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Swisscom raises FY EBITDA outlook after solid H1
2014-08-20 09:12:00| Telecompaper Headlines
(Telecompaper) Swisscom slightly increased its annual EBITDA target after a solid performance in the first half of the year. The company still expects moderate growth in revenue this year, but EBITDA is now estimated at over CHF 4.4 billion, versus CHF 4.35 billion previously. In the first six months, revenue rose 1.9 percent year-on-year to CHF 5.70 billion, and EBITDA was up 3.8 percent to CHF 2.18 billion. Net profit fell 1.6 percent to CHF 806 million, amid an increase in depreciation, finance costs and taxes. Swisscom maintained its budget for CHF 2.4 billion in capital expenditure this year, after spending CHF 1.12 billion in H1. The increase in capex led to a small drop of 3.5 percent in operating cash flow to CHF 830 million in the first half.
Tags: solid
outlook
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h1
Category:Telecommunications