Salt continues to grow and increases operating profit
Published: Friday, Nov 24th 2023, 08:30
Updated At: Friday, Nov 24th 2023, 08:33
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Salt continues to grow: Switzerland's third-largest mobile communications provider gained further customers in the first nine months and increased both sales and operating profit.
Sales rose by 3.0% to CHF 819.0 million from January to September. The number of mobile subscriptions increased by 92,200 to 1.58 million (+8.7%), as Salt announced on Friday. Business with corporate customers also grew.
Meanwhile, operating profit before depreciation and amortization (EBITDA) climbed by 4.7 percent to CHF 427.1 million. According to the press release, price increases in mobile telephony had a positive impact on the result. These were implemented at the beginning of September in order to compensate for cost inflation.
Salt CEO Massimiliano "Max" Nunziata wants to continue to grow with the Group. "We will continue to invest in our product range and services in order to continue our growth trajectory," explained Nunziata in the press release. Among other things, investments will be made in the fiber optic infrastructure and in new Salt stores in "attractive" locations.
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