Page updated 30 January 2026
Outlook and guidance for 2026
The development in the general economy includes many uncertainties. Growth in the Finnish economy has been weak. Competition in the Finnish telecommunications market has been intense.
Full-year revenue is estimated to be at the same level as or slightly higher than in 2025. Full-year comparable EBITDA is anticipated to be EUR 815–845 million. Capital expenditure is expected to be 12 per cent of revenue.
The outlook and guidance assume that the economic and operating environment gradually improves during the year. It further assumes telecom service revenue growth of 1–3 per cent and international software services organic revenue growth over 10 percent. Mobile service revenue is the main driver of telecom service growth.
Medium-term financial targets by the end of 2027
| Revenue growth | 2024–2027 CAGR >4% |
| EBITDA growth | 2024–2027 CAGR >4% |
| CAPEX/Sales | Maximum 12 per cent |
| Net Debt/EBITDA | 1.5 – 2x |
| Equity ratio | > 35 per cent |
Distribution policy
According to Elisa’s distribution policy, profit distribution is 80–100 per cent of the previous fiscal year’s net profit. In addition, any excess capital can be distributed to shareholders. When making the distribution proposal or decision, the Board of Directors will take into consideration the company's financial position, future financial needs and financial targets. Profit distribution includes dividend payment, capital repayment and purchase of treasury shares.