Finland's Elisa slightly misses Q3 revenue estimates, maintains 2026 capex forecast

Overview

• Finland telecom provider's Q3 revenue flat yr/yr, slightly missed analyst expectations

• Q3 EBIT and EBITDA both missed analyst estimates

• Company cites intensified mobile competition and PSTN shutdown as factors weighing on results

Outlook

• Elisa expects 2026 revenue at or slightly above 2025 levels

• Company anticipates 2026 comparable EBITDA of EUR 815–845 mln

• Capital expenditure for 2026 expected at 12% of revenue, guidance unchanged

Result Drivers

• INTENSIFIED COMPETITION - Co said mobile business recovery continued at a more moderate pace due to slightly intensified competition

• PSTN SHUTDOWN - Co said discontinuation of Public Switched Telephone Network had approx EUR 2 mln negative impact on EBITDA and revenue

• FIXED BROADBAND GROWTH - Co said fixed service revenue grew 2% and fiber base expanded by 20,400 new subscriptions

Company press release:

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy", 9 "hold" and 5 "sell" or "strong sell"

• The average consensus recommendation for the integrated telecommunications services peer group is "buy."

• Wall Street's median 12-month price target for Elisa Oyj is €39.00, about 9.2% above its October 20 closing price of €35.72

• The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 15 three months ago

Reuters Recommended Reads

• Oct 20 - Austria's EuroTeleSites Q3 revenue rises, boosted by new tenants, towers

• Oct 20 - Sweden's Tele2 Q3 sales rise on service revenue growth, cuts guidance

• Oct 19 - East European states want more EU fund flexibility to support industry as energy prices rise

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)