Net income up, revenues down in first quarter for Swisscom [Yahoo! Finance]
SWISSCOM AG S/ADR (SCMWY)
NASDAQ:AMEX Investor Relations:
swisscom.ch/en/about/investors.html
Company Research
Source: Yahoo! Finance
The company reported first quarter net income of 455 million Swiss francs ($496 million), an increase of 2.9% from last year. Earnings per share was 8.78 francs compared to 8.53 francs. Operating income before depreciation and amortization, or EBITDA, fell by 0.8% to 1.155 billion francs. First quarter revenue was 2.7 billion Swiss francs, a decline of 1.6% from a year ago. Based on a constant euro exchange rate, revenue fell by 0.5%. The financial outlook for 2024 financial year remains unchanged. Swisscom expects revenue of around 11 billion francs, and EBITDA in a range of 4.5 billion to 4.6 billion francs. Subject to achieving targets, Swisscom plans to propose payment of an unchanged dividend of 22 francs per share for the 2024 financial year at the 2025 Annual General Meeting.
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