BRIEF-Swisscom Says FY Net Income Up 9.7% To 1.67 Bln Sfr [Reuters]
SWISSCOM AG S/ADR (SCMWY)
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swisscom.ch/en/about/investors.html
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Source: Reuters
BRIEF-Swisscom Says FY Net Income Up 9.7% To 1.67 Bln Sfr Feb 6 (Reuters) - Swisscom AG: * GROUP REVENUE DOWN SLIGHTLY DUE TO PRICE EROSION IN SWITZERLAND * EBITDA STABLE ON A LIKE-FOR-LIKE BASIS * NET INCOME UP DUE TO ONE-OFF EFFECTS IN INCOME TAX EXPENSE * ASTWEB ATTRACTS MORE FIXED-LINE AND MOBILE CUSTOMERS; REVENUE AND EBITDA HIGHER YEAR-ON-YEAR * PROPOSAL OF AN UNCHANGED DIVIDEND OF CHF 22 PER SHARE FOR FINANCIAL YEAR 2019 * INVESTMENT IN THE NETWORK REMAINS HIGH â?? NEW 2025 EXPANSION TARGET: DOUBLING COVER WITH GLASS FIBRE (FTTH) * OUTLOOK FOR 2020: NET REVENUE OF AROUND CHF 11.1 BILLION, EBITDA OF AROUND CHF 4.3 BILLION AND CAPITAL EXPENDITURE OF AROUND CHF 2.3 BILLION * IN THE SATURATED SWISS CORE BUSINESS, SWISSCOM GENERATED REVENUE OF CHF 8,563 MILLION (-2.8%) * CONSOLIDATED OPERATING INCOME BEFORE DEPRECIATION AND AMORTISATION (EBITDA) TOTALLED CHF 4,358 MILLION, UP 3.4% ON THE PREVIOUS YEAR * A PROVISION FOR JOB CUTS OF CHF 56 MILLION HAS DEPRESSED THE RESULT * GENERATED
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