Swisscom trims 2021 sales outlook, keeps dividend target
At Market.us Scoop, we strive to bring you the most accurate and up-to-date information by utilizing a variety of resources, including paid and free sources, primary research, and phone interviews. Our data is available to the public free of charge, and we encourage you to use it to inform your personal or business decisions. If you choose to republish our data on your own website, we simply ask that you provide a proper citation or link back to the respective page on Market.us Scoop. We appreciate your support and look forward to continuing to provide valuable insights for our audience.
October 28, 2021
ZURICH (Reuters) -Swisscom trimmed its 2021 sales outlook on Thursday, citing a review of its fibre-optic partnership with Salt as well as developments in exchange rates.
It now expects net revenue of around 11.2 billion Swiss francs, down from its previous forecast of around 11.3 billion, and capital expenditure of around 2.3 billion versus the previous 2.2 billion to 2.3 billion, it said while reporting https://ift.tt/2ZBKFi2 third-quarter results.
It still expects earnings before interest, tax, depreciation and amortisation (EBITDA) of between 4.4 billion and 4.5 billion francs and reiterated it plans to keep its dividend for 2021 unchanged at 22 francs per share.
The state-controlled former telecoms monopoly in August bumped up its profit guidance for 2021 after reporting a 4.9% rise in half-year EBITDA.
Switzerland’s Federal Administrative Court this month rejected Swisscom’s appeal over the standards it has to use in expanding fibre-optic networks to consumers.
The expansion of the fibre-optic networks is “clouded by uncertainty”, Swisscom said. Until the situation is clarified, Swisscom is building only point-to-point network elements such as feeders to homes, it said.
By the end of September, it had connected around 4.7 million (or 88%) of homes and businesses in Switzerland to its ultra-fast broadband service. It said it would make ultra-fast broadband available in every municipality by the end of 2021, even in remote locations.
(Reporting by Michael Shields, editing by John Revill and Subhranshu Sahu)
Source Link Swisscom trims 2021 sales outlook, keeps dividend target
Tajammul Pangarkar
Tajammul Pangarkar is a CMO at Prudour Pvt Ltd. Tajammul longstanding experience in the fields of mobile technology and industry research is often reflected in his insightful body of work. His interest lies in understanding tech trends, dissecting mobile applications, and raising general awareness of technical know-how. He frequently contributes to numerous industry-specific magazines and forums. When he’s not ruminating about various happenings in the tech world, he can usually be found indulging in his next favorite interest - table tennis.
Latest from Author
- Virtual Events Shifts to Remote Work Technology Has Accelerated the Growth
- Digital Currency Market Reaching USD 76.9 billion by 2032
- Virtual Events Statistics 2024 By Platforms, Technology, Communication
- Combat Management System Market Rising to USD 1,386 Million Valuation by 2032
- Air Charter Broker Market to Surge USD 2,496.1 Million by 2033