Annual net income falls for telecom firm Swisscom [Yahoo! Finance]
SWISSCOM AG S/ADR (SCMWY)
NASDAQ:AMEX Investor Relations:
swisscom.ch/en/about/investors.html
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Source: Yahoo! Finance
The logo of the Swiss telecommunications company Swisscom is pictured in Basel. Patrick Seeger/dpa Net income fell for Swiss telecommunications company Swisscom for the 2024 fiscal year, the company reported on Thursday. The company said net income fell 9%, to 1.54 billion Swiss francs ($1.69 billion), due to the costs in connection with the acquisition of Vodafone Italia. Consolidated operating income before depreciation and amortization, or EBITDA, fell by 5.8% to 4.35 billion francs. On like-for-like basis, EBITDA in the Swiss core business declined by 1.1%. Fiscal 2024 revenue was 11.04 billion francs compared to 11.07 billion francs, prior year. Group revenue decreased marginally by 0.3% year-on-year, which, however, amounts to an increase of 0.2% at constant exchange rates. Revenue in the Swiss core business was 8.01 billion francs, down 1.7%. For fiscal 2025, Swisscom expects revenue of around 15 billion to 15.2 billion francs. For fiscal 2024, the payment of
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