit, revenue miss estimates on lower equipment sales

Elisa Oyj

21/04/2026 06:41

Overview

Finland telecom operator's Q1 revenue declined, missing analyst expectations

Q1 EBITDA, EBIT, and pretax profit all missed analyst expectations

Revenue decline mainly due to lower equipment sales amid challenging economic environment

Outlook

Elisa sees 2026 revenue at or slightly above 2025 levels

Company expects 2026 comparable EBITDA of EUR 815–845 mln

Elisa anticipates 2026 capital expenditure at 12% of revenue

Result Drivers

LOWER EQUIPMENT SALES - Revenue decline mainly driven by lower equipment sales due to challenging economic environment and higher device prices

COST SAVINGS - Reductions in outsourced services and improved procurement efficiency contributed to improved profitability, per CEO Topi Manner

SERVICE REVENUE AND SUBSCRIPTION GROWTH - Telecom service revenue grew slightly, supported by increased fixed broadband and M2M/IoT subscriptions, and lower mobile churn

Company press release: ID:nWkr80cQqb

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
EUR 548 mln
EUR 566.91 mln (10 Analysts)
Q1 EPS
EUR 0.57
Q1 EBIT
Miss
EUR 124 mln
EUR 127.49 mln (7 Analysts)
Q1 EBITDA
Miss
EUR 199 mln
EUR 202.91 mln (10 Analysts)
Q1 Pretax Profit
Miss
EUR 113 mln
EUR 118.35 mln (5 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy", 8 "hold" and 6 "sell" or "strong sell"

The average consensus recommendation for the integrated telecommunications services peer group is "buy."

Wall Street's median 12-month price target for Elisa Oyj is €42.00, about 1.2% above its April 20 closing price of €41.52

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 15 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)