Swisscom Profit Rises, Keeps Outlook Unchanged
09 November 2011 - 6:10PM
Dow Jones News
Swiss telecom operator Swisscom (SCMN.VX) Wednesday said that
price erosion in Switzerland and Italy hit its nine-month net
revenue while net profit was boosted thanks to non-recurring items.
The company kept its outlook unchanged.
MAIN FACTS:
--Net profit for the first nine months to the end of September
rises 8.4% to CHF1.64 billion, up from CHF1.55 billion, while sales
drop 4.9% to CHF8.54 billion, down from CHF8.98 billion.
--For the three months to the end of September, sales fell 7.1%
to CHF2.82 billion from CHF3.03 billion, while net income
attributable to shareholders rose 5.2% to CHF564 million from
CHF536 million.
--Analysts had expected an average net profit of CHF519 million
and sales of CHF2.89 billion.
--Swisscom said the financial outlook remains unchanged. Based
on an average CHF/EUR exchange rate of 1.20, Swisscom expects to
close the 2011 financial year with net revenue of CHF11.5 billion,
EBITDA of CHF4.6 billion and capital expenditure of CHF2
billion.
--Swisscom continues to expect to pay a minimum dividend per
share for 2011 of CHF 21.
-Zurich Bureau, Dow Jones Newswires, +41 43 443 80 47;
zurichdjnews@dowjones.com
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