Swisscom annual turnover dips 0.2%

9 Feb 2016

Swiss fixed line incumbent Swisscom has booked net revenue of CHF11.678 billion (USD11.77 billion) for the year ended 31 December 2015, a decline of 0.2% compared to the previous year. Adjusting to account for the group’s acquisitions and disposals and exchange rate fluctuations, the company claims revenue actually increased by 0.7%, however. Similarly, EBITDA fell by 7.1% year-on-year to CHF4.098 billion, although on a like-for-like basis it increased by 2.3%. Net income, meanwhile, dropped by 20.2% y-o-y to CHF1.362 billion with Swisscom attributing the fall largely to one-off items, which accounted for CHF339 million.

In operational terms, Swisscom claimed 6.625 million mobile users at end-December (1.3% y-o-y), alongside 1.958 million broadband subscribers (3.6%), 1.331 million TV customers (+14.2%) and 2.629 million fixed lines – a fall of 5.4%. The telco reported that 73% of its mobile data traffic is now carried over its 4G LTE systems, adding that it intends to deactivate its 2G network by 2020 to free up spectrum for a new 5G platform.

Switzerland, Swisscom