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General

Swisscom holds Q1 revenue stable in saturated market

Tuesday 3 May 2016 | 11:28 CET | News
Swisscom reported a virtually unchanged net revenue year-on-year at CHF 2.885 billion in the first quarter of 2016. EBITDA rose by 2.9 percent or CHF 30 million to CHF 1.081 billion. The CHF 11 million increase in the Swiss core business can mainly be attributed to lower costs for subscriber acquisition and maintenance. Net profit increased by 3.7 percent to CHF 364 million, with foreign exchange losses having a bigger impact on the result in the prior year.

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Categories: General
Companies: Swisscom
Countries: Switzerland
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