The company reported solid Q2 16 results. Revenues increased marginally by 0.7% to CHF2.88bn. EBITDA improved 5.9% to CHF1.15bn and the EBITDA margin increased from 37.8% to 39.7%. EBIT improved 7% to CHF600m, beating our expectations. We estimated an EBIT of CHF535m. The EBIT margin increased from 19.6% to 20.8%. Net income declined 2.1% to CHF424m due to higher financial expenses. In the first six months, revenues remained flat at around CHF5.77bn. EBITDA, however, increased 4.4% to CHF2.23
18 Aug 2016
Solid numbers with some excitement in Italy
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Solid numbers with some excitement in Italy
Swisscom AG (0QKI:LON) | 0 0 0.7% | Mkt Cap: 26,585m
- Published:
18 Aug 2016 -
Author:
Heinz Steffen -
Pages:
2
The company reported solid Q2 16 results. Revenues increased marginally by 0.7% to CHF2.88bn. EBITDA improved 5.9% to CHF1.15bn and the EBITDA margin increased from 37.8% to 39.7%. EBIT improved 7% to CHF600m, beating our expectations. We estimated an EBIT of CHF535m. The EBIT margin increased from 19.6% to 20.8%. Net income declined 2.1% to CHF424m due to higher financial expenses. In the first six months, revenues remained flat at around CHF5.77bn. EBITDA, however, increased 4.4% to CHF2.23