Swisscom 2022 net profit falls 12.5%; sees higher 2023 EBITDA

Swisscom on Thursday reported full-year net income of 1.6 billion Swiss francs, down 12.5% from a year earlier, as the former state telecoms monopoly faced pressures from rising inflation and supply chain bottlenecks.

Operating income before depreciation and amortisation (EBITDA) fell 1.6% to 4.406 billion francs, it said, forecasting rise in that measure to between 4.6-4.7 billion francs in 2023.