Salt books Q3 revenue growth

29 Nov 2019

Swiss full-service provider Salt has reported total revenues of CHF258.6 million (USD258.9 million) for the three months ended 30 September 2019, an increase of 1.6% year-on-year, bolstered by a 15.8% increase in equipment revenue. EBITDA for the period was up 11.8% compared to Q3 2018 to CHF136.2 million, but additional expenses including spectrum licence costs of CHF94.5 million and income tax payments CHF16.7 million (CHF700,000 in Q3 2018) led the company to record negative free cash flow of CHF15.8 million.

Salt counted a total of 1.81 million mobile subscribers, down from 1.92 million a year earlier, although the provider attributed the decline largely to the disconnection of MVNO subscribers earlier this year, following the termination of the Salt’s contracts with COOP Mobile and UPC Mobile. The company did not publish subscriber figures for its fibre-based broadband services, but reported ‘ongoing strong momentum’ in the segment.

Switzerland, Salt (Switzerland)