In the second quarter, Elisa continued its good performance despite geopolitical and macroeconomic headwinds. Revenue increased by 2 per cent to EUR 541 million. EBITDA improved by 4 per cent to EUR 190 million, driven by mobile service revenue, efficiency improvements and improving momentum in the B2B segment where corporate investments in connectivity, software and IT services are starting to pick up. Earnings per share was EUR 0.57. 

During the second quarter, we continued to expand the coverage of our high-speed connections and services. Elisa’s standalone 5G network services make us a frontrunner in the international arena, and also during the second quarter, we introduced 5G+ (i.e. standalone 5G) to all of our new subscriptions, which differentiates us further from our competitors.

Since June, we have been building our fibre network utilising new technology (XGS-PON), taking energy-efficient steps towards 100 Gbps connections. At the beginning of July, we announced the acquisition of fibre networks in the eastern and northeastern parts of Finland from Kaisanet.

We continued to grow with bolt-on acquisitions in accordance with our strategy. The acquisition of Leanware Oy, announced in April, was closed and accelerates the growth of Elisa IndustrIQ’s industrial software business.  

Elisa’s Distributed Energy Storage (DES) solution has been deployed by Ålcom, a telco from the Åland Islands, to utilise energy from solar panels in mobile network operations. This is the first time that solar energy production has been added to an Elisa DES deployment. 

Elisa is now the world’s 66th most sustainable company and the best Finnish company on the ranking of the World's Most Sustainable Companies in 2024 by Time Magazine and Statista. Elisa continues to receive global recognition in this area, an indication that we have emerged as one of the world's leading companies from the sustainability point of view. It is also testament to Elisa’s 15 years of commitment to working toward a sustainable future where net zero emissions by 2040 is our key target. 

Our performance during the quarter clearly demonstrates our strong commitment to profitable growth, creating customer value by being a technology frontrunner as well as continuously improving productivity and quality.