Swisscom (SCMN) AGM 2025 summary

Opening remarks and agenda

• Warm welcome to shareholders, highlighting Swisscom's history of innovation and the focus on future advancements.

• Attendees invited to experience new products and AI-driven services at event stands.

• Formalities included confirmation of quorum, appointment of secretary, and introduction of board and auditors.

Financial performance review

• Net income for 2024 decreased by 0.3% to CHF 11 million; core business turnover at CHF 8 billion.

• Fastweb revenue increased by 6.7% to CHF 2.8 billion; operational profit (EBITDA) down 5.8% to CHF 4.4 billion.

• Net profit impacted by transaction costs, at CHF 1.5 billion, down 0.9%.

• CHF 2.3 billion invested in network infrastructure, with CHF 1.7 billion in Switzerland.

• Share price stable at CHF 204; dividend yield at 4.4%.

Board and executive committee updates

• Board expanded from nine to ten members to strengthen expertise in the Italian market.

• Laura Cioli proposed and elected as new board member, bringing extensive Italian telecom experience.

• Remuneration Committee re-elected; board and executive compensation structures explained.