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: editorial@rttnews.com