Veli-Matti Mattila

CEO's review Q2 2022

Growth continued in all business areas

 Elisa continued its solid development. Revenue increased by 8 per cent from the previous year to EUR 522 million. Comparable EBITDA improved by 4 per cent to EUR 179 million and comparable earnings per share by 8 per cent to EUR 0.56. Despite geopolitical challenges and increasing uncertainties, all of our businesses have had solid performance.

Our 5G expansion has now reached over 80 per cent of the Finnish population in over 180 municipalities. Together with Nokia and Qualcomm, we achieved another record, setting the fastest 5G uplink speed of 2.1 Gbps in a live demonstration in Finland, enabling ultra-high-performance, low-latency services. In Estonia, we succeeded in the 3.5 GHz band 5G spectrum auction and won the 130 MHz of spectrum that we were targeting. Elisa was first to launch 5G services with the 3.5 GHz frequency. 

The international digital services business continued on its path of growth. In July, Elisa signed an agreement to acquire Cardinality Ltd, a UK-based global supplier of cloud-native data management, service assurance and customer experience analytics. Cardinality’s award-winning platform complements Elisa Polystar solutions, providing a full, network-wide automation solution with cost benefits.

We are focusing on sustainable business in accordance with our mission: a sustainable future through digitalisation. Elisa was noted on the Financial Times ranking of Europe's Climate Leaders for the second consecutive year. We continued our support for Ukrainian people in need with monetary donations and by e.g. providing prepaid subscriptions in Finland and Estonia. We have been an official partner of Helsinki Pride for years together with other telecom operators to promote diversity and inclusion.

We will continue to focus strongly on continuous improvement of the customer experience and quality. Increasing productivity, innovating and expanding our digital services internationally, creating value with data, and our strong investment capability continue to lay a solid foundation for competitively creating value in the future.

Veli-Matti Mattila
CEO