Strong today – even stronger tomorrow

CEO Christoph Aeschlimann

Swisscom is on track and has posted solid results. Thanks to efficiency improvement measures, we have been able to compensate for half of the decline in revenue in the Swiss core business. Once again, we have made gains in IT services for business customers. Another highlight is our victories in all the relevant network and service tests. In terms of network expansion, we have reached another key milestone by connecting over half of all Swiss households and businesses with optical fibre. We have achieved another significant step in innovation with the new AI platform for business customers in Switzerland and Italy. Fastweb continues to grow and, together with newly acquired mobile network operator Vodafone Italia, is set to become the second-largest telecom service provider in Italy. Due to integration costs, the Group results remain slightly below those of the previous year, with debt ratio remaining unchanged. As a consequence of the acquisition of Vodafone Italia, we are making some adjustments to the organisation. From April onwards, Swisscom will be managed by a Group Executive Committee and one Executive Committee each for Switzerland and Italy. We are also proposing to the Annual General meeting that Laura Cioli be added to the Board of Directors. The preliminary outlook is positive, with an EBITDAaL of around CHF 5 billion and a higher dividend of CHF 26 per share.