Income Statement

Elisa's revenue growth has been sluggish in the last quarter, with a 1% decrease in the second quarter and a 2% decline in the first half of the year. This slowdown can be attributed to seasonality and postponed projects, which have negatively impacted equipment sales and traditional fixed services. However, the company's digital services have shown growth, indicating a shift towards more modern and innovative offerings. Elisa's revenue development is expected to remain cautious in the near term, as the company continues to navigate the challenges of a rapidly changing market. Despite this, Elisa's long-term strategy of investing in digital services and expanding its customer base is likely to drive revenue growth in the future.

The realised revenue for Q2 2026 is 550.8 million Euros, while the predicted revenue for Q2 2027 (e) is 567.9 million Euros. The revenue is expected to increase by 17.1 million Euros, which represents a 3.1% change from Q2 2026 to Q2 2027 (e). The revenue is expected to decrease by 2.2 million Euros from 2025 to 2026, which is a 0.98% decrease. From 2026 to 2027, the revenue is expected to increase by 70.3 million Euros, which is a 31.4% increase. The annual revenue values are 2,257.1 million Euros in 2025, 2,255.3 million Euros in 2026, and 2,325.6 million Euros in 2027.

Elisa's EBIT profitability has demonstrated a mixed trend, with a slight decline in the second quarter of 2026 compared to the previous year, but a modest increase in the first half of 2026. This development can be attributed to the company's efforts to improve operational efficiency, which has led to a reduction in operating expenses. However, the impact of restructuring costs and exceptional impairments on EBIT profitability has been a significant factor, particularly in the second quarter. Elisa's ability to maintain a stable EBIT margin, despite these challenges, is a testament to its operational resilience. Nevertheless, the company's focus on cost optimization and efficiency improvements will be crucial in sustaining its EBIT profitability in the face of ongoing market pressures.

The realised Ebit for Q2 2026 is 118.1 million Euros, while the predicted Ebit for Q2 2027 (e) is 122.7 million Euros. The expected change in Ebit from Q2 2026 to Q2 2027 (e) is 4.6 million Euros, which represents a 3.9% increase. The Ebit is expected to decrease by 1.5 million Euros from 2025 to 2026, which is a 0.3% change. From 2026 to 2027, the Ebit is expected to increase by 14.0 million Euros, which is a 2.8% change. The annual Ebit values are 503.9 million Euros in 2025, 502.4 million Euros in 2026, and 516.4 million Euros in 2027.

The realised profit before tax in Q2 2026 is 110.9 million Euros, while the predicted profit before tax in Q2 2027 (e) is 122.7 million Euros. The expected change in profit before tax from Q2 2026 to Q2 2027 (e) is 11.8 million Euros, which represents a 10.6% increase. The profit before tax is expected to increase by 22.0 million Euros from 2025 to 2026, representing a 4.8% change. From 2026 to 2027, the profit before tax is predicted to increase by 32.7 million Euros, which is a 6.8% change. The annual values for profit before tax are 462.8 million Euros in 2025, 484.7 million Euros in 2026, and 516.4 million Euros in 2027.

The realised profit for Q2 2026 is 89.0 million Euros, while the predicted profit for Q2 2027 (e) is 98.2 million Euros. The expected change in profit from Q2 2026 to Q2 2027 (e) is 9.2 million Euros, which represents a 10.3% increase. The profit is expected to increase by 16.4 million Euros from 2025 to 2026, representing a 4.4% change. From 2026 to 2027, the profit is predicted to rise by 24.5 million Euros, marking a 6.3% increase. The annual profit values for the respective years are 372.2, 388.6, and 413.1 million Euros.