Finish ICT company and telecom Elisa published ite interim report for January–March 2016 period. Fist quarter revenue amounted to EUR 390 million (EUR 381 in the same quarter last year).
Article continues below
]
EBITDA was EUR 137 million (129), and EBIT was EUR 84 million (76). Profit before taxes amounted to EUR 77 million (71). Earnings per share were EUR 0.39 (0.37). Cash flow after investments was EUR 64 million (68).
CEO Veli-Matti Mattila said: "Elisa's revenue and earnings grew again with strengthening of its competitiveness, even though the general economic situation continued to be challenging.
Earnings improved, in particular, as a result of the growth of mobile service revenue compared with last year and the improved profitability of Elisa's operational activities.
"The active use of smartphones and apps has inspired a shift among both consumers and corporate customers and organisations towards becoming users of fast mobile broadband subscriptions.
"The number of mobile subscriptions decreased by 16,000 during the quarter and fixed-network subscriptions by 5,300.
"The unlimited data pricing model, popular video services, and investments in the expansion of the 4G network have taken Finland to the top of the world in the use of mobile data.
"Elisa’s mobile network sees the largest amounts of data being transferred in Finland; smartphone users get through on average of seven gigabytes a month. We are investing in better user experience for our customers, and we are the first in Finland to pilot maximum speeds of 450 Mbit/s in our commercial network.
"In addition to mobile and fixed communication services, we have invested in services that bring added value to our consumer customers.
"Fanseat has become a popular sports entertainment service that brings important sports series and events for viewing to our customers both in Finland and abroad. Fanseat can be viewed in Finland as part of Elisa Viihde, and through other operator networks and mobile apps in Finland and abroad." ■