Mobilezone Adjusts 2024 Earnings Forecast Amid One-Off Effects

Mobilezone Holding AG has revised its earnings forecast for 2024, largely due to underwhelming results in the second half. Expected sales are CHF 960 to 990 million, with adjusted EBIT projected at CHF 52 to 57 million, down from CHF 68 million. Despite these challenges, recurring sales could rise by 5.6% to CHF 143 million.

In Switzerland, there's a forecasted dip in mobile contract and accessory sales by nearly 10% and 5% respectively. However, the MVNO, B2B, and refurbishing sectors show positive developments, with an expected EBIT margin increase to 12.5% in 2024 from 11.7%.

Germany faces a downturn in profitability due to competitive pressures, with EBIT margins expected to fall to between 3.1% and 3.3%. New restructuring measures will incur CHF 2.4 million in costs but aim to enhance cost efficiency and profitability over the medium term.

Despite negative impacts, a dividend of CHF 0.90 per registered share is confirmed. The company eyes continued growth in Switzerland and Germany, alongside stable B2B operations.