Full Year 2025 Swisscom AG Earnings Call Transcript

Feb 12, 2026 / 08:30 AM GMT

Release Date Price: €75 (+2.74%)

Transcript

Key Points

Positve

Swisscom AG (SCMWY) confirmed a dividend increase of 18% to CHF26 per share, marking the first increase in over 10 years.
The company maintained a sector-leading credit rating of A2 despite new debt financing and the integration of Vodafone Italy.
Swisscom AG (SCMWY) was voted the strongest telco brand in Switzerland and won all service tests in shop, hotline, and network categories.
The integration of Vodafone and Fastweb in Italy is ahead of schedule, with synergies being realized faster than planned.
The company achieved stable operating free cash flow in both Switzerland and Italy, despite a transition year with many moving parts in Italy.

Negative

Swisscom AG (SCMWY) experienced a decline in telco service revenues in both Switzerland and Italy, impacting overall revenue.
The company faces ongoing price pressure in the telco market, which affects revenue growth.
There is a continued erosion of B2B service revenue in Switzerland, with expectations of further decline in the short to medium term.
The Italian market remains highly competitive, with strong competition affecting telco service revenue stabilization efforts.
The transition from MPLS to SD1 in Switzerland is expected to continue impacting revenue negatively until the migration is complete.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SCMN.S - Swisscom AG
Full Year 2025 Swisscom AG Earnings Call
Feb 12, 2026 / 08:30AM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to Swissom's full year results presentation 2025. My name is Louis Schmidt, head of investor relations, and with me our CEO Christoph Eshlemann.

Our CFO Ergen Sternmetz and Walter Renna CEO Faucet Vodafone.

Let us now start the meeting with the agenda for today on page 2.

As you can see, Christoph presents the first three chapters achievements.

Where he dives into some of last year's highlights, commercially, operationally, and financially, strategy update where he presents Swissom's framework, lead, innovate, perform to grow free cash flow, and the review of our business in Switzerland covering achievements 2025 and our focus 2026.

Then Walter Renna, COO of Vodafone, reviews our business

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