Swisscom 9-month Profit Down 4.4%; Affirms FY18 Outlook – Quick Facts

Swiss telecommunication services firm Swisscom AG (SWZCF.PK,SCMWY.PK) Thursday reported that its net income for the nine months ended 30 September 2018 declined 4.4 percent to 1.21 billion Swiss francs from 1.27 billion francs in the year-ago period. Earnings per share declined 4.2 percent to 23.49 francs from 24.52 francs last year.

Operating income for the period slipped 8.2 percent from the year-ago period to 1.62 billion francs.

Operating income before depreciation and amortisation, or EBITDA, declined 3.7 percent to 3.23 billion francs from 3.35 billion francs last year, as a result of non-recurring items.

Net revenue for the nine months increased 1.0 percent to 8.69 billion francs from 8.60 billion francs a year ago.

However, market saturation and continued intense competitiveness on the core Swiss market decreased revenue by 2.2 percent, or 144 million francs.

Looking ahead to the full year 2018, the Group said its financial outlook remains unchanged. Swisscom still expects full-year net revenue of about 11.6 billion francs, EBITDA of around 4.2 billion francs, and capital expenditure of less than 2.4 billion francs.

If the targets are met, Swisscom said it will propose payment of an unchanged dividend of 22 francs per share for the 2018 financial year.

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