ZURICH – Swisscom named Christoph Aeschlimann as new chief executive on Thursday to succeed Urs Schaeppi when he steps down on June 1 after nine years in the post, the company said as it reported results.
Aeschlimann, 45, is head of infrastructure, network and IT and a member of the group executive board.
Consolidated operating income before depreciation and amortisation (EBITDA) increased by 2.2% to 4.48 billion Swiss francs in 2021 including non-recurring items. EBITDA rose 1.4% on a like-for-like basis, it said in a statement.
Net income rose a fifth to 1.83 billion, up 20% on the prior-year level primarily due to non-recurring items.
Revenue increased 0.7% year-on-year to 11.18 billion as its Fastweb business in Italy and sales to business customers helped offset a revenue decline in its tough home market.
For 2022, Swisscom expects revenue of 11.1 billion-11.2 billion francs, EBITDA of around 4.4 billion and capital expenditure of around 2.3 billion.
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If it hits its targets, Swisscom will propose an unchanged dividend of 22 francs per share, it said.
In October, the state-controlled former telecoms monopoly trimmed its 2021 sales outlook, citing a review of its fibre-optic partnership with Salt and exchange-rate moves.
(Reporting by Michael Shields; Editing by Miranda Murray)