News Summary:
Swisscom will overhaul its governance structure in Switzerland, effective January 1, 2027, to mirror the model established for Vodafone Italia, acquired in 2024. This change includes the appointment of a dedicated CEO, Dirk Wierzbitzki, and CFO, Rolf Stettler, for its Swiss operations. Earlier on August 7, Swisscom Switzerland announced its expansion with a new operational site in Lisbon, Portugal, slated to begin operations in 2027 with an initial team of 40 employees, growing to approximately 200. This hub will handle specialized technology and business functions, including IT services, software development, and finance operations, joining existing international locations in Riga and Rotterdam. Previously, on August 6, Swisscom reported its earnings results for the half-year ended June 30, 2026. The company posted sales of CHF 7,221 million, down from CHF 7,446 million a year ago, but net income rose to CHF 669 million from CHF 626 million. Basic earnings per share from continuing operations reached CHF 12.92, up from CHF 12.08. During the second quarter, EBITDA increased by 6.1% to CHF 1.269 billion, driven by synergies in Italy and cost savings in Switzerland, while operating free cash flow climbed 23.9% to CHF 608 million, leading the company to confirm its full-year guidance.
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