Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €34.28, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 17x in the Telecom industry in Italy. Total loss to shareholders of 22% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €60.48 per share. Aankondiging • Jul 16
Elisa Oyj Provides Earnings Guidance for the Fiscal Year 2026 Elisa Oyj provided guidance for the fiscal year 2026. For the period, Full-year revenue is estimated to be at the same level as or slightly higher than in 2025. Reported Earnings • Jul 16
Second quarter 2026 earnings released: EPS: €0.55 (vs €0.56 in 2Q 2025) Second quarter 2026 results: EPS: €0.55 (down from €0.56 in 2Q 2025). Revenue: €552.3m (flat on 2Q 2025). Net income: €88.9m (down 1.4% from 2Q 2025). Profit margin: 16% (in line with 2Q 2025). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Telecom industry in Italy. Aankondiging • Jul 16
Elisa Oyj Announces Second Dividend, Payable on July 29, 2026 Elisa Oyj on 14 July 2026, the Board decided that the second instalment of the dividend is EUR 0.60 per share and it will be paid to a shareholder registered in the shareholders' register held by Euroclear Finland Oy on the dividend payment record date of 20 July 2026. The dividend will be paid on 29 July 2026. Following this announced distribution, the Board's remaining distribution authorisation is a maximum of EUR 1.20 per share. Upcoming Dividend • Jul 10
Upcoming dividend of €0.60 per share Eligible shareholders must have bought the stock before 17 July 2026. Payment date: 29 July 2026. The company is paying out more than 100% of its profits and is paying out 91% of its cash flow. Trailing yield: 6.6%. Within top quartile of Italian dividend payers (4.6%). Lower than average of industry peers (8.0%). Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €43.62, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Telecom industry in Italy. Total loss to shareholders of 6.5% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €68.16 per share. Aankondiging • Jun 03
Elisa Corporation Announces Nomination Board Changes Elisa Corporation announced that the Shareholders' Nomination Board was established in 2012 by the Annual General Meeting. Its duty is to prepare proposals for the election and remuneration of the members of the board of directors of Elisa for the General Meeting. According to Elisa's shareholder register as of May 31, 2026, the composition of the Shareholders' Nomination Board is as follows: Mr. Petter Söderström, Chief Financial Officer, nominated by Solidium Oy; Mr. Mikko Mursula, CEO, nominated by Ilmarinen Mutual Pension Insurance Company; Mr. Markus Aho, Deputy CEO, Chief Investment Officer, nominated by Varma Mutual Pension Insurance Company; Ms Jonna Ryhänen, Chief Investment Officer, Deputy CEO, nominated by Elo Mutual Pension Insurance Company; Other member: Mr. Christoph Vitzthum, Chair of the Board of Elisa. The Nomination Board shall elect the chair from amongst its members. Board Change • May 21
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Rene Lindell was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 22
Elisa Oyj Provides Earnings Guidance for the Fiscal Year 2026 Elisa Oyj provided earnings guidance for the fiscal year 2026. For the period, Full-year revenue is estimated to be at the same level as or slightly higher than in 2025. Reported Earnings • Apr 21
First quarter 2026 earnings released: EPS: €0.57 (vs €0.56 in 1Q 2025) First quarter 2026 results: EPS: €0.57 (up from €0.56 in 1Q 2025). Revenue: €548.4m (down 1.3% from 1Q 2025). Net income: €91.4m (up 1.6% from 1Q 2025). Profit margin: 17% (in line with 1Q 2025). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Telecom industry in Italy. Aankondiging • Apr 02
Elisa Oyj Announces Dividend in Four Installments, Payable on April 15, 2026, July 29,2026 , November 4, 2026 and February 17, 2027 Respectively Elisa Oyj announced that Annual General Meeting decided to pay a maximum dividend of EUR 2.40 per share based on the adopted balance sheet of 31 December 2025. The dividend will be paid in four instalments as follows. The first instalment of the dividend of EUR 0.60 per share will be paid to a shareholder registered in the shareholders' register of the Company held by Euroclear Finland Oy on the dividend payment record date of the first instalment of 7 April 2026. The first instalment of the dividend will be paid on 15 April 2026. In addition, the AGM authorised the Board of Directors to later decide, at its discretion, on the distribution of a maximum dividend of EUR 1.80 per share in total. The authorisation is valid until the opening of the next AGM. The preliminary dividend schedule indicates that shareholders on record as of 20 July 2026 are expected to receive a payment on 29 July 2026 in the amount of EUR 0.60 per share. A second distribution is planned for shareholders on record as of 26 October 2026, with payment scheduled for 4 November 2026, also at EUR 0.60 per share. Finally, shareholders recorded on 10 February 2027 are expected to receive a payment on 17 February 2027, again amounting to EUR 0.60 per share. Aankondiging • Mar 13
Elisa Industriq Releases Cornerstone Version 8.2 Elisa Industriq released Cornerstone version 8.2 and the release of Cornerstone version 8.2 introduces significant enhancements designed to support professionals in quality engineering, manufacturing, and process improvement with more robust statistical and analytical capabilities. A key focus of the version 8.2 is the new Measurement System Analysis (MSA) functionality. The new release now supports Type 1 gage studies, gage bias and linearity studies, attribute gage studies, and gage R&R analysis, enabling organizations to systematically assess and improve the capability of their measurement systems. In addition, version 8.2 introduces Logistic Regression, allowing users to analyze binary quality outcomes such as pass/fail decisions and defect occurrence. This capability supports deeper root-cause analysis and more data-driven quality improvement initiatives. The release also expands the range of available hypothesis tests, including standard deviation tests, mean rates tests, proportion tests, and frequencies (goodness-of-fit) tests. These tools support statistically sound comparisons of processes, defect rates, and variation. To improve data preparation, Cornerstone 8.2 adds flexible dataset join options, including inner joins, left and right outer joins, and full outer joins. In addition, the new variables editor for derived datasets and summary statistics lets you now get back into the variable selection dialog to edit input variables and subset selection, making the analysis workflow even more flexible and easier to edit. Probability plotting has also been enhanced with support for lognormal, and Weibull distributions, next to Normal distributions, commonly used in capability, reliability, and lifetime analysis. Finally, a new computed column function enables the generation of linearly spaced values for engineering calculations, simulations, and analytical studies. With version 8.2, Cornerstone continues to support organizations in achieving reliable measurements, compliant analyses, and confident quality decisions. Reported Earnings • Mar 09
Full year 2025 earnings released: EPS: €2.13 (vs €2.23 in FY 2024) Full year 2025 results: EPS: €2.13 (down from €2.23 in FY 2024). Revenue: €2.26b (up 3.0% from FY 2024). Net income: €342.0m (down 4.6% from FY 2024). Profit margin: 15% (down from 16% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Telecom industry in Italy. Aankondiging • Feb 10
Elisa Oyj Announces Changes in Corporate Executive Board Elisa Oyj announced that Henri Korpi (52), LLM, has been appointed as Executive Vice President of Consumer Customer business effective from 10 February 2026, and Mikko Soirola (56), MA, as a member of Elisa's Corporate Executive Board from 30 March 2026. The current EVP of Elisa's Consumer Customer business, Vesa-Pekka Nikula, will leave the company's Corporate Executive Board on 10 February 2026 and will end his employment with the company in August 2026. Buy Or Sell Opportunity • Feb 08
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.5% to €37.34. The fair value is estimated to be €48.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 1.8% per annum. Earnings are also forecast to grow by 5.6% per annum over the same time period. Reported Earnings • Feb 04
Full year 2025 earnings released: EPS: €2.13 (vs €2.23 in FY 2024) Full year 2025 results: EPS: €2.13 (down from €2.23 in FY 2024). Revenue: €2.26b (up 3.0% from FY 2024). Net income: €342.0m (down 4.6% from FY 2024). Profit margin: 15% (down from 16% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Telecom industry in Italy. Aankondiging • Jan 08
Elisa Oyj Announces Maher Chebbo Will Not Be Available for Re-Election At 2026 Annual General Meeting Elisa Oyj announced that current member of Board, Mr. Maher Chebbo has announced that he will not be available for re-election in the 2026 Annual General Meeting. Buy Or Sell Opportunity • Dec 23
Now 42% undervalued after recent price drop Over the last 90 days, the stock has fallen 47% to €24.16. The fair value is estimated to be €41.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 2.4% per annum. Earnings are also forecast to grow by 6.7% per annum over the same time period. New Risk • Dec 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 8.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.8% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 103% Cash payout ratio: 98% Minor Risk High level of debt (107% net debt to equity). Reported Earnings • Oct 24
Third quarter 2025 earnings released: EPS: €0.64 (vs €0.63 in 3Q 2024) Third quarter 2025 results: EPS: €0.64 (up from €0.63 in 3Q 2024). Revenue: €560.6m (up 4.6% from 3Q 2024). Net income: €103.2m (up 2.3% from 3Q 2024). Profit margin: 18% (in line with 3Q 2024). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Telecom industry in Italy. Aankondiging • Oct 23
Elisa Oyj Provides Earnings Guidance for the Year 2025 Elisa Oyj provided earnings guidance for the year 2025. Full-year revenue is estimated to be at the same level as or slightly higher than in 2024. Long-term revenue growth and profitability improvement will derive from growth in the mobile data market, as well as domestic digital and international software services. Aankondiging • Sep 24
Elisa Introduces a Feature Allowing Customers to Block Incoming Calls from Foreign Number At the end of August, Elisa introduced a feature allowing customers to block incoming calls from foreign numbers if they are not expecting such calls (link in Finnish), which helps to eliminate scam calls from foreign numbers. Over 10,000 customers have already activated this call blocking, and it is already making scammers' methods less effective. Call blocking does not affect calls made from Finnish numbers, which will continue to work normally even when the user is in a foreign country.riminals areered, as their attempted scam calls to Finland from foreign numbers to Finland are no longer getting through as easily. Elisa's network data shows that customers who enable foreign call blocking may receive as many as 55 call attempts in a short period from a variety of country codes. This behaviour is straight from the scammers' playbook: The majority of unwanted calls from abroad occur on weekdays during office hours, with weekends being quieter. There are also often signs of " campaigns" on some days, thousands of calls are made to Finland, while on other days, there are hardly any. In recent days, the new solution has blocked over 800 unwanted foreign calls per day, on average, with the number rising rapidly as the user base expands. It will be interesting to see how long scammers continue trying to make calls to Finland. Blocking foreign numbers is not something that has happened much in other countries, and scammers have rarely encountered it elsewhere. Finland is once again taking the lead internationally in blocking scam calls. Blocking foreign numbers is one of the features of Elisa's "Liittymaturva" subscriptions and is easy to enable in OmaElisa. The feature is ideal for young people, senior citizens and others who don't generally expect calls from abroad. Calls from Finnish numbers are not affected, so a call from a family member travelling abroad will connect normally if the caller is calling from a Finnish phone number. Aankondiging • Sep 03
Elisa Oyj, Annual General Meeting, Apr 01, 2026 Elisa Oyj, Annual General Meeting, Apr 01, 2026. Aankondiging • May 15
Elisa Corporation Announces CFO Changes Elisa Corporation announced that Mr. Jari Kinnunen, who has served as CFO and a member of the Executive Board since 2005, will leave the company. Kinnunen will continue in his position until October 31, 2025, and work as a senior adviser at Elisa until the end of 2025 to ensure an orderly transition. Mr. Kristian Pullola (1973) and holding an M.Sc. (Econ), has been appointed as the new Chief Financial Officer. Pullola will join Elisa on October 1, 2025, and assume the duties of CFO on November 1, 2025, reporting to CEO Topi Manner. Pullola has previously held CFO roles at Nokia and Finnair, with a proven track record in driving strategy and extensive experience in telecommunications and technology industries, as well as various finance domains such as Planning & Control, Treasury, Investor Relations, and M&A. Aankondiging • Apr 17
Elisa Corporation Provides Earnings Guidance for the Full Year 2025 Elisa Corporation provided earnings guidance for the full year 2025. The company expects double-digit organic revenue growth. Full-year revenue is estimated to be at the same level as or slightly higher than in 2024. Aankondiging • Sep 05
Elisa Oyj, Annual General Meeting, Apr 02, 2025 Elisa Oyj, Annual General Meeting, Apr 02, 2025. Aankondiging • Sep 04
Elisa Oyj to Report Q1, 2025 Results on Apr 17, 2025 Elisa Oyj announced that they will report Q1, 2025 results on Apr 17, 2025 
