Swisscom: share bouyant on sales targets

(CercleFinance.com) - In 2022 group revenue slipped 0.
6% y-o-y to 11,112 million Swiss francs, although at constant exchange rates it rose 1%. In the Swiss core business, revenue inched up to 8,270 million Swiss francs (+0.4%), while Telecommunication services revenues slipped 0.9% to 5,449 million Swiss francs.

EBITDA fell 1.6% to 4,406 million Swiss francs. Excluding non-recurring items and at constant exchange rates, the result increased 3.1%.

Net profit fell 12.5% y-o-y to 1,603 million Swiss francs.

Swisscom expects 2023 net revenues of 11.1 to 11.2 billion Swiss francs and EBITDA of 4.6 to 4.7 billion Swiss francs. The share is up almost 4% this lunchtime.



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