• Q3 2020

    Interim Report January to September

29 October 2020 07:15 

Swisscom is on track – operating income remains stable

+++ Group revenue marginally below previous year +++
+++ Earnings before interest, taxes, depreciation and amortisation stable +++
+++ Success with bundled offerings and solutions business +++
+++ Fastweb growth in revenue, EBITDA and customers +++
+++ Continued significant investment in networks +++
+++ Further reductions in the workforce +++
+++ The outlook for 2020 remains unchanged +++



Facts & figures


CEO Urs Schaeppi

Covid-19, intense competition and sustained price pressure certainly impacted sales in the saturated Swiss market. For the most part however, we were able to offset this decline through efficiency improvements. Operating income has therefore remained virtually stable. Customer satisfaction remains high thanks to the extensive network, attractive offers and excellent service. blue, our new overarching entertainment experience, has been well received. In Italy, our subsidiary Fastweb has seen continued growth in revenue, operating income and customers. While our broadband expansion in the wireline network remains on track, expansion of the mobile network is stalling due to restrictions in individual cantons. For the year as a whole, the expected net revenue of CHF 11 billion, EBITDA of 4.3 billion and capital expenditure of 2.3 billion remain unchanged.

“With blue, we now offer TV, streaming, cinema and gaming from a single source.”