ELMUF - Elisa Oyj (ELMUF) Q4 2023 Earnings Call Transcript
2024-01-26 10:02:02 ET
Elisa Oyj (ELMUF)
Q4 2023 Earnings Conference Call
January 26, 2024 05:00 AM ET
Company Participants
Vesa Sahivirta - Head, Investor Relations
Veli-Matti Mattila - Chief Executive Officer
Jari Kinnunen - Chief Financial Officer
Conference Call Participants
Sami Sarkamies - Danske Bank
Artem Beletski - SEB
Felix Henriksson - Nordea
Kimmo Stenvall - OP Markets
Andrew Lee - Goldman Sachs
Siyi He - Citi
Oscar Rönnkvist - ABG Sundal Collier
Ajay Soni - JPMorgan
Jakob Bluestone - BNP Paribas Exane
Usman Ghazi - Berenberg
Presentation
Vesa Sahivirta
Hello, everyone, and welcome to this very special Q4 2023 Interim Report Analyst Meeting and Conference Call. I'm Vesa Sahivirta, Head of Investor Relations. And this is special because this is the last one of CEO, Veli-Matti Mattila, who has been heading Elisa more than 20 years and this is his 82nd interim report. Amazing, isn’t it?
I'll take an opportunity to go a little bit back to history and show you how we presented our strategy execution and its three focus areas when we started in 2003 with Veli-Matti and this strategy.
Here on the right-hand side, you can see where we are now. Integration of One Elisa meant very much efficiency improvements and getting profitability up. Nowadays, this includes also many quality improvement issues.
Strengthening market position in core markets meant a lot of domestic consolidation and improving our Telco business. Now, it's more like increased mobile and fixed services and as you know, our mobile service revenue growth is best-in-class in Europe.
New markets has had many different kind of phases and nowadays, it's focusing on growing our digital services and software businesses. This very successful strategy execution has generated, on average, 15% total shareholder return annually against industry average of minus 1%.
But now let's move on the Q4 report. CFO, Jari Kinnunen is here as well, and Jari will elaborate more on financials. But let's go to the presentations and Veli-Matti once more. Please go ahead.
Veli-Matti Mattila
Thank you, Vesa for very interesting introductions. So, welcome and we're really glad that we got also a lot of people on site here. We believe on hybrid working, including Elisa also people being physically together. So, it's also good to share now our Q4 results, really having people a lot of on site....
Elisa Oyj (ELMUF) Q4 2023 Earnings Call Transcript