Orange Switzerland reverses net losses, plans rebrand as Xavier Niel takes the wheel

31 Mar 2015

Orange Switzerland has booked net profits of CHF15.53 million (USD16.10 million) for the twelve month period ended 31 December 2014, reversing net losses of CHF58.31 million reported in 2013. Improvements in the cellco’s subscriber base, combined with growth in handset and device sales saw total revenue expand 1.9% year-on-year to CHF1.32 billion, whilst cost control measures bolstered EBITDA, which grew 9.6% to CHF377.6 million. In terms of subscribers, Orange registered a net increase of 0.9%, counting 2.166 million users as growth in its post-paid user base of 2.3% offset a 0.6% slump in pre-paid customers. Price erosion continues to hamper the cellco, however, and monthly ARPU fell from CHF42.4 in 2013 to CHF39.6 in 2014, reaching CHF38.1 in Q4. With much of its 4G Long Term Evolution (LTE) network already rolled out in 2013, CAPEX for 2014 was down 7.4% y-o-y to CHF158.1 million.

In its press release, Orange noted that, following its acquisition by French billionaire Xavier Niel’s NJJ Capital on 23 February 2015, the company will be rebranded although no further details will be made available until 23 April 2015.

Switzerland, Salt (Switzerland)