• Q1 2020

    Interim Report January – March

30 April 2020 07:15

Stable results despite the challenging environment

+++ Marginal decline in revenue in line with expectations +++
+++ EBITDA stable on a like-for-like basis +++
+++ Success with bundled offerings and solutions business +++
+++ Fastweb continues to grow across all segments +++
+++ Investments in the network still at a high level +++
+++ Further reductions in the workforce +++
+++ Outlook for entire year remains unchanged +++
+++ Uncertainties surrounding impact of Covid-19 +++



Facts & figures


CEO Urs Schaeppi

Swisscom has generated a solid result in a particularly challenging market environment. As expected, revenue declined slightly due to price factors, but operating income remained almost stable thanks to cost reductions. The continued high level of investment in the network is paying off with unprecedented data volumes seen during the current Covid-19 crisis. However, restrictions in individual cantons pose a threat to the further expansion of the mobile network. Broadband expansion is on track. Successes were achieved with our bundled offerings as well as in the solutions business with corporate customers. There has been continued growth for Fastweb in all segments. The outlook for 2020 remains unchanged. However, there is a great deal of uncertainty surrounding the possible financial impact of Covid-19.

“There are a great many uncertainties in respect of Covid-19 and our financial year will continue to be affected by it.”