Strong consolidated results
Swisscom can look back on a successful year. While net revenue dipped slightly by 0.1% to CHF 12.0 billion, adjusted for currency effects, it increased by 2.1%. The results reflect a rise in consumer confidence, growth in Swisscom TV, mobile communications and bundled offerings, and the acquisition of subsidiaries by Swisscom IT Services. Swisscom's Swiss business developed very well, with performance exceeding original expectations. The Group's Italian subsidiary Fastweb increased net revenue in local currency terms by 1.5% to EUR 1,880 million and grew its customer base by a significant 4.9%.