Swisscom reports steady H1
August 19, 2015
In the first half of 2015, Swisscom saw net revenue increased by CHF 58 million (€53.9m) or 1 per cent year-on-year to CHF 5,758 million.
On a like-for-like basis, revenue increased by CHF 105 million or 1.8 per cent for Switzerland’s dominant telco, of which CHF 41 million was attributable to the Swiss business. EBITDA declined by 2.2 per cent or CHF 49 million to CHF 2,133 million. Net income fell by 2.7 per cent to CHF 784 million, with the lower interest expense partially offsetting the lower operating income.
Group-wide capital expenditure increased by CHF 25 million or 2.2 per cent to CHF 1,142 million; in Switzerland, it rose by CHF 73 million or 9.5 per cent to CHF 842 million due to the expansion of broadband networks. As at the end of June 2015, Swisscom had connected more than 2.5 million homes and businesses to ultra-fast broadband with speeds in excess of 50 Mbps. Of this number, around 1.6 million lines were equipped with the latest fibre-optic technology.
“Despite price cuts for roaming services, currency effects and strong competition, we enjoyed a solid and pleasing result in the first half of the year,” said CEO Urs Schaeppi. “On a like-for-like basis, we increased revenue and operating income (EBITDA). We are investing heavily in our network and new offerings, and have gained a large number of new customers, particularly with Swisscom TV and bundled contracts. Fastweb has been performing very well in the Italian market and increased its customer base by more than 8 per cent.”