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