Swiss telecom operator Swisscom (SCMN.VX) Wednesday said that price erosion in Switzerland and Italy hit its nine-month net revenue while net profit was boosted thanks to non-recurring items. The company kept its outlook unchanged.

MAIN FACTS:

--Net profit for the first nine months to the end of September rises 8.4% to CHF1.64 billion, up from CHF1.55 billion, while sales drop 4.9% to CHF8.54 billion, down from CHF8.98 billion.

--For the three months to the end of September, sales fell 7.1% to CHF2.82 billion from CHF3.03 billion, while net income attributable to shareholders rose 5.2% to CHF564 million from CHF536 million.

--Analysts had expected an average net profit of CHF519 million and sales of CHF2.89 billion.

--Swisscom said the financial outlook remains unchanged. Based on an average CHF/EUR exchange rate of 1.20, Swisscom expects to close the 2011 financial year with net revenue of CHF11.5 billion, EBITDA of CHF4.6 billion and capital expenditure of CHF2 billion.

--Swisscom continues to expect to pay a minimum dividend per share for 2011 of CHF 21.

-Zurich Bureau, Dow Jones Newswires, +41 43 443 80 47; zurichdjnews@dowjones.com

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