Friday, February 5, 2016

Swisscom: Flat Revenues, Higher CAPEX for Broadband Upgrades

Swisscom reported 2015 revenue of 11,678 million (CHF), down 0.2% from 2014.  Net income came in at 1,362 million (CHF).

“Currency effects and more intense competition with stronger price dynamic characterised our business in the last year”, said CEO Urs Schaeppi. “In view of the challenging environment in the ICT market, I am satisfied with our operating business. On a like-for-like basis, we achieved a slight increase in revenue as well as operating income (EBITDA). The expansion of the national infrastructure and new offerings according to the needs of our customers will continue to call for high capital expenditure. Fastweb recorded positive customer growth of 6.2% in the Italian market. As a result of strong competition and price pressure, we set ourselves the goal of reducing our costs by over CHF 300 million by 2020.”

Some highlights from the report:

  • Swisscom TV access lines in Switzerland reached 1,331,000 as of 31-Dec-2015, up 14.2% from a year earlier.
  • Mobile lines in Switzerland reached 6,625,00 as of 31-Dec-2015, up 1.3% from a year earlier.
  • Broadband access lines Fastweb reached 2,201,000 as of 31-Dec-2015, up 6.2% from a year earlier.
  • CAPEX in Switzerland reached 1,822 (CHF million), up 4.1 %
  • Group-wide capital expenditure fell by CHF 27 million or 1.1% to CHF 2,409 million


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