CEO's review

CEO Veli-Matti Mattila:
Excellent demand for Elisa’s Premium subscriptions with unlimited data use in the Nordic and Baltic* countries

(From Q3 2017 Interim Report)

Revenue and earnings grew again in the third quarter of the year. The earnings growth was due to an increase in mobile revenue, an improvement in the productivity of Elisa’s operations, and recent acquisitions. The continuous improvement of quality and operations strengthened Elisa’s competitiveness.

Smartphones and fast mobile data connections are an important part of the day-to-day life of consumers, corporate customers and organisations, and their popularity continues to grow. Elisa’s network carries the most mobile data in Finland and the fourth most mobile data in Europe. Demand for the unique Premium subscriptions has been strong, and they have brought a new source of revenue growth to mobile services. The mobile subscription base increased by 9,600 subscriptions during the quarter, while the level of the fixed network broadband subscription base remained unchanged.

We updated the Elisa Turvapaketti aimed at consumers. Among other features, the service improves the ways in which parents can monitor their children’s internet use. It also locates lost phones. We have increased our entertainment selection for consumers. Elisa Viihde will soon include three new original series: the international Bullets and the domestic Kolmistaan and Jättekiva. In addition, the original series Konttori went into its second season.  

We started cooperation with VTT Technical Research Centre of Finland with the aim of helping small and medium-sized companies digitalise their operations and take advantage of the solutions offered by the Internet of Things. The goal is to develop the production processes, products and new business operations of manufacturing industry, in particular. The third Elisa Innovation Challenge has progressed to its final phase. This competition searches for successful innovations in the fields of IoT, industrial solutions and smart homes. The winner will be announced at the next Slush event.

We will be the first operator to introduce 5G readiness to the mobile network in Finland. The network’s construction has begun in Tampere, which is the first city in which the new network will be implemented on such a large scale. Once complete, the new network will provide the area with faster and more reliable internet connections.

We are encouraging an increase in interaction between parents and teenagers with our “Pidetään yhtä” ("Stay Together") project. As part of the project, Elisa employees will participate in voluntary work by being present in the everyday lives of young people. Our digital schools have already attracted more than a thousand children, and we will continue to implement them in ten primary schools across Finland.

We will continue our determined work to improve both customer satisfaction and our efficiency. Improving our productivity, developing new services for our customers, and maintaining our strong investment capability will create a solid foundation for competitive operations in the future as well.

*Finland, Sweden, Denmark, Norway, Estonia, Latvia and Lithuania