Swisscom AG (ADR) ( (SCMWY) ) has released its Q4 earnings. Here is a breakdown of the information Swisscom AG (ADR) presented to its investors.
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Swisscom AG is a leading telecommunications company in Switzerland, offering a range of services including mobile, fixed-line, broadband, and digital television, and is known for its commitment to innovation and sustainability.
In its latest earnings report, Swisscom AG showcased significant growth, with an impressive annual profit of CHF 3,003 million in 2024, up from CHF 271 million in 2023. The company’s robust financial performance is reflected in its strong balance sheet, with total assets increasing to CHF 24,243 million from CHF 14,033 million the previous year.
Key highlights from the report include a notable rise in income from participations, contributing CHF 3,021 million compared to CHF 263 million in the previous year. This was complemented by a substantial increase in financial income, which grew to CHF 159 million from CHF 132 million. However, the company also saw a rise in financial expenses, which increased to CHF 152 million from CHF 107 million.
Despite the rising expenses, Swisscom AG’s strategic investments and asset management have resulted in solid equity growth, which now stands at CHF 8,903 million, up from CHF 7,039 million in 2023. The company continues to maintain a significant cash reserve, with cash and cash equivalents surging to CHF 1,386 million from CHF 81 million.
Looking ahead, Swisscom AG remains confident in its financial strategy and operational capabilities. The management anticipates continued growth and profitability, supported by the innovative services and solutions it offers in the competitive telecommunications market.
