Salt books 3.2% dip in third quarter turnover

26 Nov 2020

Swiss full-service provider Salt has recorded a 3.2% drop in third quarter revenue, with turnover dipping to CHF250.3 million (USD275 million) from CHF258.6 million in Q3 2019. Adjusted EBITDA for the period contracted by 1.8% to CHF133.3 million, whilst net profit was down to CHF26.5 million compared to CHF447.4 million in Q3 2019, although the latter figure was substantially bolstered by the sale of Salt’s tower assets in August 2019. The operator notes that the COVID-19 pandemic has negatively impacted its financial performance, particularly in the second and third quarters of the year, with government-imposed restrictions to combat the pandemic leading to a slowdown in customer acquisitions and equipment sales, as well as a reductions in roaming traffic and revenue.

Salt counted a total of 1.82 million mobile subscribers at 30 September 2020, up from 1.81 million a year earlier, of which 1.29 million were post-paid customers (1.24 million in Q3 2019). Blended mobile ARPU continued to fall, however, slipping by 4.1% year-on-year to CHF30.8. The operator did not publish any data regarding its fibre-to-the-home (FTTH) service, claiming only that the segment had seen ‘good development’. Salt added that it was committed to ‘dramatically increasing its household reach with FTTH’ and to that end is exploring avenues to pursue FTTH deployments with other financial investors.

Switzerland, Salt (Switzerland)