Elisa shares drop on soft revenue figures By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 18 2024
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Source: Investing.com
Financial Performance: Elisa Oyj reported a 1.6% decline in revenue for Q3 2024, totaling €536 million, primarily due to lower equipment sales and traditional telecom service usage, despite a 4.8% increase in mobile service revenue.
Market Outlook: The company faces ongoing economic uncertainties and intense competition in the Finnish telecom market, leading to a cautious outlook for future revenue, with potential downside risks noted by analysts.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
