Wednesday, February 8, 2023

Swisscom 2022 Adj. Net Income Rises; Issues FY23 Guidance

Swisscom (SWZCF.PK, SCMWY.PK) reported that its 2022 net income decreased by 12.5% year-on-year to 1.60 billion Swiss francs. Earnings per share was 30.93 francs compared to 35.37 francs. The company said the main reasons for the decline in profit are the non-recurring items in EBITDA, in the financial result and in income tax expense. Adjusted for these items, net income increased by 180 million Swiss francs.

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