Anti-competitive behaviour

We are subject to a range of Swiss laws and regulations in respect of anti-competitive behaviour, including the Swiss Cartel Act and the Swiss Price Surveillance Act.

We are committed to fair and open competition in all markets where we operate, and to complying with applicable Swiss competition and price surveillance laws, supported by our CoC. To raise awareness, our GCO delivers regular training sessions to employees in market-facing roles and senior positions, equipping them to make informed decisions about their business activities.

The risk of anti-competitive behaviour is evaluated annually at group level as part of the ERM process, with appropriate mitigation measures in place. Given the market success and strength of our business, there is a risk that authorities could consider SMG to be dominant or to hold (relative) market power in one or more markets in Switzerland in which we are active with our verticals.

We do not believe that we have market power (within the meaning of the Price Surveillance Act) nor a dominant position or relative market power (as defined in the Cartel Act) in any market in which we are active with our verticals, and to date no authority has issued a decision according to which we hold any such power or position. As a precautionary measure, we nevertheless strive to conduct our business under the assumption that we may be subject to the special obligations that would arise if we held such power or position.

Since our founding in 2021, we have had interactions with relevant authorities in respect of our business activities. Certain of these interactions are ongoing and certain have been concluded. No final judgements or fines related to anti-competitive behaviour were issued in the reporting period.