Key Developments: Elisa Oyj (ELMUY.PK)
9.47USD
13 May 2013
$0.13 (+1.43%)
$10.20
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Latest Key Developments (Source: Significant Developments)
Elisa Oyj Reaffirms FY 2013 Guidance
Elisa Oyj announced that for fiscal 2013, it expects revenue, excluding the pending PPO acquisition, is estimated to be at the same level as in the previous year and EBITDA, excluding non-recurring items and the pending PPO acquisition, is anticipated to be at the same level as or slightly below 2012. The Company reported a revenue of EUR1.533 billion, EBITDA of EUR501 million for fiscal 2012. According to I/B/E/S Estimates, analysts on average are expecting the Company to report revenue of EUR1.566 billion, EBITDA of EUR500 million for fiscal 2013. Full Article
Elisa Oyj Proposes FY 2012 Dividend of EUR 1.30 per Share
Elisa Oyj announced that the Board of Directors proposes to the Annual General Meeting that the profit for the financial period 2012 shall be added to accrued earnings and that a dividend of EUR 1.30 per share be paid based on the adopted balance sheet as of December 31, 2012. The dividend will be paid to the shareholders registered in the Register of Shareholders held by Euroclear Finland Ltd on the dividend payment record date March 28, 2013. The Board of Directors proposes that the dividend be paid on April 9, 2013. For fiscal year 2011, the Company also paid a dividend of EUR 1.30 per share. Full Article
Elisa Oyj Issues FY 2013 Guidance Below Analysts' Estimates; Issues H1 2013 Guidance In Line With Analysts' Estimates
Elisa Oyj announced that for fiscal 2013, it expects revenue excluding the pending PPO acquisition to be at the same level as in fiscal 2012. Mobile communications, ICT and new online services are expected to increase revenue and EBITDA, excluding non-recurring items and the pending PPO acquisition, to be at the same level as in fiscal 2012. For first half of 2013, EBITDA is expected to be slightly below the corresponding level of the fiscal 2012. The Company reported a revenue of EUR1.533 billion, EBITDA of EUR501 million for fiscal 2012 and EBITDA of EUR121 million for first and second quarter of 2012. According to I/B/E/S Estimates, analysts on average are expecting the Company to report revenue of EUR1.596 billion, EBITDA of EUR517 million for fiscal 2013; EBITDA of EUR117million for first quarter of 2013; EBITDA of EUR121 million for second quarter of 2013. Full Article
Elisa Oyj Announces Jippii Trial Verdict with No Sanctions to Company
Elisa Oyj announced that The Court of Appeal of Helsinki has rendered its verdict in the proceedings concerning the stock exchange disclosures of the Jippii Group in 2001. The prosecutor demanded a corporate fine of EUR 800,000 and a forfeiture of approximately EUR 215,000 for Saunalahti Group Oyj. Saunalahti Group Oyj has merged into Elisa Corporation on 2011. In its verdict the Court of Appeal rendered no corporate fine or forfeiture to Elisa Corporation. Full Article
Elisa Oyj Acquires Domestic Fixed Network Operator PPO’s Business
Elisa Oyj announced that Elisa and Osuuskunta PPO have signed an agreement in which Elisa acquires fixed network operator PPO's telecom and IT (information technology) businesses. The acquisition includes PPO's ownerships in fixed network operators Kymen Puhelin Oy and Telekarelia Oy. The acquisition price is approximately EUR 101 million, of which EUR 96 million in cash and EUR 5 million in Elisa shares (approximately 300,000 shares or 0.2% of Elisa's share capital). The acquisition price includes 100% of PPO-Yhtiot Oy's, 46% of Kymen Puhelin Oy's and 67% of Telekarelia Oy's share capital. The transaction has no impact on Elisa's dividend payment capabilities. The transaction is subject to the approval of the Finnish Competition Authorities and normal condition precedents. Elisa estimates to close the transaction during the first quarter 2013. Full Article
Elisa Oyj Maintains FY 2012 Guidance
Elisa Oyj announced that it still expects to report revenue and EBITDA, excluding non-recurring items, for the fiscal year 2012 at the same level as for the fiscal year 2011. The Company also expects its EBIT in the fiscal year 2012 to improve compared to the fiscal year 2011. For the fiscal year 2011, the Company reported revenue of EUR 1,530.00 million, EBITDA of EUR 506.20 million and EBIT of EUR 294.80 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report revenue of EUR 1,558.70 million, EBITDA of EUR 511.37 million and EBIT of EUR 305.62 million for the fiscal year 2012. Full Article
Elisa Oyj Updates on EUR 138,300,000 2014 Bonds Issued in 2007
Elisa Oyj announced that the tender offer for the Company's Eurobond announced on September 24, 2012 is confirmed. Elisa Oyj will exchange the 2014 bonds issued in 2007 with a nominal value EUR 138,300,000 to new bonds maturing in 2019. The transaction was priced at interpolated reference rate plus 10 basis points and yields 0.698% which equals a price of 105.687%. The settlement date will be October 2, 2012. The tender offer was made through Deutsche Bank AG, London Branch. Full Article
Elisa Oyj Announces Further Details on EUR 300 Million Bond-Reuters
Reuters reported that Elisa Oyj has priced a EUR 300 million bond. The maturity date is October 4, 2019. The coupon is 2.25%. The issue price is 99.025. The spread is 105 basis points. The payment date is October 4, 2012. Deutsche Bank, Danske Bank and Nordea bank act as lead managers. Full Article
Elisa Oyj Issues EUR 300 Million Seven-Year Eurobond
Elisa Oyj announced that the Company is to issue a seven-year Eurobond under its EUR 1 billion EMTN (Euro Medium Term Note) program. The size of the new seven-year bond issue is expected to be EUR 300 million. The Mandated Lead Managers for the bond issue are Deutsche Bank AG, London Branch, Danske Bank A/S and Nordea Bank Danmark A/S. The Company has also announced that Deutsche Bank AG, London Branch (Offeror), under agreement with the Company, has invited holders of the Company's existing notes maturing in 2014 to offer to sell their notes for cash. The Offeror proposes to accept for purchase up to EUR 150 million in aggregate nominal amount of the notes at a purchase price equal to the interpolated reference rate plus 10 basis points. Whether the Offeror will accept for purchase any notes validly tendered is subject to, without limitation the issue of the Company's new seven-year bonds. The tender offer expires on September 28, 2012 at and is being made on the terms and subject to the conditions set out in the Tender Offer Memorandum dated September 24, 2012. The proceeds from the issue of the new seven-year bonds will be used for general corporate purposes, including financing tender offer of the bond maturing 2014. Full Article
Kesko Oyj and Elisa Oyj to Intensify Cooperation in Telecommunications and ICT Services
Elisa Oyj announced that Kesko Oyj will concentrate its telecommunications and ICT (Information and Communications Technology) services in Finland, Sweden, Norway, Estonia, Latvia, Lithuania and Russia to one service operator. The three-year agreement covers data communications, mobile, voice and switching services, as well as video conference solutions for Kesko offices. Intensified cooperation enables Kesko Oyj to improve business efficiency, with the aim at a higher level of service. The goal is to the improvement the accessibility of employees, the reliability of operations and reducing time on business travel. Full Article
RESEARCH ALERT-Elisa: Nordea upgrades to buy, raises target to EUR 15
HELSINKI, April 22 - Elisa Oyj : * Nordea upgrades to "buy" from "sell" and raises its target price to EUR 15 from EUR 14 (Reporting by Helsinki Newsroom)
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