ZURICH -- Swisscom AG (SCMN.VX) Thursday reduced its operating
profit outlook for 2012 by 50 million Swiss francs to CHF4.35
billion as it reported lower-than-expected earnings in its third
quarter.
MAIN POINTS:
-3Q net profit of CHF458 million versus CHF564 million in
2011
-3Q revenue CHF2.81 billion versus CHF2.82 billion in 2011
-Outlook: As a result of non-recurring costs amounting to CHF50
million in connection with the changes in headcount, Swisscom has
revised its earnings before interest, tax and amortization figure
down for the full-year from CHF 4.4 billion to CHF 4.35 billion.
Other financial projections for full-year 2012 remain
unchanged.
- Swisscom said it expects net revenue of CHF 11.3 billion and
capital expenditure of up to CHF 2.2 billion (excluding expenditure
on mobile frequencies amounting to CHF 360 million)
- If all targets are met, Swisscom will again propose a dividend
of CHF 22 per share for the 2012 financial year at the next Annual
General Meeting.
- Five analysts polled by Dow Jones Newswires on average
forecast a net profit of CHF484 million.
- Five analysts polled by Dow Jones Newswires on average
forecast revenue of CHF 2.79 billion.
- Swisscom shares closed Wednesday at CHF 387. The stock has
gained 8.7% in value since the start of the year.
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Write to john.revill@dowjones.com
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