Reported Earnings • May 07
First quarter 2026 earnings released: EPS: CHF6.41 (vs CHF7.08 in 1Q 2025) First quarter 2026 results: EPS: CHF6.41 (down from CHF7.08 in 1Q 2025). Revenue: CHF3.61b (down 4.1% from 1Q 2025). Net income: CHF332.0m (down 9.5% from 1Q 2025). Profit margin: 9.2% (in line with 1Q 2025). Revenue is forecast to stay flat during the next 3 years compared to a 2.4% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Board Change • Apr 23
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Philippe Deecke was the last independent director to join the board, commencing their role in 2026. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 20
Upcoming dividend of CHF26.00 per share Eligible shareholders must have bought the stock before 27 March 2026. Payment date: 31 March 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.8%. Within top quartile of Swiss dividend payers (3.6%). In line with average of industry peers (4.2%). Announcement • Feb 19
Swisscom AG, Annual General Meeting, Mar 25, 2026 Swisscom AG, Annual General Meeting, Mar 25, 2026, at 13:30 W. Europe Standard Time. Declared Dividend • Feb 15
Dividend increased to CHF26.00 Dividend of CHF26.00 is 18% higher than last year. Ex-date: 27th March 2026 Payment date: 31st March 2026 Dividend yield will be 3.7%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is not covered by earnings (106% earnings payout ratio). However, it is well covered by cash flows (45% cash payout ratio). The dividend has increased by an average of 1.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 18% to bring the payout ratio under control. EPS is expected to grow by 24% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Board Change • Feb 13
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Monique Bourquin was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 13
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: CHF24.54 (down from CHF29.77 in FY 2024). Revenue: CHF15.0b (up 36% from FY 2024). Net income: CHF1.27b (down 18% from FY 2024). Profit margin: 8.4% (down from 14% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.9%. Revenue is forecast to stay flat during the next 3 years compared to a 1.9% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Feb 13
Swisscom AG announces Annual dividend, payable on March 31, 2026 Swisscom AG announced Annual dividend of CHF 26.0000 per share payable on March 31, 2026, ex-date on March 27, 2026 and record date on March 30, 2026. Reported Earnings • Nov 07
Third quarter 2025 earnings: EPS misses analyst expectations Third quarter 2025 results: EPS: CHF7.01 (down from CHF8.63 in 3Q 2024). Revenue: CHF3.73b (up 37% from 3Q 2024). Net income: CHF363.0m (down 19% from 3Q 2024). Profit margin: 9.7% (down from 16% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.3%. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Aug 10
Second quarter 2025 earnings: EPS misses analyst expectations Second quarter 2025 results: EPS: CHF5.00 (down from CHF7.35 in 2Q 2024). Revenue: CHF3.69b (up 34% from 2Q 2024). Net income: CHF259.0m (down 32% from 2Q 2024). Profit margin: 7.0% (down from 14% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 30%. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Reported Earnings • May 09
First quarter 2025 earnings: EPS misses analyst expectations First quarter 2025 results: EPS: CHF7.08 (down from CHF8.78 in 1Q 2024). Revenue: CHF3.76b (up 39% from 1Q 2024). Net income: CHF367.0m (down 19% from 1Q 2024). Profit margin: 9.8% (down from 17% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.3%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 2% per year. Upcoming Dividend • Mar 21
Upcoming dividend of CHF22.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 01 April 2025. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 4.2%. Within top quartile of Swiss dividend payers (4.0%). In line with average of industry peers (4.0%). Announcement • Feb 20
Swisscom AG, Annual General Meeting, Mar 26, 2025 Swisscom AG, Annual General Meeting, Mar 26, 2025, at 13:30 W. Europe Standard Time. Declared Dividend • Feb 15
Dividend of CHF22.00 announced Dividend of CHF22.00 is the same as last year. Ex-date: 28th March 2025 Payment date: 1st April 2025 Dividend yield will be 4.4%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is covered by both earnings (74% earnings payout ratio) and cash flows (67% cash payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. EPS is expected to grow by 5.9% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 14
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: CHF29.77 (down from CHF33.03 in FY 2023). Revenue: CHF11.0b (flat on FY 2023). Net income: CHF1.54b (down 9.9% from FY 2023). Profit margin: 14% (down from 16% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.6%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 3% per year. New Risk • Feb 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. Minor Risk High level of debt (45% net debt to equity). New Risk • Jan 08
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risk High level of debt (45% net debt to equity). New Risk • Dec 17
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.08% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.08% per year for the foreseeable future. Minor Risk High level of debt (45% net debt to equity). Reported Earnings • Nov 01
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: EPS: CHF8.63 (down from CHF8.94 in 3Q 2023). Revenue: CHF2.72b (down 1.2% from 3Q 2023). Net income: CHF447.0m (down 3.5% from 3Q 2023). Profit margin: 16% (in line with 3Q 2023). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 5.8%. Revenue is forecast to stay flat during the next 3 years compared to a 2.3% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 2% per year. New Risk • Aug 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risk High level of debt (51% net debt to equity). Reported Earnings • Aug 02
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: EPS: CHF7.36 (down from CHF7.84 in 2Q 2023). Revenue: CHF2.75b (up 1.8% from 2Q 2023). Net income: CHF381.0m (down 6.2% from 2Q 2023). Profit margin: 14% (down from 15% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 4.7%. Revenue is forecast to stay flat during the next 3 years compared to a 2.0% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has remained flat. New Risk • Jun 02
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. Minor Risk High level of debt (44% net debt to equity). Reported Earnings • May 02
First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2024 results: EPS: CHF8.78 (up from CHF8.53 in 1Q 2023). Revenue: CHF2.70b (down 1.6% from 1Q 2023). Net income: CHF455.0m (up 2.9% from 1Q 2023). Profit margin: 17% (in line with 1Q 2023). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 9.9%. Revenue is forecast to stay flat during the next 3 years compared to a 1.9% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has remained flat. New Risk • Mar 27
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.02% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.02% per year for the foreseeable future. Minor Risk High level of debt (47% net debt to equity). Upcoming Dividend • Mar 26
Upcoming dividend of CHF22.00 per share Eligible shareholders must have bought the stock before 02 April 2024. Payment date: 04 April 2024. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 4.1%. Within top quartile of Swiss dividend payers (4.0%). In line with average of industry peers (4.5%). Announcement • Mar 08
Swisscom AG (SWX:SCMN) acquired unknown majority stake in Camptocamp SA . Swisscom AG (SWX:SCMN) acquired unknown majority stake in Camptocamp SA on March 7, 2024. Camptocamp will continue to operate as an independent company and work with its existing customers as usual. Swisscom AG (SWX:SCMN) completed the acquisition of unknown majority stake in Camptocamp SA on March 7, 2024. Declared Dividend • Feb 11
Dividend of CHF22.00 announced Dividend of CHF22.00 is the same as last year. Ex-date: 2nd April 2024 Payment date: 4th April 2024 Dividend yield will be 4.4%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is covered by both earnings (67% earnings payout ratio) and cash flows (65% cash payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. EPS is expected to grow by 1.4% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 08
Full year 2023 earnings released: EPS: CHF33.03 (vs CHF30.93 in FY 2022) Full year 2023 results: EPS: CHF33.03 (up from CHF30.93 in FY 2022). Revenue: CHF11.1b (flat on FY 2022). Net income: CHF1.71b (up 6.8% from FY 2022). Profit margin: 16% (up from 14% in FY 2022). Revenue is forecast to stay flat during the next 3 years compared to a 1.7% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 2% per year. Announcement • Dec 22
Swisscom Reportedly in Talks to Purchase Vodafone's Troubled Italian Arm Swisscom AG (SWX:SCMN) is weighing an offer for Vodafone Group Public Limited Company (LSE:VOD)’s Italian business early next year, potentially countering a rival bid from Iliad SA for the unit, people familiar with the matter said. The possible deal would combine Vodafone’s mobile service with Swisscom’s Fastweb SpA fiber broadband carrier in the country, the people said, asking not to be identified because the deliberations are private. Swisscom and Vodafone are in talks to discuss the terms and a formal bid could be announced as soon as next month, they said. No final decisions have been made and Swisscom may decide against an offer. Announcement • Dec 20
Swisscom AG Announces Executive Changes Swisscom AG has appointed Myriam Kaeser as the new head of corporate communications (CCO), effective from 01 June next year. Kaeser succeeds Stefan Nuenlist, who will step down from the position on 31 May. In her new role, Kaeser will be responsible for internal and external communications, sponsorship, public affairs, brand management and corporate responsibility. Reported Earnings • Nov 02
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: CHF8.94 (up from CHF8.28 in 3Q 2022). Revenue: CHF2.75b (flat on 3Q 2022). Net income: CHF463.0m (up 7.9% from 3Q 2022). Profit margin: 17% (up from 16% in 3Q 2022). Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 4.8%. Revenue is forecast to stay flat during the next 3 years compared to a 1.9% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 3% per year. New Risk • Aug 08
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risk High level of debt (60% net debt to equity). Reported Earnings • Aug 06
Second quarter 2023 earnings: EPS misses analyst expectations Second quarter 2023 results: EPS: CHF7.84 (up from CHF6.51 in 2Q 2022). Revenue: CHF2.70b (flat on 2Q 2022). Net income: CHF406.0m (up 21% from 2Q 2022). Profit margin: 15% (up from 12% in 2Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.8%. Revenue is forecast to stay flat during the next 3 years compared to a 2.2% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 3% per year. Announcement • Jun 24
Swisscom AG (SWX:SCMN) acquired Axept Business Software AG. Swisscom AG (SWX:SCMN) acquired Axept Business Software AG on June 19, 2023.Swisscom AG (SWX:SCMN) completed the acquisition of Axept Business Software AG on June 19, 2023. Buying Opportunity • May 10
Now 21% undervalued Over the last 90 days, the stock is up 5.0%. The fair value is estimated to be CHF748, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 0.5% per annum. Earnings is forecast to decline by 3.5% per annum over the same time period. Reported Earnings • May 05
First quarter 2023 earnings: Revenues in line with analyst expectations First quarter 2023 results: Revenue: CHF2.75b (flat on 1Q 2022). Net income: CHF442.0m (down 1.1% from 1Q 2022). Profit margin: 16% (in line with 1Q 2022). Revenue was in line with analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 1.9% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Board Change • Apr 20
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Monique Bourquin was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buying Opportunity • Apr 15
Now 20% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be CHF749, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 0.4% per annum. Earnings is also forecast to grow by 2.4% per annum over the same time period. Upcoming Dividend • Mar 23
Upcoming dividend of CHF22.00 per share at 3.7% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 03 April 2023. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Swiss dividend payers (4.3%). Lower than average of industry peers (4.3%). Announcement • Feb 15
Swisscom AG Appoints Isa Mueller-Wegner as Head of Strategy Business Development, Effective on 01 June 2023 Swisscom AG has appointed Isa Mueller-Wegner to the newly created position of head of Strategy Business Development, effective on 01 June 2023. Mueller-Wegner has worked for the past three years as executive vice president at investment firm Bain Capital, managing its private equity portfolio. Reported Earnings • Feb 12
Full year 2022 earnings released: EPS: CHF30.93 (vs CHF35.37 in FY 2021) Full year 2022 results: EPS: CHF30.93 (down from CHF35.37 in FY 2021). Revenue: CHF11.1b (flat on FY 2021). Net income: CHF1.60b (down 13% from FY 2021). Profit margin: 14% (down from 16% in FY 2021). Revenue is forecast to stay flat during the next 3 years compared to a 2.3% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has remained flat. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 2 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Chairman of the Board Michael Rechsteiner was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Nov 11
Goldbach Group AG agreed to acquire Adunit Ag from Swisscom AG (SWX:SCMN). Goldbach Group AG agreed to acquire Adunit Ag from Swisscom AG (SWX:SCMN) on November 9, 2022. Reported Earnings • Oct 28
Third quarter 2022 earnings: EPS exceeds analyst expectations Third quarter 2022 results: EPS: CHF8.28 (down from CHF9.46 in 3Q 2021). Revenue: CHF2.73b (down 1.1% from 3Q 2021). Net income: CHF429.0m (down 12% from 3Q 2021). Profit margin: 16% (down from 18% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.6%. Revenue is forecast to stay flat during the next 3 years compared to a 2.6% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 1% per year.