Salt books 1.1% dip in annual turnover

25 Mar 2021

Swiss full-service provider Salt has booked total revenue of CHF1.01 billion (USD1.08 billion) for the twelve months to 31 December 2020, a decrease of 1.1% from CHF1.02 billion in 2019. Annual service revenue rose by 0.9% to CHF914.7 million but was offset by a 17.0% fall in equipment revenue for the year. Adjusted EBITDA stood at CHF420.8 million compared to CHF432.5 million in 2019, whilst Free Cash Flow for the year was CHF227.9 million, compared to CHF121.3 million in 2019 (or CHF215.8 million excluding the operator’s spectrum spend that year). In terms of its subscriber base, Salt counted 1.825 million mobile users at end-December 2020, up from 1.808 million a year earlier, of which 1.306 million were post-paid customers (1.250 million in December 2019). The operator provided no details of its fixed broadband user base, but claimed to have witnessed ‘continued strong growth’ having passed the 100,000 subscriber milestone in June 2020. Salt noted, however, that the reach of its ‘Home’ products is set to increase by more than 30% over the course of 2021, following the launch of its 5G-based fixed-wireless access (FWA) ‘Salt Gigabox’ solution in January this year. According to Salt, its home broadband services are now available to more than two million households via fibre-to-the-home (FTTH) and 5G networks, up from the 1.58 million homes passed by its FTTH network at end-December 2020.

Switzerland, Salt (Switzerland)