The Q4 release confirmed that, organically, Elisa is indeed a no-growth story in terms of revenue while its efficiency programmes and the good integration of acquisitions allowed a good increase in its EBITDA throughout 2019. We still believe the group is now too expensive as it is going to see its EBITDA growth slowing in 2020. We maintain our opinion on the stock at reduce
30 Jan 2020
The most expensive telco
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The most expensive telco
Elisa Oyj Class A (ELISA:HEL) | 0 0 0.0%
- Published:
30 Jan 2020 -
Author:
Jean-Michel Salvador -
Pages:
2
The Q4 release confirmed that, organically, Elisa is indeed a no-growth story in terms of revenue while its efficiency programmes and the good integration of acquisitions allowed a good increase in its EBITDA throughout 2019. We still believe the group is now too expensive as it is going to see its EBITDA growth slowing in 2020. We maintain our opinion on the stock at reduce