Salt maintains steady top-line in Q1

28 May 2020

Swiss full-service provider Salt has booked total revenue of CHF238.5 million (USD246.3 million) for the first three months of 2020, largely unchanged from a figure of CHF238.8 million in Q1 2019. Operating revenue, meanwhile, was up 3.8% year-on-year to CHF205.1 million, whilst adjusted EBITDA inched up by 0.7% y-o-y to CHF123.3 million and free cash flow for the period was CHF75 million, compared to CHF50.6 million a year earlier. The company counted a total of 1.809 million mobile subscribers, down from 1.824 million at the end of March 2019, but with a greater proportion of post-paid users (69.5% compared to 67.3%), which contributed to a 3.5% y-o-y improvement in ARPU to CHF30.7. Separately, announced that it had rebranded its secondary ‘attacker’ brand ‘Das Abo’ and launched an online sales channel for the brand, which was previously sold exclusively through Swiss post offices.

Salt did not disclose subscriber data for its fibre operations, but said it was seeing ‘ongoing strong momentum’ in the segment, and claimed to offer an average download speed of 518Mbps, compared to a national average of around 98Mbps. Salt’s fibre operations are set to receive a boost, following its signing of a strategic partnership with rival full-service provider Sunrise to create a joint venture – Swiss Open Fiber – that will construct an open platform fibre-to-the-home (FTTH). As previously reported by TeleGeography’s CommsUpdate the JV aims to deploy FTTH access to 1.5 million homes in Switzerland’s underserved sub-urban areas.

Finally, Salt reported that it had booked positive net additions in the B2B segment for the third consecutive quarter, following more than three years of steady losses.

Switzerland, Salt (Switzerland)