Swisscom trims 2020 sales guidance as H1 revenue slips

ZURICH: Swisscom trimmed its 2020 revenue forecast on Thursday as COVID-19 weighs on roaming volume, while keeping its targets for core profit and capital spending intact and maintaining its dividend plans.

State-controlled Swisscom, the country’s dominant telecoms player, still expects earnings before interest, tax, depreciation and amortisation (EBITDA) of around 4.3 billion Swiss francs ($4.72 billion) and capital expenditure of around 2.3 billion this year, it said.