Swisscom Q3 results slightly lower, maintains FY outlook

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(Telecompaper) Swisscom’s results were broadly in line with expectations for the first nine months of 2018. In Q3, the group’s net revenue decreased by 1 percent to CHF 2.88 billion, and EBITDA fell by 0.5 percent to CHF 1.09 billion. Net income in Q3 was down by 0.9 percent to CHF 426 million. The financial outlook for the 2018 fiscal year remains unchanged. Swisscom still expects to generate stable net revenue of approximately CHF 11.6 billion, slightly lower EBITDA of about CHF 4.2 billion and capital expenditure of less than CHF 2.4 billion in 2018.
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