Salt remains on course for growth in the first nine months
Published: Friday, Nov 24th 2023, 10:40
Updated At: Friday, Nov 24th 2023, 10:43
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Salt remains on course for growth in the current year: Switzerland's third-largest mobile communications provider gained further customers in the first nine months and increased both sales and operating profit.
In the months from January to September, sales rose by 3.0 percent to CHF 819.0 million, as Salt announced on Friday. Growth remains broad-based: The Group was able to increase its business with mobile customers, corporate customers and also with the Internet offering Salt Home.
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 also had a positive impact on the result. These were implemented at the beginning of September to compensate for cost inflation.
Salt wins new customers
The number of mobile phone subscribers at Salt rose by almost 9% to 1.58 million in the last twelve months. The number of mobile subscriptions has increased by a total of 92,200 since the beginning of the year. This is a new record, wrote Salt. In the same period last year, this growth amounted to 72,700.
Salt began investing in its networks and the quality of its services a few years ago and offers them "at attractive prices", said Salt CEO Max Nunziata in an interview with the news agency AWP. The company is now succeeding in taking market share from its larger competitors Swisscom and Sunrise.
In the battle for new customers, Salt is also focusing on expanding its branch network. In addition to the online channels and call centers, the "Salt Stores" are an important channel for advising customers and offering individual solutions. Salt recently opened a new store in Lucerne. And German-speaking Switzerland remains a focus for further locations, said Nunziata.
Aiming for further growth
Massimiliano "Max" Nunziata, who took over as CEO from Pascal Grieder in June, wants to continue to grow the Group. "We will continue to invest in our product range and services in order to continue our growth trajectory," he said.
Salt is also investing in fiber optic infrastructure together with partners. Salt Home is now available to 2 million Swiss households, according to the company. In the third quarter, the technology was made available in the municipalities of Charmey (FR), Flims (GR), Ebnat-Kappel (SG), Grossaffoltern (BE), Lyss (BE), Subingen/Horriwil (SO), Romont (FR), Villorsonnens (FR) and Wattwil (SG).
The growth plans are also well reflected in the figures. Total investments made by Salt in the third quarter increased to CHF 40.0 million, compared with CHF 37.1 million a year earlier. In the first nine months, this expenditure amounted to CHF 157.1 million (previous year: CHF 150.6 million).
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