Elisa Reports Q2

Revenue was EUR 364 million (355)

EBITDA was EUR 119 million (116), EBIT EUR 65 million (64)

Profit before tax amounted to EUR 53 million (56)

Earnings per share was EUR 0.26 (0.27)

Cash flow after investments was EUR 70 million (89)

The full year outlook is reiterated

Revenue per subscription (ARPU) in the mobile business increased slightly to EUR 22.4 (22.0 in the first quarter)

Churn was 15.9 per cent (15.4 in the first quarter)

The number of Elisa’s mobile subscriptions increased by 118,000 during the quarter, due, in particular, to the new 3G and 2G customers, as well as mobile broadband

The number of fixed broadband subscriptions decreased by 200 during the previous quarter

Net debt / EBITDA was 1.5 (1.5 at the end of 2009) and gearing 93 per cent (80 at the end of 2009)

CEO Veli-Matti Mattila said: "Elisa's revenue developed favourably during the second quarter. In the Consumer Customer business, growth was mainly due to demand for new services and increased mobile business. Decline in Corporate Customer business revenue ended, which is a clear change compared to the previous quarters. EBITDA and cash flow were strong."

Elisa Corp.