August 20, 2014 / 5:35 AM / 3 years ago

Swisscom raises full-year profit guidance

ZURICH, Aug 20 (Reuters) - Telecoms group Swisscom nudged up its guidance for full-year core profit on Wednesday, as a rising number of customers offset falling prices and helped it post better-than-expected profit in the second quarter.

Switzerland’s national telecoms operator now expects earnings before interest, tax, depreciation and amortisation (EBITDA) in excess of 4.4 billion Swiss francs ($4.84 billion) in 2014 compared to a previous forecast for EBITDA of 4.35 billion.

It confirmed its outlook for sales to rise to 11.5 billion francs and said it would propose a stable dividend of 22 francs per share for the 2014 financial year.

EBITDA for the second quarter came in at 1.12 billion francs, slightly ahead of the average forecast in a Reuters poll of 1.09 billion. (1 US dollar = 0.9098 Swiss franc) (Reporting by Caroline Copley)

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