2020 targets achieved, revenue slightly below previous year, strong operating result

In a challenging environment, Swisscom 2020 operated successfully and achieved a strong operating result with slightly lower revenue. The success is all the more remarkable given that, as a result of COVID-19, 80% of employees worked from home. In the Swiss market, which is characterised by price erosion, we achieved success with the bundled offers inOne, the new entertainment experience blue and Smart Home. Once again, we won all relevant network tests and are pleased to report a high level of customer satisfaction. We also made gains among business customers with cloud and security solutions. Fastweb in Italy again grew impressively in all segments. To replace the retiring Chairman Hansueli Loosli, the Board of Directors proposes Michael Rechsteiner to the Annual General Meeting and Guus Dekkers as a new member.