2024-03-26 11:02:00
This content was published on March 26, 2024 – 12:02
(Keystone-ATS) Salt continued its growth last year, increasing its profitability in the process. Increasing its revenues and its customer base, the Vaudois operator, number three in the Swiss telecoms market, generated a gross operating surplus (Ebitda) of 572.6 million francs.
This performance shows an increase of 4.7% in the space of twelve months. The Ebitda margin reached 51.3% last year, compared to 51.0% a year earlier. Free cash flow increased to 293.5 million, from 280.7 million.
Having crossed the billion francs milestone in 2022 at 1.07 billion, turnover for its part increased by 4% to 1.12 billion, the operator based in Renens wrote on Tuesday. Revenues from telecommunications services gained 4% to 932.4 million, while those from sales of smartphones and other accessories increased 4.4% to 184.3 million.
In the fourth quarter, operating income increased by 6.6% to 242.1 million francs, “thanks to robust customer growth”, driven by the partnership with LycaMobile and “the moderate price increase in mobile telephony to offset cost inflation from September 2023”. During this partial period, Ebitda improved by 4.8% to 145.5 million, while the margin fell by one point to 48.9%. Investments stabilized at 53 million.
The net profit of Salt’s parent company, Matterhorn Telecom, jumped by more than a third (+36%) to 156.59 million francs.
Expanding its customer base quarter following quarter, Salt managed to gain 119,600 new customers in its mobile telephony business, including 27,400 in the last quarter. Ultimately, Salt had 1.60 million subscribers at the end of 2023.
Salt has also grown in its activity as an internet access, digital television and fixed-line telephone provider, crossing the milestone of 200,000 subscribers in April 2023 and bringing their total number to 223,000 at the end of December.
For Massimiliano Nunziata, general manager of Salt, the company has signed “another record year”. “Customer growth continued in an increasingly competitive market,” he added.
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