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1st quarter results

3 May 2016, 7.15 a.m. (9 a.m. teleconference)



1st quarter result: interim report January to March 2016

In the first quarter of 2016, Swisscom's net revenue fell by CHF 8 million or 0.3% to CHF 2,885 million. In Swiss core business, despite a growth in customers, the revenue fell by CHF 7 million or 0.4%, attributable to the increasingly competitive market.

Swisscom's operating income before depreciation and amortization (EBITDA) increased by CHF 30 million or 2.9% to CHF 1,081 million. The growth in Swiss core business of CHF 11 million or 1.2% is mainly due to lower costs for customer acquisition and maintenance.

Swisscom's capital expenditure increased by CHF 47 million or 8.6% to CHF 596 million. The expansion of the broadband network in Switzerland saw capital expenditure increase by CHF 37 million or 9.5% to CHF 425 million.


Results

Key figures 1 January to 31 March 2016


 

1.1.-31.3.2015

1.1.-31.3.2016

Change

Net revenue (in CHF million)

2,893

2,885

-0.3%

Operating income before depreciation and amortisation (EBITDA) (in CHF million)

1,051

1,081

2.9%

 

Operating income (EBIT) (in CHF million)

544

535

-1.7%

Net income (in CHF million)

351

364

3.7%

Swisscom TV access lines in Switzerland (in thousands as at 31 March)

1,201

1,367

13.8%

Mobile access lines in Switzerland (in thousands as at 31 March)

6,568

6,615

0.7%

Revenue from bundled contracts (in CHF million)

530

603

13.8%

Fastweb broadband access lines (in thousands as at 31 March)

2,124

2,241

5.5%

Capital expenditure (in CHF million)

549

596

8.6%

Of which capital expenditure in Switzerland (in CHF million)

388

425

9.5%

Group headcount (FTEs as at 31 March)

21,599

21,645

0.2%

Of which in Switzerland (FTEs as at 31 March)

18,776

18,960

1.0%


Press release 3 May 2016, 7:15 a.m

"We are well on track. In view of the difficult market conditions, I am satisfied with our business performance. We have been able to attract a lot of customers with Swisscom TV, broadband connections and Fastweb. The revenue has remained more or less stable and the EBITDA has increased thanks to lower costs," said CEO Urs Schaeppi. "The market is increasingly saturated and it is harder to see growth, such as in mobile telecommunications. The extension of our infrastructure across Switzerland continues to require very high capital expenditure. Business is also going well in Italy: Fastweb has shown growth in terms of revenue, EBITDA and customers."