Fribourg, 04 April 2013
The 15th Annual General Meeting of Swisscom Ltd in Fribourg was attended by 1,125 shareholders, representing 85.9% of the voting shares. As at the end of 2012 there were approximately 68,000 registered Swisscom shareholders.
According to the Chairman of the Board of Directors, Hansueli Loosli, Swisscom can look back on a successful year:”Despite strong price and competition pressure we were able to keep both revenue and operating income essentially stable on a like-for-like basis and expand our market position. In Switzerland, as in previous years, growth was driven primarily by Internet access and TV business, with a large number of new customers acquired in both areas. 2012 was also characterised by a high level of investment in the fibre-optic network and the new 4G/LTE mobile technology. We also launched various new offerings and price plans such as Natel Infinity for unlimited calls and surfing. Our Italian subsidiary Fastweb is back on track.”
The shareholders approved the annual report, financial statements and consolidated financial statements for 2012 and followed the Board of Directors' recommendation to set the ordinary dividend per share at CHF 22 gross, the same as in the previous year. The dividend yield, based on the current share price, is around 5%. The total dividend amounts to CHF 1,140 million. A net dividend of CHF 14.30 per share will be paid out to shareholders on 11 April 2013 after deduction of Swiss withholding tax of 35%.
At the current CHF/EUR exchange rate of 1.23, Swisscom expects revenue of CHF 11.3 billion, EBITDA of at least CHF 4.25 billion and capital expenditure of CHF 2.4 billion for 2013. “If the targets are met, Swisscom again plans to propose a dividend of CHF 22 per share for the 2013 financial year at the 2014 Annual General Meeting,” said Hansueli Loosli.
Discharge was granted to the members of the Board of Directors and Group Executive Board for the 2012 financial year. In a consultative vote, the meeting unanimously approved the Remuneration Report.
Hansueli Loosli, Michel Gobet, Torsten G. Kreindl and Theophil Schlatter were each re-elected for a further two-year term of office. Richard Roy was re-elected for further one-year term of office. The Federal Council last week re-elected Hans Werder as its representative on the Board of Directors. In accordance with the Articles of Incorporation, the government’s representative on the Board of Directors of Swisscom Ltd is appointed not by the Annual General Meeting but by the government itself.