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Swisscom has degraded 541 Points

Swisscom for 2018, a 0.4 percent higher sales of 11,71 billion Swiss francs. The operating profit (Ebitda) decreased by 1.9 per cent to 4.21 billion. The bottom line is a 3.0% lower net profit of 1.52 billion, as the company announced on Thursday. The shareholders are to receive – as usual – a dividend of 22 francs per share.

Thus, analysts ' expectations were fulfilled: This had to be expected in the cut (AWP-consensus) with a turnover of 11,68 billion, Ebitda of over 4.21 billion and a net profit of 1.51 billion.

The results are in the face of the challenging market environment, the sound, commented on the company's Numbers. Against the wind, Swisscom is felt especially in the Swiss core business, which declined by 2.7 percent. Well it ran in Italy, where sales rose in the reporting currency, the Euro by 8.2 percent.

The decline in profits in the group, Swisscom explained mainly with various special effects and the currency situation. In particular, flowed in the previous year to a gain from a legal procedure. On a comparable Basis, the operating income have decreased by only 0.8 percent, it said.

objectives of the austerity programme exceeded

in Order to meet the competitive pressure, runs known to be a saving program. Its objectives had been exceeded in 2018. 2018, the personnel was reduced stock in Switzerland according to the information to 541 full-time jobs.

The austerity programme, with a year by 2020, 100 million in savings, as planned, continued. The company therefore predicts that in 2019, with a slight decline in vacancy in Switzerland.

The Outlook for fiscal year 2019, Swisscom is faced with intense competition and price pressures subdued. So a turnover of around 11.4 billion Swiss francs and investments are made around 2.3 billion (2018 2.4 billion).

The Ebitda should come to lie with about 4.3 billion, up significantly year-on-year, however, primarily due to an accounting effect (IFRS 16; effect of around 200 million Fr.). Excluding this effect, the measure remains under pressure. In addition, an unchanged dividend of 22 Swiss francs, is promised, should the objectives be achieved. (fal/sda)

Created: 07.02.2019, 08:15 PM

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