Swisscom Q1 group sales fall 1.2%

28 Apr 2022

Consolidated group revenue at full-service operator Swisscom in Q1 2022 fell by 1.2% year-on-year to CHF2.768 billion (USD2.865 billion), while in its home market of Switzerland revenues declined by 0.5% to CHF2.070 billion, driven by competition and price pressure. Telecoms service revenues decreased by 1.8% to CHF1.365 billion, in contrast to B2B IT solutions sales which grew 8.8% to CHF297 million. Italian division Fastweb reported y-o-y revenue growth of 2.4%. Consolidated EBITDA climbed 1.2% y-o-y to CHF1.137 billion in January-March 2022. Quarterly net income of CHF447 million was down 29.9% compared to 1Q21, due to non-recurring items in the previous year’s financial result: the transfer of a shareholding of Fastweb and the sale of Swisscom’s shareholding in Belgacom International Carrier Services.

Swisscom highlighted that its number of Swiss fixed broadband and TV subscriptions remained virtually stable year-on-year at end-March 2022, at 2.03 million for broadband and 1.59 million for TV, while post-paid mobile subscriptions rose by 162,000 y-o-y alongside a 188,000 net drop in pre-paid. Swisscom had a total of 6.15 million Swiss mobile subscriptions at the end of 1Q22.

Switzerland, Swisscom