Swisscom books 6% increase in net income in 9M17

3 Nov 2017

Swiss fixed line incumbent Swisscom has reported revenue of CHF8.6 billion (USD8.6 billion) for the nine months ended 30 September 2017, a fall of 0.5% year-on-year which the company attributed to reductions in service revenue due to lower roaming fees, pricing pressure from market saturation and the ongoing downward trend in fixed line telephony. The operator did note, however, that turnover from its solutions business, in particular for corporate customers, rose by CHF7 million y-o-y. EBITDA for the nine month period was up by 1.4% compared to 2016 to CHF3.4 billion as performance in its Italian subsidiary offset a dip of 1.3% in its domestic market. Group wide net income was CHF1.3 billion, an increase of 6.0% compared to the previous year.

In operational terms, Swisscom continued to see an increase in post-paid mobile lines but a decrease in its total wireless user base, with the former reaching 4.60 million (1.6%) out of a total 6.58 million (-0.5%). Swisscom counted a total of two million fixed broadband subscribers at 30 September 2017 (0.8%) and 2.13 million fixed telephony lines (-13.4%). Its Italian Fastweb division, meanwhile, reported a total of 2.42 million broadband access lines (5.5%), and 989,000 wireless subscribers (57.0%).

Switzerland, Fastweb, Swisscom