Elisa Oyj
Elisa is a Finnish telecommunications company that provides a wide range of digital services and solutions. It operates primarily in Finland and Estonia, offering mobile and fixed network services to both consumer and business customers. Elisa is also expanding its international software services under the brand Elisa Industriq, focusing on AI-based solutions for industries like telecommunications and manufacturing. The company is known for its strong emphasis on digital security and innovation, including the deployment of advanced fiber networks and 5G technology.
Fiscal year 2025 · change from previous year
Development 2021–2025
Business
Share of revenueIncludes mobile network services for consumers and businesses.
Comprises fixed broadband and telephony services.
AI-based software solutions for global industries.
Customers
Elisa serves a diverse customer base, including individual consumers and businesses across various sectors. In Finland, it is a trusted partner for digitalization among local enterprises, providing essential IT and cybersecurity services. The company also caters to international clients through its software services, offering solutions that enhance operational efficiency. Consumers benefit from Elisa's mobile and fixed network services, as well as digital security and entertainment offerings. The company's focus on innovation and customer satisfaction drives its engagement with both existing and new customer segments.
Mobile and broadband services for individuals in Finland and Estonia.
IT and cybersecurity services for Finnish enterprises.
AI-based solutions for global industries.
Strategy
Elisa's strategic priorities include expanding its fiber network and 5G capabilities to enhance connectivity in Finland. The company is also focused on growing its international software services, targeting double-digit organic revenue growth. Elisa aims to maintain its leadership in digital security by continuously innovating its product offerings. The company's strategy involves forming strategic partnerships to accelerate infrastructure development and exploring new markets for its software solutions. These initiatives are designed to support sustainable growth and improve operational efficiency.
To enhance connectivity and service quality in Finland.
To achieve double-digit organic revenue growth.
To meet growing demand for secure digital services.
Geography
Elisa's primary market is Finland, where it generates the majority of its revenue. The company also has a significant presence in Estonia and is expanding its international reach through its software services. The geographical distribution of its operations allows Elisa to leverage local market expertise while exploring growth opportunities abroad. The company's strategic investments in fiber networks and 5G technology are primarily focused on enhancing infrastructure within Finland. Elisa's international operations are supported by its software services, which cater to clients across Europe and beyond.
Risks
Elisa faces several risks, including rapid technological changes in the telecommunications industry that could impact its operations. Geopolitical instability and changes in state relations pose risks to its network operations and equipment. The saturated mobile market in Finland limits growth opportunities, while international expansion introduces additional risks. Regulatory changes and tax disputes in its operating regions could also have financial implications. Additionally, global supply chain disruptions and cybersecurity threats present ongoing challenges.
- Technological ChangesImpact: HighLikelihood: Medium
Rapid evolution in telecom technology could impact service offerings.
- Market SaturationImpact: HighLikelihood: Medium
Limited growth potential in Finnish mobile market.
- Cybersecurity ThreatsImpact: HighLikelihood: Medium
Potential disruptions from cyber attacks.
- Geopolitical InstabilityImpact: MediumLikelihood: High
State relations changes could restrict network equipment use.
- Regulatory ChangesImpact: MediumLikelihood: High
New regulations could affect pricing and require investments.
Accounting
Judgemental itemsIFRS 15 impacts timing and method of revenue reporting.
Impact: high
Quarterly fluctuations affect comparability.
Impact: medium
Acquisitions in software segment increase risk.
Impact: high
IFRS 16 affects balance sheet presentation.
Impact: medium
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Last updated: 24/09/2026