Swisscom Ag Ittigen R/Shs (SWZCF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to Swisscom's Q1 26 results presentation. My name is Louis Schmidt, Head of Investor Relations, and with me are our CEO, Christoph Eschkeman, and Erving Stenmetz, our Chief Financial Officer. Let's now move to page two with the agenda of today. As you can see, our CEO starts presentation with chapter one, achievement, and a quick overview on the Q1 highlights, the operational and financial performances of the first quarter. Then in Chapter 2, Christoph presents the business update for Switzerland and Italy. In the second part of today's results presentation, Eugen runs you through Chapter 3 with our Q1 financials, including the confirmation of our full-year guidance. With that, I would like to hand over to Christoph to start his part. Christoph. Thank you, Louis, and welcome also from my side to this Q1 2026 course. I will move directly to page number four, highlighting our key achievements of this quarter with a consistent delivery reinforcing our position as the customer's preferred choice. I am pleased to announce that the operational results on the group level are as expected. We have sound financials with operating free cash flow ahead of consensus. However, we would like to highlight that this is mainly due to intra-quarter phasing during 2026, and we expect a result on a full year basis as guided. In Switzerland, I would like to highlight the successful price increase execution, which I will detail a bit more later on, and the improved B2B IT profitability that we have achieved during the first quarter. In Italy, the integration of Vodafone Italia is on track. Synergies are coming in as expected. and we are continuing on our turnaround of the B2C business to move from volume to value. And I will talk a bit in mor...