Result Q3 2023

2 November 2023, 07:15

Swisscom in an excellent market position

  • Revenue stable, EBITDA and net income increase
  • Substantial investment in mobile communications and fixed networks
  • Residential Customers: successful blue subscriptions and new TV-Box 5
  • Business Customers: growth in IT services
  • Fastweb increases customer base and achieves revenue and EBITDA growth
  • Outlook for 2023: slightly lower revenue forecast, no change to EBITDA and capital expenditure

Key figures

Group Swisscom Switzerland Fastweb

CEO Christoph Aeschlimann

25 years after its IPO, Swisscom is in an excellent position. We have enjoyed financial success in the third quarter with higher operating income. Customer satisfaction remains high. Thanks to our popular blue subscriptions, revenue remains stable among Residential Customers. The new TV-Box 5 is now even smaller and more energy-efficient. Network expansion continues apace for both 5G and fibre optic. The Swisscom fixed network has been named the connect winner for the third time. We are enjoying steady growth with Business Customers through IT services, while Fastweb in Italy continues to grow. Due to the strong Swiss franc and lower hardware sales, we are adjusting our revenue forecast slightly. The outlook remains unchanged with EBITDA and investments.

‘We are going strong.’

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