Result Q1 2023

4 May 2023, 07:15

Swisscom stays on course for success with a higher operating result

  • Good business performance, strong market position
  • Growth in revenue (adjusted) and EBITDA, stable net income
  • Swiss core business slightly down
  • Business customers: growth in IT services
  • High capital expenditure in infrastructure
  • New CEO for successful subsidiary Fastweb
  • Positive outlook confirmed for 2023: EBITDA 4.6 – 4.7 billion

Key figures

Group Swisscom Switzerland Fastweb

CEO Christoph Aeschlimann

Customer satisfaction is high and the figures are also good in the first quarter of 2023. Although the Swiss core business is declining slightly, revenue from IT services for business customers has shown a positive trend. We have once again won awards for our network as well as our customer service. The Federal Court’s leading ruling on 5G, which now creates legal certainty for further network expansion, is groundbreaking. The new CEO, Walter Renna, will be responsible for the ongoing success of our subsidiary Fastweb in Italy from autumn onwards. We can confirm the positive outlook for 2023: we are still forecasting an EBITDA of CHF 4.6 – 4.7 billion

‘Q1 shows we are on track.’

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