Salt reports revenue, profit growth for Q3

26 Nov 2021

Swiss full-service provider Salt has reported total revenues of CHF266.3 million (USD285 million) for the three months to end-September 2021, an increase of 6.4% year-on-year. EBITDA for the period was CHF140.6 million, up 8.1% from CHF130.0 million in Q3 2020, with an EBITDA margin of 52.8% (51.9% a year earlier). Net profit, meanwhile, grew to CHF34.3 million from CHF26.5 million in the same period of 2020. Salt attributed the improvement in operating revenue to higher turnover from its fibre broadband services and greater income from roaming services due to the travel restrictions that were in place in late 2020.

Salt counted a total of 1.821 million mobile subscriptions as at 30 September 2021 and although the total figure was largely unchanged y-o-y (1.820 million in Q3 2020), the proportion of post-paid accounts grew to 74.6% from 70.7% a year earlier. Similarly, monthly ARPU improved by 2.6% y-o-y to CHF31.6. Salt does not provide operating data for the fixed broadband segment.

Salt also confirmed that a potential initial public offering (IPO) is not ‘in focus in the near term’ following reports in July this year that the company – which is wholly owned by French billionaire Xavier Niel – was preparing for a listing on the local bourse.

Switzerland, Salt (Switzerland)