• Q2 2020

    Interim Report January – June

13 August 2020 07:15

Robust business – EBITDA outlook confirmed

+++ Marginal decline in revenue in line with expectations +++
+++ EBITDA almost stable on a like-for-like basis +++
+++ Success with bundled offerings and solutions business +++
+++ Fastweb growth in revenue, EBITDA and customers +++
+++ Significant network investments +++
+++ Further reductions in the workforce +++
+++ Outlook: Revenue marginally down because of Covid-19 +++



Facts & figures


CEO Urs Schaeppi

In a challenging market environment, Swisscom reported solid half-year results with almost stable operating profit. Although the lockdown did impact revenue from roaming and Swisscom Shops, improved efficiency and success with bundled offerings as well as in the solution business culminated in stable results. Fastweb in Italy experienced continued growth in revenue, EBITDA and customers. Customer satisfaction is developing positively. The significant increase in network use in the wake of Covid-19 underlined the great importance of an extensive, reliable network. Investments in 5G and the fibre-optic expansion remain at a high level. The outlook for EBITDA and investments in 2020 remains unchanged. As a result of the coronavirus crisis, however, we expect revenue for the year as a whole to be marginally down at CHF 11.0 billion.

β€œThe current situation has underlined the great importance of an extensive network.”