BRIEF-Swisscom Sticks To 2019 Outlook After Reporting Rise In H1 EBITDA [Reuters]
SWISSCOM AG S/ADR (SCMWY)
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Source: Reuters
BRIEF-Swisscom Sticks To 2019 Outlook After Reporting Rise In H1 EBITDA - Reuters 1 Min Read Aug 15 (Reuters) - Swisscom AG: * OUTLOOK FOR FULL-YEAR 2019 REMAINS UNCHANGED * GROUP REVENUE BELOW PREVIOUS YEAR DUE TO FIERCE COMPETITION AND STRONG PRICE PRESSURE * AT CHF 5,663 MILLION, GROUP REVENUE WAS DOWN YEAR-ON-YEAR (–2.4%). AT CONSTANT EXCHANGE RATES, THIS REPRESENTS A DECLINE OF 1.7% * SWISSCOM’S NET INCOME WAS PRACTICALLY UNCHANGED AT CHF 780 MILLION (–0.9%) * CONSOLIDATED OPERATING INCOME BEFORE DEPRECIATION AND AMORTISATION (EBITDA) TOTALLED CHF 2,240 MILLION, WHICH WAS 4.5% ABOVE THE PREVIOUS YEAR * SUBJECT TO ACHIEVING ITS TARGETS, SWISSCOM WILL PROPOSE PAYMENT OF AN UNCHANGED, ATTRACTIVE DIVIDEND OF CHF 22 PER SHARE FOR THE 2019 FINANCIAL YEAR AT THE 2020 ANNUAL GENERAL MEETING * THE CHF 134 MILLION DECLINE IN REVENUE FROM TELECOM SERVICES WAS MAINLY THE RESULT OF FALLING PRICES IN VARIOUS SEGMENTS AND THE DECLINE IN FIXED-LINE TELEPHONY CONNECTIONS Source text for Eikon: Fu
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