Swisscom suffered a slump in profits in the first nine months of the year. The integration of the acquired Vodafone Italia is primarily to blame, which caused the result to plummet. +Get the most important news from Switzerland in your inbox Net profit fell by 23% to CHF988 million between January and September, as Swisscom announced in a press release on Thursday. Operating profit before depreciation and amortisation after deduction of leasing costs (EBITDAaL) fell to CHF3.78 billion. This is a decrease of 4.8% 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. At constant exchange rates, EBITDAaL would only have fallen by 3%, it said. On a comparable basis, sales shrank by 2.1% to CHF11.18 billion.
