LOGO
LOGO

Quick Facts

Swisscom Q2 Profit Declines - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Swisscom (SCMWY.PK,SWZCF.PK) posted second-quarter net income attributable to equity holders of CHF 468 million, down from CHF 485 million last year. Earnings per share dropped to CHF 9.03 from CHF 9.36 a year ago.

Net revenue declined to CHF 2.82 billion from CHF 2.86 billion in the comparable period a year earlier.

For the financial outlook 2012, the assumption for the average rate CHF/EUR was changed from 1.23 to 1.20. As a result, Swisscom expects mildly lower net revenue of CHF 11.3 billion. Previously, the company expected net revenue of CHF 11.4 billion. Other expectations for the financial outlook 2012 remain unchanged. Swisscom still expects to close the year with EBITDA of CHF 4.4 billion.

Further, if all 2012 targets are met, Swisscom will again propose a dividend of CHF 22 per share at the Annual General Meeting.

For comments and feedback contact: editorial@rttnews.com

Business News

Global Economics Weekly Update - Jun 01 - Jun 05, 2026

June 05, 2026 16:18 ET
A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.

Latest Updates on COVID-19