Mobilezone Group Achieves Strong Sales and Bolsters MVNO Stance in Switzerland and Germany

Mobilezone Group has reported impressive financial outcomes for the year 2023, marked by solid sales volumes and a fortified position in the Mobile Virtual Network Operator (MVNO) market across Switzerland and Germany. The company recorded net sales of CHF 1,013 million, with an organic sales growth of 2.6%. The operating income (EBIT) stood at CHF 65.7 million, and the consolidated net income reached CHF 49.5 million.

In the telecommunications sector, contracts in Switzerland saw a 5.7% increase, reaching 462,000, while Germany experienced a modest growth of 0.2%, totaling 1,093,000 contracts. The MVNO segment witnessed a 40% customer increase, boosting subscription numbers from 210,500 to 295,300. This sector contributed significantly to the company’s earnings before interest, taxes, depreciation, and amortization (EBITDA), with a 29.4% share, translating to CHF 22.7 million.

Furthermore, despite currency fluctuations and special effects adjustments, Mobilezone met its financial guidance for 2023, achieving an EBIT of CHF 65.7 million. The company’s strategic growth in the MVNO business and a reduced cost structure have led to improved profitability. Looking ahead, Mobilezone is optimistic about 2024, projecting an EBIT of CHF 68 to 75 million and forecasting continued strong customer growth in the MVNO sector.

CEO Markus Bernhard expressed satisfaction with the 2023 financial results, emphasizing the strategic advancements made in expanding Mobilezone's market presence and increasing sales volume in key markets. The company remains confident in its business prospects, supported by high consumer demand for telecommunications products in both Germany and Switzerland.