Swisscom increases profit by almost 10 percent
Swisscom posted higher profits in 2009 despite a decline in revenue. The telecommunications group's net income rose by 9.9 percent to 1.9 billion Swiss francs.
This is 9% more than in the previous year and is in line with analysts' expectations. Excluding special effects, profit was on a par with the previous year. Sales fell by 1.6 percent to 12 billion Swiss francs. A sharper decline in sales was prevented thanks to the Italian subsidiary Fastweb.
The number of cell phone customers increased by 4.5% year-on-year to 5.6 million. Swisscom sold 258,000 iPhones, 109,000 of which in the final quarter alone. The number of broadband customers increased by 2.7% to 1.8 million. Swisscom TV almost doubled the number of customers to 230,000.
The number of employees was reduced by 0.7 percent to 15,995 full-time positions. The Group, headed by Carsten Schloter, continues to forecast a decline in Swiss business for 2010. The reasons for this are the continuing high competitive pressure, unbundling and flattening growth in the mobile and broadband market.
The number of cell phone customers increased by 4.5% year-on-year to 5.6 million. Swisscom sold 258,000 iPhones, 109,000 of which in the final quarter alone. The number of broadband customers increased by 2.7% to 1.8 million. Swisscom TV almost doubled the number of customers to 230,000.
The number of employees was reduced by 0.7 percent to 15,995 full-time positions. The Group, headed by Carsten Schloter, continues to forecast a decline in Swiss business for 2010. The reasons for this are the continuing high competitive pressure, unbundling and flattening growth in the mobile and broadband market.
