|
|||
2011-07-19 07:30:00 CEST 2011-07-19 07:30:40 CEST REGULATED INFORMATION Elisa - Interim report (Q1 and Q3)ELISA'S INTERIM REPORT JANUARY-JUNE 2011ELISA STOCK EXCHANGE RELEASE 19 JULY 2011 AT 8:30am Second quarter 2011 * Revenue was EUR 378 million (364) * EBITDA was EUR 121 million (119), EBIT EUR 69 million (65) * Profit before tax amounted to EUR 61 million (53) * Earnings per share was EUR 0.29 (0.26) * Cash flow after investments was EUR 59 million (70) * The full year outlook is reiterated * The number of Elisa's mobile subscriptions increased by 92,500 during the quarter * ARPU in the mobile business was at the previous quarter's level EUR 19.3 (19.5 in the previous quarter) * Churn decreased to 11.9 per cent (14.3 in the first quarter) * The number of fixed broadband subscriptions decreased by 3,000 on the previous quarter * Net debt / EBITDA was 1.7 (1.6 at the end of 2010) and gearing 108 per cent (93 at the end of 2010) January - June 2011 * Revenue was EUR 752 million (717) * EBITDA was EUR 239 million (234), EBIT EUR 134 million (126) * Cash flow after investments was EUR 86 million (115) Key indicators: EUR million 4-6/2011 4-6/2010 1-6/2011 1-6/2010 ------------------------------------------------------------------------------- Revenue 378 364 752 717 EBITDA 121 119 239 234 EBIT 69 65 134 126 Profit before tax 61 53 119 63 Profit before tax excl. non-recurring items 61 53 119 107 Earnings per share, EUR 0.29 0.26 0.56 0.31 EPS excl. non-recurring items, EUR 0.29 0.26 0.56 0.52 Capital expenditures 54 47 95 86 ------------------------------------------------------------------------------- 1-6/2011 EBITDA excluding non-recurring items EUR 240m Financial position and cash flow: EUR million 30.6.2011 30.6.2010 31.12.2010 -------------------------------------------------- Net debt 845 752 776 Net debt / EBITDA1) 1.7 1.5 1.6 Gearing ratio, % 108.0 93.2 93.2 Equity ratio, % 40.3 42.0 42.5 -------------------------------------------------- EUR million 4-6/2011 4-6/2010 1-6/2011 1-6/2010 --------------------------------------------------- Cash flow after investments 59 70 86 115 --------------------------------------------------- 1) (interest-bearing debt - financial assets) / (four previous quarters' EBITDA exclusive of non-recurring items) Additional information regarding the Key Performance Indicators is available at www.elisa.com/investors Elisa Operational Data.xls. CEO Veli-Matti Mattila:"Elisa's revenue and profit increased Elisa's revenue continued to develop favorably in the second quarter of 2011. In addition to increased demand for new services, this growth was boosted by equipment sales as well as acquisitions completed in 2010. Earnings before interest and taxes grew more than revenue. The competitive situation remained challenging, but Elisa's market position and competitivenes developed strongly. Our mobile subscription base grew by more than 90,000 users during the second quarter of the year. The number of fixed network broadband subscriptions decreased by a few thousand. The popularity of smartphones has fostered the rapid development of Elisa's 3G network. According to an independent study, Elisa's 3G network has the best coverage and the highest number of base stations in Finland. This enables Elisa and Saunalahti to guarantee their customers trouble-free mobile services across the country. During the second quarter of 2011, Elisa improved the coverage of its 3G network in central Finland, eastern Finland, Ostrobothnia in the west and the Uusimaa region in the south. Elisa's 4G network is already available to corporate customers in southern Finland. We will continue to invest in the development of national 3G and 4G networks. Elisa was the first provider in Finland to introduce the super-fast 250 Mbps broadband subscription. This product is particularly suitable for teleworkers who need to transfer large files, such as graphics and image files. Elisa was the first company in the world to introduce multiparty and multidevice HD video conferencing solutions, which enable users to take part viapractically all possible equipment from videoconference room systems to laptops and other portable 3G devices. This Bringio service has been developed in particular for the dynamic daily collaboration needs of corporate users. Elisa was the first Finnish operator to offer a fixed daily pricing model for data roaming within and outside the European Union. Intended for corporate customers, the Daily Traveller service makes data roaming costs predictable when travelling abroad. Compared with other Finnish operators, Elisa is able to offer superior coverage with the Daily Traveller service because of our cooperation with Vodafone and Telenor. We will continue our determined work to further improve productivity and customer satisfaction. Elisa creates services that improve productivity and provide enhanced user experiences. Combined with our strong investment capability, this creates a solid foundation for the future." Outlook for 2011 Positive trends in the Finnish economy have continued, however there are risks related to nervousness caused by the budget deficits and solvency issues 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-June 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 [HUG#1531837] |
|||
|