ZURICH -- Swisscom AG (SCMN.VX) Thursday said it will freeze its
2012 and 2013 dividend at 22 Swiss francs - the same level as 2011
- as it reported annual earnings slightly higher than
expectations.
MAIN POINTS:
- 2012 net profit of CHF1.75 billion versus CHF683 million in
2011.
- 2012 revenue of CHF11.38 billion versus CHF11.33 billion in
2011
- The company said it was keeping its 2012 dividend unchanged at
CHF22 per share.
-Outlook: Swisscom expects stable revenue of CHF 9.34 billion
and a decline in EBITDA to CHF3.64 billion in 2013 (excluding
Fastweb)
- The continuing growth in customers and volume will lead to an
increase in direct costs, mainly as a result of acquiring new
customers and the procurement of handsets. The maintenance and
further expansion of the network structure will also temporarily
increase indirect costs, the company said.
- Capital expenditure is due to increase to CHF1.75 billion in
2013 from CHF1.65 billion in 2012.
- If all targets are met, Swisscom plans to once again propose a
dividend of CHF22 per share for the 2013 financial year at the 2014
Annual General Meeting, the company said.
- Five analysts polled by Dow Jones Newswires on average
forecast a net profit of CHF1.72 billion.
- Five analysts polled by Dow Jones Newswires on average
forecast revenue of CHF11.33 billion.
- Swisscom shares closed Wednesday at CHF 404.7. The stock has
gained 8.2% in value in the last 12 months.
Write to john.revill@dowjones.com
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