Swisscom posted an increase by 0.4% in net revenue to CHF 7.154 billion (EUR 4.638 billion) for H1 2003, compared with CHF 7.129 billion in H1 2003. Declining revenue in Switzerland was offset by marked revenue growth with lower margins at debitel. Lower revenues were reported above all in Fixnet (down 7%) and Enterprise Solutions (down 8.5%). With EBITDA up 7.2% to CHF 2.431 billion, Swisscom achieved a good result, with the Fixnet and Mobile segments as the key contributors. Net income for the Swisscom Group rose by 22.1% to CHF 952 million. Swisscom's net debt stands at CHF 125 million.In the current financial year, Swisscom has distributed over CHF 1.3 billion or CHF 20 per share to shareholders, which represents a yield of approximately 5% of the average share price for the first half of 2003. Due to the growth of ADSL, revenue increased by 7.4% to CHF 838 million. Compared to the previous year, the number of ADSL lines grew by 216,000 to 317,000, of which 177,000 were for Bluewin retail customers and 140,000 for customers of other providers. The number of mobile customers at the end of H1 2003 amounted to 3.68 million, compared with 3.49 million at the end of H1 2002, an increase by 5.4%.
