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TELIA - Telia AB News Story

SEK36.15 0.5  1.3%

Last Trade - 5:00pm

Sector
Telecoms
Size
Large Cap
Market Cap £12.38bn
Enterprise Value £20.74bn
Revenue £7.51bn
Position in Universe 55th / 1831

UPDATE 1-Finnish telecom Elisa reports rise in Q1 profit

Wed 21st April, 2021 6:59am
(Adds CEO, detail)
    HELSINKI, April 21 (Reuters) - Finnish telecom operator
Elisa  ELISA.HE  posted a 2.4% rise in first-quarter operating
profit on Wednesday and said its full-year core result for 2021
remains on track to match or slightly exceed last year's
earnings.
    Elisa's January-March earnings before interest, tax,
depreciation and amortisation (EBITDA) rose to 170 million euros
($204.5 million) from 166 million a year ago.
    The company saw a 2.9% rise in first-quarter revenue which
came in at 482 million euros compared to 468 million euros the
previous year.
    "Despite increased restrictions and lockdowns due to
COVID-19 and nearly all of Elisa's personnel working remotely,
we achieved a strong result in the first quarter," Chief
Executive Veli-Matti Mattila said in a statement.
    "The 5G market is developing well," Mattila said, adding
that Elisa expects data traffic over its 5G network to exceed
that of 4G by 2023.
    Elisa competes with Sweden's Telia  TELIA.ST  and Norwegian
Telenor's  TEL.OL  DNA for market share in Finland. 
    With growth in mobile data and digital services, the company
said expects its full-year revenue to be slightly higher in 2021
than it was in 2020. 
($1 = 0.8313 euros)

 (Reporting by Essi Lehto, editing by Terje Solsvik)
 ((Essi.Lehto@thomsonreuters.com; +358505412375;))
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