Outlook
The financial outlook for 2017 in terms of revenue and capital expenditure remains unchanged. Swisscom expects to close the financial year with net revenue of around CHF 11.6 billion and capital expenditure in the region of CHF 2.4 billion. EBITDA is expected to increase from around CHF 4.2 billion to roughly CHF 4.3 billion, taking into account Fastweb’s one-off income recorded in the second quarter of 2017. For Swisscom (excluding Fastweb), a slight decline in revenue is expected due to continued intensive competition and price pressure compared to last year. A slight increase in revenue is expected for Fastweb. EBITDA for Swisscom (excluding Fastweb) is expected to be unchanged at around CHF 100 million lower year-on-year. The reduction in EBITDA is attributable to price pressure and declines in the number of fixed-line connections. The costs for roaming are also expected to increase. EBITDA will be positively affected by cost savings. Adjusted for one-off income from legal disputes, Fastweb’s EBITDA is expected to be slightly higher. Capital expenditure is expected to remain on par with the prior year, with figures slightly lower in Switzerland and somewhat higher at Fastweb. Subject to achieving its targets, Swisscom will propose payment of an unchanged, attractive dividend of CHF 22 per share for the 2017 financial year at the 2018 Annual General Meeting.