Trade Swisscom AG - SCMN CFD

Swisscom Company profile

About Swisscom AG

Swisscom AG is a holding company. The Company, through its subsidiaries, provides telecommunication services in Switzerland and Italy. The Company's segments include Swisscom Switzerland, Fastweb, Other Operating Segments and Group Headquarters. Swisscom Switzerland comprises the customer segments, Residential Customers, Enterprise Customers and Wholesale, as well as the information technology (IT), Network and Infrastructure division. Fastweb is an alternative service provider in the Italian fixed-network market for both residential and business customers. The Other Operating Segments includes the Digital Business unit, as well as Participations and Subsidiaries in the areas of payment solutions, network construction and maintenance, radio transmitters, energy management and event solutions. Group Headquarters includes Group Business Steering, Group Strategy and Board Services, Group Communications and Responsibility, Group Security, Group Human Resources and Worklink AG.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Swisscom AG revenues increased 1% to SF11.18B. Net income increased 20% to SF1.83B. Revenues reflect Fastweb segment increase of 5% to SF2.58B, Italy segment increase of 5% to SF2.58B, Other countries segment increase of 21% to SF29M. Net income benefited from Elimination segment loss decrease of 80% to SF20M, Fastweb segment income increase of 19% to SF197M. Dividend per share remained flat at SF22.00.