ZURICH, Aug 4 Reuters Swisscom stuck to its 2022 outlook on Thursday after secondquarter net profit lagged market expectations.

Secondquarter consolidated operating income before depreciation and amortisation EBITDA fell to 1.05 billion Swiss francs 1.09 billion on revenue of 2.73 billion. Net income attributable to shareholders fell to 337 million francs.

The market had expected quarterly revenue of 2.74 billion francs, EBITDA of 1.07 billion and net income of 356 million, according to consensus figures compiled by the company.

The former state monopoly reiterated its forecast from April that it expected 2022 net revenue of 11.111.2 billion francs, EBITDA of around 4.4 billion francs and capital expenditure of around 2.3 billion. 

It said it still planned to propose a dividend of 22 francs per share if it hits its targets.

1 0.9610 Swiss francs

Reporting by Michael Shields Editing by Riham Alkousaa

Source Reuters