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Elisa Capital Markets Day: continued investment in new services – more than 200,000 users of Elisa Viihde
Published: 22-Oct-2014 11:14 am
Publisher: Elisa Oyj
Elisa Corporation, Press release 22 October 2014
Capital Markets Day is Elisa’s investor and analyst event, being held today in London. During the day Elisa is presenting its business operations, markets and forecasts. Elisa reiterated its competitive profit distribution policy and updated its medium-term goals until the end of 2017. The company is seeking growth through investments in new services; Elisa Viihde is the most popular entertainment service in Finland, with more than 200,000 paying customers.
After a period of strong growth, Elisa Viihde now has more than 200,000 customers. Mobile use of the service in particular has increased significantly. To date, the Elisa Viihde mobile applications have been downloaded more than 450,000 times.
“Now you can enjoy Elisa Viihde anywhere, anytime. Elisa Viihde brings together diverse ways to store and view TV programmes, as well as a top-notch selection of Finnish films and sports with a pleasant and customer-friendly user experience,” says Elisa’s CEO Veli-Matti Mattila.
Elisa Viihde is available to all Finns, regardless of which service provider’s broadband they have for personal use or at home.
At the Capital Markets Day, Elisa reiterated its competitive profit distribution policy. The profit being distributed is 80–100% of the result of the previous financial period.
Elisa also updated its medium-term goals to the end of 2017:
- Elisa is aiming for faster growth than the industry in general
- At the end of 2017, Elisa’s EBITDA percentage will exceed 36%
- Capital expenditure will amount to no more than 12% of turnover
- Goals for capital structure: net liabilities / EBITDA of 1.5 –2× and an equity ratio of <35%
For the Capital Markets Day presentations, go to www.elisa.com/investors. A webcast will be available at the same address by 23 October. The material will also be made available through Elisa’s IR application, downloadable from the App Store and Google Play.
Additional information: Elisa Corporation, Communications, tel. +358 50 305 1605, email@example.com (Twitter: @ElisaOyj)
Elisa is a telecommunications, ICT and online service company serving 2.3 million consumer, corporate and public administration organisation customers. Elisa provides environmentally sustainable services for communication and entertainment, and tools for improving operating methods and productivity of organisations. In Finland Elisa is the market leader in mobile subscriptions and fixed broadband subscriptions. Cooperation with Vodafone and Telenor enables international use of services. Elisa is listed on NASDAQ OMX Helsinki Large Cap with over 200 000 shareholders. Elisa's revenue in 2013 was 1.55 billion euros and it employed 4,200 people. www.elisa.com