Swisscom names Aeschlimann CEO, one-offs swell 2021 net profit

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ZURICH (Reuters) – Swisscom named Christoph Aeschlimann as new chief govt on Thursday to succeed Urs Schaeppi when he steps down on June 1 after 9 years within the submit, the corporate mentioned because it reported outcomes.

Aeschlimann, 45, is head of infrastructure, community and IT and a member of the group govt board.

Consolidated working revenue earlier than depreciation and amortisation (EBITDA) elevated by 2.2% to 4.48 billion Swiss francs in 2021 together with non-recurring objects. EBITDA rose 1.4% on a like-for-like foundation, it mentioned in an announcement.

Net revenue rose a fifth to 1.83 billion, up 20% on the prior-year stage primarily resulting from non-recurring objects.

Revenue elevated 0.7% year-on-year to 11.18 billion as its Fastweb enterprise in Italy and gross sales to enterprise prospects helped offset a income decline in its robust house market.

For 2022, Swisscom expects income of 11.1 billion-11.2 billion francs, EBITDA of round 4.4 billion and capital expenditure of round 2.3 billion.

If it hits its targets, Swisscom will suggest an unchanged dividend of twenty-two francs per share, it mentioned.

In October, the state-controlled former telecoms monopoly trimmed its 2021 gross sales outlook, citing a assessment of its fibre-optic partnership with Salt and exchange-rate strikes.

(Reporting by Michael Shields; Editing by Miranda Murray)



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