Salt/Matterhorn Q1 24: Continued outperformance vs Swisscom and Sunrise
Salt has reported another good set of results, with SR growth at +5.7% y/y vs the overall Swiss market at -0.7% y/y. Salt continues to materially outperform Swisscom and Sunrise-UPC. This quarter, EBITDAaL growth has matched the SR growth as well.
Swisscom is engaged in providing telecommunication services and is active in Switzerland and Italy. Co. has three operating divisions: Swisscom Switzerland, Fastweb; and Other Operating Segments. Co.'s Swisscom Switzerland divisions comprised of: Residential Customers; Small and Medium-Sized Enterprises; Enterprise Customers; Wholesale; and IT, Network & Innovation. Co.'s Fastweb segment supplies its fixed-network both directly via its own fiber-optic network and also via the unbundled fixed-access lines and wholesale products. Co.'s other operating segments provides ICT solutions for physicians, hospitals and insurers, develops and operates intelligent solutions for energy management.
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