Swisscom sees drop in revenues, EBITDA, minimal impact of Covid-19 crisis in Q1

Nieuws Algemeen Zwitserland 30 APR 2020
Swisscom sees drop in revenues, EBITDA, minimal impact of Covid-19 crisis in Q1

Swisscom said that its revenues decreased by 4.3 percent year-on-year in Q1 2020 to CHF 2.73 billion, in line with expectations, and with minimal impact of the Covid-19 crisis on its financial results for the period. EBITDA fell 0.7 percent to CHF 1.11 billion. In the Swiss market, the company saw a 4.4 percent decline in revenues to CHF 2.07 billion in the first quarter, with revenues in the telecommunication services down by CHF 72 million amid persistent competitive and price pressure in various segments. 

For 2020, Swisscom continues to expect net revenue of around CHF 11.1 billion, EBITDA of around CHF 4.3 billion and capital expenditure of around CHF 2.3 billion. The company said that it is not possible at this stage to quantify the potential financial impact of Covid-19.  

In Switzerland, the number of fixed telephony lines declined by 8.9 percent to 1.58 million in Q1, mostly as residential customers migrated to IP. The number of broadband connections declined by 0.2 percent to 2.05 million. The number of mobile lines fell by 1.2 percent to 6.29 million, while TV connections were up by 1.2 year-on-year to 1.55 million.

Swisscom had connected around 4 million homes and businesses to its ultra-fast broadband at speeds in excess of 80 Mbps by the end of 2020. Around 2.65 million homes and offices benefit from bandwidths of more than 200 Mbps, and 1.57 million of these have been upgraded to FTTH. Nationwide coverage by LTE was 99 percent of the population at the end of March. More than 97 percent of the Swiss population can surf at up to 300 Mbps and more than 72 percent at up to 500 Mbps, while 27 percent are on 700 Mbps.

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Algemeen

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Swisscom

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Zwitserland

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Voice services, Sales figures, Financial figures, Wireline, Wireless, Internet Access

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