Elisa
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Elisa - overview
Location
Helsinki, -, Finland
Primary Industry
Telecoms
About
Elisa is a Finnish telecommunications company providing a wide array of communication and entertainment solutions for both consumers and businesses, including mobile, broadband, and security services. Founded by Erkki Pekkinen and Zahra Safakhah, Elisa operates as a telecommunications provider based in Helsinki, Finland. The company has evolved its strategy to adapt to the changing digital landscape, with a focus on enhancing customer experiences through innovative service offerings. The current CEO is Jani Haapiainen.
Elisa has no publicly noted subsidiaries, nor has it undergone any significant mergers or carve-outs in its history. Elisa provides a comprehensive range of telecommunications and entertainment services spanning both consumer and business markets. Their core offerings include mobile subscriptions, broadband internet solutions, IPTV services, and advanced security products. Among their notable products are Elisa Viihde, a streaming service that offers a variety of content, and Elisa Tietoturva, a security solution designed to protect users’ online activities and data.
The company serves both individual consumers and corporate clients, addressing needs such as connectivity, security, and entertainment. Elisa operates primarily in Finland, with services also available in select international markets, ensuring a wide customer base that includes residential users and businesses looking for reliable telecommunications solutions. In 2022, Elisa reported a revenue of USD 2,244. 07 mn and an EBITDA of USD 772.
65 mn, indicating a robust financial performance underpinned by its diverse revenue streams, including subscriptions, direct-to-consumer sales, and B2B partnerships. Elisa is focused on expanding its service portfolio and entering new markets. The company plans to launch several new products aimed at enhancing user experience and connectivity by 2024. Specific regions targeted for expansion include the Nordic countries and potential entry into select European markets, leveraging recent funding to boost marketing and operational capabilities in these areas.
Primary Industry
Telecoms
Sub Industries
Telecoms Providers & Services, Internet Service Providers
Website
www.elisa.fi
Total Amount Raised
Subscriber access only
Elisa - timeline of key events

Elisa - financials
| Fiscal Year Ended | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 1,547,400,000 | 1,535,200,000 | 1,569,500,000 | 1,635,700,000 | 1,787,400,000 | 1,831,500,000 | 1,843,500,000 | 1,894,600,000 | 1,997,900,000 | - | - | - |
| % Revenue Growth (YoY) | - | (0.8%) | 2.2% | 4.2% | 9.3% | 2.5% | 0.7% | 2.8% | 5.5% | - | - | - |
| EBITDA (USD) | 490,700,000 | 519,700,000 | 532,500,000 | 563,100,000 | 607,700,000 | 640,000,000 | 660,800,000 | 685,200,000 | 697,400,000 | - | - | - |
| Operating Income (USD) | 280,600,000 | 305,000,000 | 312,100,000 | 339,300,000 | 378,000,000 | 403,800,000 | 395,000,000 | 409,000,000 | 430,800,000 | - | - | - |
| Operating Margin | 18.1% | 19.9% | 19.9% | 20.7% | 21.1% | 22.0% | 21.4% | 21.6% | 21.6% | - | - | - |
| % EBITDA Margin | 31.7% | 33.9% | 33.9% | 34.4% | 34.0% | 34.9% | 35.8% | 36.2% | 34.9% | - | - | - |
| NET Income (USD) | 196,300,000 | 222,900,000 | 243,500,000 | 257,400,000 | 336,700,000 | 316,000,000 | 303,100,000 | 328,100,000 | 343,500,000 | - | - | - |
| % Net Margin | 12.7% | 14.5% | 15.5% | 15.7% | 18.8% | 17.3% | 16.4% | 17.3% | 17.2% | - | - | - |
Elisa - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Datawell Oy’s MDM business and CodeServer Operations | - | ||||||||
| Trade Sale | Completed | FCG Datawell Oy | - |
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Elisa - employee data

Elisa - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Member of the Board | BM |
BM Board Member
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