Swisscom “solid 2018”
February 7, 2019
At CHF 11,714 million, Swisscom’s group revenue for the FY 2018 was stable at the prior-year level (+0.4 per cent). In its saturated Swiss core business, Switzerland’s major telco generated revenue of CHF 8,817 million (–2.7 per cent). The CHF 242 million decline in revenue from telecommunications services can be largely attributed to persistent price pressure in various segments and to the downward trend in fixed-line telephony. Business in Italy developed positively – Fastweb reported revenue growth of €160 million
“Swisscom achieved its targets and once again turned in a solid performance in a challenging market environment. Demand for our inOne bundled offering continues unabated,” said CEO Urs Schaeppi. He added: “We were one of the first providers worldwide to present a 5G smartphone prototype under real conditions on our 5G network and to further develop our TV offering. In the business customers segment, we have a strong position as a full-service provider and are pleased with the growing demand for cloud and security solutions. The progress made with 5G and the fact that we once again took first place in the “connect” network test show that our high capital expenditure in network infrastructure is paying off. The biggest challenges in 2019 will remain market saturation, increasingly fierce competition and high price pressure. In the current year, we aim to further consolidate our market position with attractive offers such as inOne mobile go with integrated roaming in the EU. The quality of our networks and our customer service remain important cornerstones of our success. In addition to this, we are driving forward our company’s transformation and rigorously continuing to pursue our cost targets.”