[ad_1]
When a company talks about "solid result", the exercise was generally worse. This is also true for Swisscom 2018. The end result is that it results in fewer profits and fewer staff.
Swisscom has maintained its stable turnover over the last year, but is making less than the average. The austerity program will continue as planned. In total, Swisscom cut 541 jobs in 2018.
In 2018, Swisscom announced an increase in sales of CHF 11.71 billion, an increase of 0.4%. This is mainly due to foreign countries. The net profit is a net profit of 1.52 billion euros, down 3.0%, as announced Thursday by the company. As usual, shareholders should receive a dividend of CHF 22 per share.
Business in Switzerland is declining
The results are solid given the difficult market environment, commented the company. Swisscom suffered from headwinds, particularly its core business, which fell by 2.7%. In Italy, by contrast, sales increased by 8.2% in the reference currency, the euro.
Swisscom explains the decline in the group's earnings due mainly to various special effects and the monetary situation. In particular, income from court proceedings was transferred the previous year. On a comparable basis, operating profit was down only 0.8%, he added.
A little less places
To counter the competitive pressure, a program of austerity is well known. Its targets were exceeded in 2018. In 2018, the workforce in Switzerland was reduced by 541 full-time positions, according to figures.
The austerity program, which aims to save 100 million people a year by 2020, will continue as planned. The company therefore expects a slight decline in job offers in Switzerland in 2019.
With regard to the 2019 financial year, Swisscom is cautious in the face of fierce competition and price pressure. A turnover of about 11.4 billion francs and investments of about 2.3 billion euros (2018: 2.4 billion) are expected. (SDA / KOH)
Source link
