Result Q1 2024

2 May 2024, 07:15

Good result in a challenging environment – Fastweb is growing

  • Revenue and EBITDA were slightly lower, net income rose
  • Infrastructure: optical fibre expansion resolutely continuing
  • Business Customers: growth in IT services
  • Fastweb increases revenue, EBITDA and customers
  • Financial outlook for 2024 unchanged

Key figures

Group Swisscom Switzerland Fastweb

CEO Christoph Aeschlimann

Business performance in the first quarter of 2024 meets expectations. Although rising costs such as higher VAT were not passed on, Swisscom’s net income rose. Swisscom is focused on quality and has increased investments in expanding optical fibre and 5G. We inspire customers and regularly win independent comparison tests with our top network and service. We are enjoying steady growth with Business Customers through IT solutions. Fastweb in Italy has grown again and will merge with Vodafone Italia next year. The transaction to acquire Vodafone Italia is on track. The financial outlook for 2024 remains unchanged.

‘Successful start to 2024.’

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