Swisscom 2025 net income falls on Vodafone Italia acquisition costs

Swisscom AG

12/02/2026 06:27

Overview

Switzerland telecom firm's 2025 revenue up 36.6% due to Vodafone Italia acquisition

Net income fell 17.6% yr/yr, impacted by Vodafone Italia acquisition costs

Company proposes 18% dividend increase to CHF 26 per share for 2025

Outlook

Swisscom expects 2026 revenue of CHF 14.7-14.9 bln

Company plans 2026 EBITDAaL of CHF 5.0-5.1 bln

Swisscom aims for 2026 operating free cash flow of around CHF 2.0 bln

Result Drivers

VODAFONE ITALIA ACQUISITION - Revenue increased by 36.6% due to the acquisition of Vodafone Italia, with integration progressing as planned

CYBERSECURITY AND AI INNOVATION - Swisscom set new standards in cybersecurity and expanded AI services, enhancing customer satisfaction and network performance

SUSTAINABILITY EFFORTS - Swisscom is pursuing net zero by 2035, focusing on decarbonizing supply chains and investing in renewable energies

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
CHF 15.05 bln
FY Net Income
CHF 1.27 bln
FY Capex
CHF 3.06 bln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 6 "hold" and 9 "sell" or "strong sell"

The average consensus recommendation for the integrated telecommunications services peer group is "buy."

Wall Street's median 12-month price target for Swisscom AG is CHF530.00, about 21.3% below its February 11 closing price of CHF673.50

The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 23 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)