Swisscom nine-month revenue falls, raises 2026 operating free cash flow outlook

Swisscom AG

Yesterday 06:29

Overview
Switzerland telecom group's nine-month revenue fell 2.1% yr/yr to CHF 10.94 bln
Net income for the period rose 2.4% to CHF 1.01 bln
Operating free cash flow climbed 14.5% on an adjusted basis

Outlook
Swisscom confirms 2026 revenue guidance at CHF 14.7-14.9 bln
Company expects 2026 EBITDAaL of CHF 5.0-5.1 bln
Swisscom raises 2026 operating free cash flow outlook to above CHF 2.0 bln

Result Drivers
COST EFFICIENCY - Co said higher profitability in Switzerland was driven by cost-efficiency measures and increased IT business contribution
SYNERGIES IN ITALY - Italian segment's profitability improved mainly due to cost synergies
VALUE STRATEGY ITALY - Co said its value strategy in Italy helped stabilise key indicators, including moderating revenue decline and stable mobile ARPU

Company press release: Full Story

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
9M Revenue
 
CHF 10.94 bln
 
9M Net Income
 
CHF 1.01 bln
 
9M Capex
 
CHF 2.04 bln
 

Analyst Coverage
The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", 8 "hold" and 10 "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 CHF605.00, about 14.9% below its November 4 closing price of CHF711.00
The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 22 three months ago

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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.)