Swisscom Reports CHF835 Million 4Q Loss On Fastweb Write-Down
February 15 2012 - 2:27AM
Dow Jones News
reported a worse-than-expected net loss of 835 million Swiss
francs in its 4Q 2011 due to an impairment charge at its Italian
unit Fastweb.
MAIN POINTS:
-4Q net loss of CHF835 million ($911 million) versus profit of
CHFmillion in 2010
-4Q revenue CHF2.93 billion versus CHFbillion in 2010
-Outlook: Swisscom expects net revenue of CHF 11.4 billion,
EBITDA of CHF 4.4 billion and capital expenditure of CHF 2.2
billion for the financial year 2012.
- Six analysts polled by Dow Jones Newswires on average forecast
a net loss of
- Six analysts polled by Dow Jones Newswires on average forecast
revenue of
- Said it will propose a dividend of up from CHF21 for 2010.
- Annual revenue fell 4.3% to CHF11.47 billion from CHF11.99
billion in 2010.
- 2011 Net Profit attributable to shareholders fell to
CHF683million from CHF1.81 billion in 2010.
- Currency reduced CHF250 million from revenues, company
says.
- Says price erosion in Switzerland of CHF508 million could not
be fully offset by customer and volume growth of CHF400
million.
- Annual Revenue at Fastweb declined by 7.1% to EUR1.75
billion.
-By John Revill, Dow Jones Newswires; +41 43 443 8042 ;
john.revill@dowjones.com
Swisscom (PK) (USOTC:SCMWY)
Historical Stock Chart
From Jun 2024 to Jul 2024
Swisscom (PK) (USOTC:SCMWY)
Historical Stock Chart
From Jul 2023 to Jul 2024
