A solid Q2 for Elisa but we maintain our opinion at Reduce: we still believe the group is now too expensive as it is going to see its EBITDA growth slowing in 2020/21. Be cautious, Elisa is at risk of reverting to a no-growth status in the telecom sector in H2 20. According to the outlook given by management, 2020 revenue is estimated to be at the same level or slightly higher than in 2019 and… the same thing for EBITDA.
15 Jul 2020
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Elisa Oyj Class A (ELISA:HEL) | 0 0 0.0%
- Published:
15 Jul 2020 -
Author:
Jean-Michel Salvador -
Pages:
3
A solid Q2 for Elisa but we maintain our opinion at Reduce: we still believe the group is now too expensive as it is going to see its EBITDA growth slowing in 2020/21. Be cautious, Elisa is at risk of reverting to a no-growth status in the telecom sector in H2 20. According to the outlook given by management, 2020 revenue is estimated to be at the same level or slightly higher than in 2019 and… the same thing for EBITDA.