Elisa ELISA.HE
Public, HEL, reports in EUR. Founded 1982.
Theme: Mobile.
Finnish telecom.
2025-08-01 — Dividend stock, avoid taxes
Financials millions, EUR
| Period | Revenue | Growth % | Gross margin % | R&D % | Operating income | Operating margin % | Net income | EPS (diluted) | Rule of 40 | basis |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.5bn EUR | 13.3 % | 68.4 % | – | 553m EUR | 22.3 % | 63m EUR | 2.13 | 35.6 | |
| 2024 | 2.2bn EUR | 0.5 % | 44.5 % | – | 487m EUR | 22.2 % | 358m EUR | 2.23 | 22.7 | |
| 2023 | 2.2bn EUR | 2.4 % | 62.5 % | – | 477m EUR | 21.9 % | 375m EUR | 2.34 | 24.3 | |
| 2022 | 2.1bn EUR | – | 61.5 % | – | 470m EUR | 22.1 % | 374m EUR | 2.33 | – | |
| 2026-Q2 | 551m EUR | -0.3 % | 66.4 % | – | 118m EUR | 21.4 % | 89m EUR | 0.55 | 21.2 | |
| 2026-Q1 | 548m EUR | -1.3 % | 67.5 % | – | 124m EUR | 22.6 % | 91m EUR | 0.57 | 21.3 | |
| 2025-Q4 | 588m EUR | – | 61.8 % | – | 84m EUR | 14.2 % | 59m EUR | 0.36 | – | |
| 2025-Q2 | 552m EUR | – | 67.3 % | – | 122m EUR | 22.1 % | 90m EUR | 0.56 | – | |
| 2025-Q1 | 556m EUR | – | 66.0 % | – | 122m EUR | 21.9 % | 90m EUR | 0.56 | – |
Sources
- 2025: 2025_10-K_Summary_2026-07-10.xlsx
- 2024: 2025_10-K_Summary_2026-07-10.xlsx
- 2023: 2025_10-K_Summary_2026-07-10.xlsx
- 2022: 2025_10-K_Summary_2026-07-10.xlsx
- 2026-Q2: yfinance
- 2026-Q1: yfinance
- 2025-Q4: yfinance
- 2025-Q2: yfinance
- 2025-Q1: yfinance
Latest quarter 2026-Q2, ended 2026-06-30, vs 2025-Q2
| 2026-Q2 | 2025-Q2 | change | |
|---|---|---|---|
| Revenue | 551m EUR | 552m EUR | -1.6m (-0 %) |
| Op. margin | 21.4 % | 22.1 % | -0.6 pts |
| FCF | 71m EUR | 113m EUR | -42m (-37 %) |
| Op. income | 118m EUR | ||
| Net income | 89m EUR | ||
| EPS (diluted) | 0.55 | -1.8 % |
Cash flow millions, EUR
| Period | Cash from operations | Capex | Free cash flow | FCF margin % | CFO / net income % | NOPAT | Unlevered FCF | Levered FCF | Net change in cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | 689m EUR | 279m EUR | 410m EUR | 16.5 % | 1093.0 % | 445m EUR | 509m EUR | 522m EUR | 101m EUR |
| 2024 | 651m EUR | 307m EUR | 344m EUR | 15.7 % | 181.6 % | 388m EUR | 376m EUR | 501m EUR | 27m EUR |
| 2023 | 648m EUR | 305m EUR | 343m EUR | 15.7 % | 172.7 % | 390m EUR | 374m EUR | 349m EUR | -23m EUR |
| 2022 | 592m EUR | 271m EUR | 321m EUR | 15.1 % | 158.2 % | 384m EUR | 349m EUR | 345m EUR | -29m EUR |
NOPAT = op. income × (1 − effective tax rate); UFCF = NOPAT + D&A + ΔNWC − capex; LFCF = FCF + net debt issued.
Quotes
| Price | 37.94 EUR | 2026-09-15 | |
|---|---|---|---|
| Market cap | 6.1bn EUR | 7.0bn USD | 2026-09-15 |
| 52w high | 47.30 EUR | 2026-09-15 | |
| 52w low | 33.70 EUR | 2026-09-15 | |
| Off 52w high % | -19.8 % | ||
| P/S | 2.4 | ||
| Lifetime CAGR | 2.1 % |
Notes
- 2025-08-01 opinion Dividend stock, avoid taxes