& cplSiteName &

Swisscom Reports 2012 Profit Rise

Light Reading
LR Mobile News Feed
Light Reading
2/7/2013
50%
50%

BERNE, Switzerland -- Swisscom posted a fall in net revenue in 2012 of CHF 83 million or 0.7% to CHF 11,384 million and a drop in operating income before depreciation and amortisation (EBITDA) of CHF 203 million or 4.4% to CHF 4,381 million. On a like-for-like basis and at constant exchange rates, revenue was up by 0.3% and EBITDA fell by 0.6%. The CHF 1,068 million or 153.9% increase in net income is primarily attributable to last year's impairment charge at Fastweb. On a like-for-like basis, net revenue in the Swiss business was stable (+0.3%) at CHF 9,268 million, while operating income (EBITDA) reported a slight year-on-year decline of -2.1% to CHF 3,768 million. The price erosion of around CHF 400 million in the traditional core business was offset by new revenue. Capital expenditure in Switzerland was up 29.7% to CHF 1,994 million due to the expansion of broadband networks and expenditure associated with the mobile frequency auction. Fastweb is on track, with revenue practically unchanged at EUR 1,613 million in local currency (+0.5%) and EBITDA rising to EUR 500 million (+11.1%) on a like-for-like basis. The customer base grew by 172,000 or 10.8% to 1.77 million within the space of a year. Payment of an unchanged ordinary dividend of CHF 22 per share will be proposed to the Annual General Meeting. Swisscom expects revenue of CHF 11.3 billion, EBITDA of at least CHF 4.25 billion and capital expenditure of CHF 2.4 billion for the 2013 financial year. Swisscom AG

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Featured Video
From The Founder
John Chambers is still as passionate about business and innovation as he ever was at Cisco, finds Steve Saunders.
Flash Poll
Upcoming Live Events
June 26, 2018, Nice, France
September 12, 2018, Los Angeles, CA
September 24-26, 2018, Westin Westminster, Denver
October 9, 2018, The Westin Times Square, New York
October 23, 2018, Georgia World Congress Centre, Atlanta, GA
November 7-8, 2018, London, United Kingdom
November 8, 2018, The Montcalm by Marble Arch, London
November 15, 2018, The Westin Times Square, New York
December 4-6, 2018, Lisbon, Portugal
All Upcoming Live Events
Hot Topics
Telco Job Prospects Go From Bad to Worse
Iain Morris, News Editor, 6/22/2018
Larry Ellison Laughed at the Cloud, Now the Cloud Is Laughing Back
Mitch Wagner, Executive Editor, Light Reading, 6/20/2018
Mavenir's Billion-Dollar Blueprint
Ray Le Maistre, Editor-in-Chief, 6/18/2018
5G Transport – Where Do We Start?
Ray Le Maistre, Editor-in-Chief, 6/21/2018
Animals with Phones
Backing Up Your Work Is Crucial Click Here
Live Digital Audio

A CSP's digital transformation involves so much more than technology. Crucial – and often most challenging – is the cultural transformation that goes along with it. As Sigma's Chief Technology Officer, Catherine Michel has extensive experience with technology as she leads the company's entire product portfolio and strategy. But she's also no stranger to merging technology and culture, having taken a company — Tribold — from inception to acquisition (by Sigma in 2013), and she continues to advise service providers on how to drive their own transformations. This impressive female leader and vocal advocate for other women in the industry will join Women in Comms for a live radio show to discuss all things digital transformation, including the cultural transformation that goes along with it.

Like Us on Facebook
Twitter Feed