Swisscom: Less revenue, more profit
In the first nine months of 2009, Swisscom generated slightly lower revenue of CHF 8,925 million (previous year: CHF 9,085 million) compared to the previous year. Nevertheless, the company was able to increase its net profit by 16.6% to CHF 1.5 billion.
However, the increase in profit is primarily due to special effects, without which the result would have been more or less stable. In the Swiss business, sales fell by CHF 220 million, which is attributed to ongoing price erosion as a result of competition and deregulation. New offers and customer growth were unable to compensate for this.
Bluewin TV and iPhone on the rise
By contrast, the digital television business developed extremely positively: The number of Bluewin TV customers almost doubled compared to 2008. The iPhone business is also proving successful: since its launch in July 08, Swisscom has sold 330,000 devices.
Swisscom is sticking to its original forecast for the current financial year: the Group expects business to decline, with revenue excluding Fastweb down by CHF 300 million to between CHF 9.2 and 9.3 billion. The operating result (EBITDA) is expected to be between CHF 3.8 and 3.9 billion.
Bluewin TV and iPhone on the rise
By contrast, the digital television business developed extremely positively: The number of Bluewin TV customers almost doubled compared to 2008. The iPhone business is also proving successful: since its launch in July 08, Swisscom has sold 330,000 devices.
Swisscom is sticking to its original forecast for the current financial year: the Group expects business to decline, with revenue excluding Fastweb down by CHF 300 million to between CHF 9.2 and 9.3 billion. The operating result (EBITDA) is expected to be between CHF 3.8 and 3.9 billion.
