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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Swisscom AG    SCMN   CH0008742519

SWISSCOM AG

(SCMN)
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Swisscom : Italy's Fastweb makes working from home a permanent option for staff

10/09/2020 | 12:08pm EST

MILAN, Oct 9 (Reuters) - Fastweb will let its workers decide whether they work from home or from its offices, the Italian telecoms group said on Friday after reaching a deal with unions to extend voluntary "smartworking" for all of its 3,000 employees in Italy.

Owned by Swisscom, Fastweb has reopened offices in nine Italian cities after coronavirus lockdowns. It had been one of the few companies in Italy promoting working from home or remotely, before this year's coronavirus crisis.

Fastweb said in a statement that it had agreed to maintain existing financial terms for all its employees, including benefits, although the agreement, which begins this month, does not include any extra contribution for those working from home.

The firm said it will trial the arrangement until the end of June next year, with the aim of making it permanent. (Reporting by Elvira Pollina; Editing by Alexander Smith)


© Reuters 2020
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Financials
Sales 2020 11 099 M 12 531 M 12 531 M
Net income 2020 1 447 M 1 633 M 1 633 M
Net Debt 2020 8 624 M 9 737 M 9 737 M
P/E ratio 2020 16,8x
Yield 2020 4,68%
Capitalization 24 352 M 27 471 M 27 494 M
EV / Sales 2020 2,97x
EV / Sales 2021 2,96x
Nbr of Employees 19 026
Free-Float 49,0%
Chart SWISSCOM AG
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Swisscom AG Technical Analysis Chart | SCMN | CH0008742519 | MarketScreener
Technical analysis trends SWISSCOM AG
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Average target price 494,17 CHF
Last Close Price 470,10 CHF
Spread / Highest target 34,0%
Spread / Average Target 5,12%
Spread / Lowest Target -27,7%
EPS Revisions
Managers and Directors
NameTitle
Urs Schäppi Chief Executive Officer
Hansueli Loosli Chairman
Mario Alois Rossi Chief Financial Officer
Christoph Aeschlimann Head-Information Technology & Network
Barbara Frei-Spreiter Director
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