ELISA
| Firma : | Elisa | Kategorie : | Andere |
| ISIN : | FI0009007884 | Verbreiter : | Thomson Reuters ONE |
| Dokumententyp : | Periodische Information / Information 1. Quartal | ||
| Veröffentlichungsdatum : | 4/20/2011 7:31:00 AM |
ELISA'S INTERIM REPORT JANUARY-MARCH 2011
ELISA STOCK EXCHANGE RELEASE 20 APRIL 2011 AT 8:30am
Revenue was EUR 374 million (353)
EBITDA was EUR 118 million (116), EBIT EUR 65 million (61)
EBITDA excluding one-off items was EUR 119 million
EBITDA margin was 31 per cent (33)
Profit before tax amounted to EUR 58 million (10)
Earnings per share was EUR 0.27 (0.05)
Cash flow after investments was EUR 27 million (45)
The number of Elisa's mobile subscriptions increased by 101,300 during the quarter
ARPU in the mobile business decreased to EUR 19.5 (20.7 in previous quarter) due to lower Mobile Termination Rate and strong subscription growth
Mobile churn decreased to 14.3 per cent (15.0 in previous quarter)
The number of fixed broadband subscriptions increased by 10,400 on the previous quarter
Net debt / EBITDA was 1.5 (1.6 at the end of 2010) and gearing 102.0 per cent (93.2 at the end of 2010)
Key indicators:
| EUR million | 1-3/2011 | 1-3/2010 | 2010 |
| Revenue | 374 | 353 | 1,463 |
| EBITDA | 118 | 116 | 485 |
| EBITDA excluding one-off items 1) | 119 | 116 | 485 |
| EBIT | 65 | 61 | 268 |
| Profit before tax | 58 | 10 | 197 |
| Profit before tax excl. one-off items | 59 | 54 | 237 |
| Earnings per share, EUR | 0.27 | 0.05 | 0.96 |
| Earnings per share excl. one-off items, EUR | 0.28 | 0.26 | 1.15 |
| Capital expenditures | 41 | 39 | 184 |
1) Settlement of Estonian interconnection fee dispute of EUR 1 million
Financial position and cash flow:
| EUR million | 31.3.2011 | 31.3.2010 | 31.12.2010 |
| Net debt | 752 | 817 | 776 |
| Net debt / EBITDA 1) | 1.5 | 1.7 | 1.6 |
| Gearing ratio, % | 102.0 | 106.5 | 93.2 |
| Equity ratio, % | 37.6 | 39.9 | 42.5 |
| EUR million | 1-3/2011 | 1-3/2010 | 2010 |
| Cash flow after investments | 27 | 45 | 172 |
1) (interest-bearing debt - financial assets) / (four previous quarters' EBITDA exclusive of non-recurring items)
Additional information regarding the Key Performance Indicators is available on www.elisa.com/investors Elisa Operational Data.xls.
CEO Veli-Matti Mattila:
"Strong growth in smartphone sales
Elisa's revenue developed well in the first quarter of the year. Growth was influenced by the strong mobile business, the good demand for new services, increased equipment sales, and last year's acquisitions.
The competitive situation remained challenging. Elisa's market position and competitiveness was strong. Our mobile subscription base grew by more than 100,000 during the first quarter. The number of fixed broadband subscriptions continued to grow, with an increase of over 10,000.
Elisa launched the most comprehensive Finnish e-book selection as part of the Elisa Kirja service. It includes the e-books and audio books of all of the most significant Finnish publishers. The service may be used with tablets, smart phones, electronic readers, and computers. The Elisa Viihde service was developed further. Elisa entered into an exclusive contract with the Nordic film distributor Nordisk Film, through which domestic films will be introduced with exclusive rights into the service's comprehensive range. The popularity of smart phones continued to be strong, and Elisa introduced new models to the market. The share of smartphones out of total phones sold rose to 50 per cent.
In order to increase the productivity of its corporate customers, Elisa introduced digital signage solutions. Through them, companies can enhance the efficiency of customer service, facilitate the purchase of products and services, and offer up-to-date information. It is also possible to incorporate a video conference connection with these solutions.
Elisa was the first telecommunication and ICT service company to publish the emissions savings of its services. Solutions that improve energy efficiency and reduce travelling, cloud services and technological development all play a key role. With cloud services customer can typically reduce energy consumption more than 90 per cent.
Elisa expanded the coverage of the 3G network in South Karelia and Savo, in Eastern Finland. The network is continuously developed on the basis of information obtained from customers and research. Our aim is that Elisa's 3G network coverage will match that of the current GSM network within the next few years. Elisa was the first in Finland to grant mobile ID certificates. A mobile ID certificate is a form of electronic identification for online services. The insurance company If was the first firm in its sector to deploy the certificate to its customers.
The pace of development in the smartphone and tablet markets has accelerated. We will determinedly continue to improve customer satisfaction and productivity. Offering exciting and productivity enhancing services to customers combined with our strong investment capability create a good basis for the future."
Outlook for 2011
Positive trends in the general economy have continued. Risks are related to nervousness caused by the budget deficits in several European countries and their possible impacts on the general economic development. Competition in the Finnish telecommunications market remains challenging.
Full year revenue is estimated to increase slightly from the previous year. The use of mobile communications, especially mobile broadband services and equipment sales, is continuing to rise. In addition, ICT and new online services' revenue will grow. Full year EBITDA, excluding non-recurring items, is expected to improve slightly from the last year. Full-year capital expenditure is expected to be maximum 12 per cent of revenue.
In addition to its strong position as a network service provider, Elisa is transforming itself to be able to provide its customers with exciting and relevant new services. Among the factors contributing to long-term growth and profitability improvement is 3G market growth, as well as new online and ICT services. Elisa continues determinedly to employ its efficiency measures. Elisa's financial position and liquidity are good.
New disclosure procedure
Elisa is now adopting the new disclosure procedure enabled by the Standard 5.2b published by the Finnish Financial Supervision Authority. This is a summary of Elisa's Interim Report for January-March 2011 and the complete report is attached as a pdf-file to this release and is also available on our website at www.elisa.com/investors.
ELISA CORPORATION
Additional information:
Mr. Veli-Matti Mattila, CEO, tel. +358 10 262 2635
Mr. Jari Kinnunen, CFO, tel. +358 10 262 9510
Mr. Vesa Sahivirta, IR Director, tel. +358 10 262 3036
Distribution:
NASDAQ OMX Helsinki
Principal media
www.elisa.com
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Elisa Oyj via Thomson Reuters ONE
