Elisa in 2005

• Elisa revised its structure during the year. As of 1 January 2006, the company?s core business in Finland will comprise four units: Consumer and Small Enterprise Customers, Business Customers, Production and Support Services.
• Elisa sold Yomi Software Ltd and Estera Ltd as non-core businesses during the year. The company also sold majority of its Comptel Corporation shares, reducing its holding to 19.9 per cent. Comptel is no longer an Elisa subsidiary or associated company.
• Elisa sold Kiinteistö Oy Espoon Keilasatama 5, which was formerly used by Radiolinja, to Local Government Pensions Institution. Kapiteeli Plc also purchased some of Elisa?s properties in Tampere and Helsinki.
• The last major step in the process aimed at streamlining the corporate structure was the merger of Elisa Matkapuhelinpalvelut Oy (previously known as Oy Radiolinja Ab) with Elisa on 31 December 2005.
• Elisa acquired 100 per cent of the shares in Tikka Communications Oy and 97 per cent of Saunalahti Group Oyj shares. Elisa has decided to retain the active and agile Saunalahti brand and develop it further.
• As of 1 July 2005, Elisa transferred its personnel?s statutory pension coverage to Varma Mutual Pension Insurance Company and supplementary pensions to Sampo Life Insurance Company Limited.
• Elisa and IBM signed an agreement on the concentration of Elisa?s application management services to IBM.
• Nokia, TietoEnator, TeliaSonera, Elisa, Finnet and YLE (The Finnish Broadcasting Company) established the Dimes Association (Digital Media Service Innovations – Finland), whose aim is to promote the commercialisation of Finnish technology expertise into services and successful business.

Key indicators

EUR million		2005	2004
Revenue		1,337	1,356
EBITDA		446	455
EBIT		233	242
Profit before tax		212	213
Net result		178	159
Earnings per share, EUR		1.22	1.10
Research and product development		8	17
Investments in shares		415	61
Capital expenditures		204	182
Equity ratio, %		62	49
Gearing, %		22	51
Employees, 31 Dec		4,681	5,376