Stable 1H results for Swisscom

13 Aug 2004

Swisscom has reported a net revenue of CHF5 billion (EUR3.25 billion) for the first half of 2004, a rise of 0.4% on the same period of 2003. EBITDA stood at CHF2.25 billion at the same date, a drop of 5.6%, while net income fell 20.5% to CHF238 million, which the company attributed to currency losses associated with the sale of German mobile operator debitel on 8 June. It said it expects to end 2004 with a consolidated revenue of CHF10 billion and EBITDA of around CHF4.3 billion.

Swisscom’s Fixnet division reported revenues of CHF2.29 million at 30 June 2004, up 0.2% year-on-year, mainly driven by an increase of ADSL customers; it claimed a total of 656,000 ADSL accesses, up from 317,000 the previous year. The mobile segment posted revenues of CHF1.81 million at the same date, up 4.9% in the year, with the number of customers growing by 223,000 to 3.898 million.

Switzerland, Swisscom