Swisscom profits shrink after Vodafone Italia integration

The biggest acquisition in Swisscom's history is having an impact on the company's results. Profits at the Swiss telecoms firm plummeted due to the costs of integrating the acquired Vodafone Italia. + Get the most important news from Switzerland in your inbox Net profit fell by 17.6% to CHF 1.27 billion last year, announced Swisscom. Operating profit before depreciation and amortisation after deduction of leasing costs (EBITDAaL) fell to CHF4.98 billion. This is a decrease of 1.2% compared to the pro-forma figures if Vodafone Italia had already belonged to Swisscom in the previous year. In addition to the costs for the integration of the €8 billion acquisition of Vodafone Italia, the further erosion in the telecoms business weighed on the operating result. The strength of the Swiss franc also created a headwind. One-off costs were also incurred. At constant currencies and on a comparable basis, EBITDAaL would have fallen by as much as 1.9%, according to the statement. Profit ...