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General

Fastweb revenues up 3.4% to record EUR 1.8 bln in 2016

Wednesday 8 February 2017 | 12:22 CET | News
Italian broadband operator Fastweb, a Swisscom subsidiary, reported record net revenues of EUR 1.80 billion in the 2016 financial year, up 3.4 percent compared to 2015 thanks above all to a 7.0 percent rise in broadband customers to 2.35 million. Fastweb's EBITDA increased by 8.0 percent on a like-for-like basis to EUR 661 million, with its profit margin also improving by 4 percentage points to 37 percent. The company's free cash flow came to EUR 98 million, up 119 percent on 2015, while its net profit more than tripled to EUR 95 million. Capital expenditure grew by 7.4 percent year on year

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Categories: General
Companies: Fastweb / Swisscom
Countries: Italy
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