Swiss telecoms company Swisscom AG (SCMN.VX) Wednesday 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 CHF389 million in 2010

-4Q revenue CHF2.93 billion versus CHF3.012 billion in 2010

-Swisscom expects net revenue of CHF11.4 billion, Ebitda of CHF4.4 billion and capital expenditure of CHF2.2 billion for the financial year 2012.

-Six analysts polled by Dow Jones Newswires on average forecast a net loss of CHF800 million.

-Six analysts polled by Dow Jones Newswires on average forecast revenue of CHF2.93 billion.

-Said it will propose a dividend of CHF22 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 CHF683 million 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 CHF404 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

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