Quarterly review 2017 and 2018
In CHF million, except where indicated |
1. quarter |
2. quarter |
3. quarter |
4. quarter |
2017 |
1. quarter |
2. quarter |
3. quarter |
4. quarter |
2018 |
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Income statement | ||||||||||||||||||||
Net revenue | 2,831 | 2,859 | 2,914 | 3,058 | 11,662 | 2,885 | 2,920 | 2,884 | 8,689 | |||||||||||
Direct costs | (606) | (607) | (698) | (810) | (2,721) | (704) | (692) | (723) | (2,119) | |||||||||||
Personnel expense | (753) | (738) | (695) | (816) | (3,002) | (723) | (714) | (661) | (2,098) | |||||||||||
Other operating expense | (490) | (517) | (513) | (632) | (2,152) | (503) | (540) | (519) | (1,562) | |||||||||||
Capitalised self-constructed assets and other income | 91 | 190 | 86 | 141 | 508 | 103 | 111 | 107 | 321 | |||||||||||
Operating income (EBITDA) | 1,073 | 1,187 | 1,094 | 941 | 4,295 | 1,058 | 1,085 | 1,088 | 3,231 | |||||||||||
Depreciation and amortisation | (523) | (534) | (531) | (576) | (2,164) | (540) | (540) | (530) | (1,610) | |||||||||||
Operating income (EBIT) | 550 | 653 | 563 | 365 | 2,131 | 518 | 545 | 558 | 1,621 | |||||||||||
Net interest expense | (36) | (37) | (36) | (40) | (149) | (35) | (35) | (33) | (103) | |||||||||||
Other financial result | (13) | (12) | 16 | (2) | (11) | (6) | 6 | (3) | (3) | |||||||||||
Result of equity-accounted investees | (1) | (2) | (3) | (5) | (11) | (2) | 2 | 3 | 3 | |||||||||||
Income before income taxes | 500 | 602 | 540 | 318 | 1,960 | 475 | 518 | 525 | 1,518 | |||||||||||
Income tax expense | (127) | (136) | (110) | (19) | (392) | (96) | (110) | (99) | (305) | |||||||||||
Net income | 373 | 466 | 430 | 299 | 1,568 | 379 | 408 | 426 | 1,213 | |||||||||||
Attributable to equity holders of Swisscom Ltd | 373 | 467 | 430 | 300 | 1,570 | 381 | 409 | 427 | 1,217 | |||||||||||
Share attributable to non-controlling interests | – | (1) | – | (1) | (2) | (2) | (1) | (1) | (4) | |||||||||||
Earnings per share (in CHF) | 7.20 | 9.02 | 8.30 | 5.79 | 30.31 | 7.36 | 7.90 | 8.24 | 23.49 | |||||||||||
Net revenue | ||||||||||||||||||||
Swisscom Switzerland | 2,246 | 2,241 | 2,250 | 2,321 | 9,058 | 2,206 | 2,194 | 2,191 | 6,591 | |||||||||||
Fastweb | 484 | 511 | 556 | 613 | 2,164 | 574 | 606 | 577 | 1,757 | |||||||||||
Other Operating segments | 187 | 210 | 215 | 238 | 850 | 197 | 228 | 229 | 654 | |||||||||||
Group Headquarters | – | 1 | 1 | (1) | 1 | – | 1 | – | 1 | |||||||||||
Intersegment elimination | (86) | (104) | (108) | (113) | (411) | (92) | (109) | (113) | (314) | |||||||||||
Total net revenue | 2,831 | 2,859 | 2,914 | 3,058 | 11,662 | 2,885 | 2,920 | 2,884 | 8,689 | |||||||||||
Segment result before depreciation and amortisation (EBITDA) | ||||||||||||||||||||
Swisscom Switzerland | 928 | 924 | 909 | 739 | 3,500 | 892 | 894 | 875 | 2,661 | |||||||||||
Fastweb | 155 | 279 | 194 | 217 | 845 | 167 | 195 | 198 | 560 | |||||||||||
Other Operating segments | 40 | 40 | 49 | 51 | 180 | 39 | 47 | 53 | 139 | |||||||||||
Group Headquarters | (26) | (21) | (24) | (40) | (111) | (22) | (31) | (20) | (73) | |||||||||||
Reconciliation to pension cost | (20) | (27) | (28) | (17) | (92) | (15) | (14) | (17) | (46) | |||||||||||
Intersegment elimination | (4) | (8) | (6) | (9) | (27) | (3) | (6) | (1) | (10) | |||||||||||
Total segment result (EBITDA) | 1,073 | 1,187 | 1,094 | 941 | 4,295 | 1,058 | 1,085 | 1,088 | 3,231 | |||||||||||
Capital expenditure in property, plant and equipment and intangible assets | ||||||||||||||||||||
Swisscom Switzerland | 357 | 362 | 364 | 571 | 1,654 | 311 | 400 | 391 | 1,102 | |||||||||||
Fastweb | 165 | 161 | 158 | 208 | 692 | 185 | 162 | 154 | 501 | |||||||||||
Other Operating segments | 11 | 13 | 15 | 19 | 58 | 8 | 11 | 12 | 31 | |||||||||||
Intersegment elimination | (4) | (8) | (7) | (7) | (26) | (3) | (5) | (5) | (13) | |||||||||||
Total capital expenditure | 529 | 528 | 530 | 791 | 2,378 | 501 | 568 | 552 | 1,621 | |||||||||||
Full-time equivalent employees at end of period | ||||||||||||||||||||
Swisscom Switzerland | 15,719 | 15,420 | 15,307 | 15,157 | 15,157 | 15,031 | 14,587 | 14,550 | 14,550 | |||||||||||
Fastweb | 2,503 | 2,494 | 2,509 | 2,504 | 2,504 | 2,510 | 2,483 | 2,470 | 2,470 | |||||||||||
Other Operating segments | 2,575 | 2,585 | 2,617 | 2,580 | 2,580 | 2,523 | 2,563 | 2,587 | 2,587 | |||||||||||
Group Headquarters | 282 | 276 | 271 | 265 | 265 | 262 | 262 | 243 | 243 | |||||||||||
Total full-time equivalent employees | 21,079 | 20,775 | 20,704 | 20,506 | 20,506 | 20,326 | 19,895 | 19,850 | 19,850 | |||||||||||
Operating free cash flow | 463 | 549 | 660 | 487 | 2,159 | 359 | 392 | 564 | 1,315 | |||||||||||
Net debt | 7,689 | 8,441 | 7,868 | 7,447 | 7,447 | 7,294 | 8,146 | 7,641 | 7,641 |
In CHF million, except where indicated |
1. quarter |
2. quarter |
3. quarter |
4. quarter |
2017 |
1. quarter |
2. quarter |
3. quarter |
4. quarter |
2018 |
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Swisscom Switzerland Revenue and results | ||||||||||||||||||||
Retail Customers | 673 | 677 | 688 | 664 | 2,702 | 655 | 659 | 662 | 1,976 | |||||||||||
Enterprise Customers | 121 | 122 | 122 | 119 | 484 | 113 | 118 | 114 | 345 | |||||||||||
Revenue mobile | 794 | 799 | 810 | 783 | 3,186 | 768 | 777 | 776 | 2,321 | |||||||||||
Retail Customers | 680 | 667 | 654 | 661 | 2,662 | 643 | 645 | 642 | 1,930 | |||||||||||
Enterprise Customers | 142 | 140 | 136 | 137 | 555 | 131 | 134 | 128 | 393 | |||||||||||
Revenue fixed-line | 822 | 807 | 790 | 798 | 3,217 | 774 | 779 | 770 | 2,323 | |||||||||||
Other revenue Enterprise Customers | 16 | 15 | 15 | 15 | 61 | 16 | 15 | 14 | 45 | |||||||||||
Total revenue telecoms services | 1,632 | 1,621 | 1,615 | 1,596 | 6,464 | 1,558 | 1,571 | 1,560 | 4,689 | |||||||||||
Solution business | 261 | 271 | 264 | 288 | 1,084 | 268 | 252 | 248 | 768 | |||||||||||
Merchandise | 147 | 145 | 142 | 214 | 648 | 170 | 163 | 171 | 504 | |||||||||||
Wholesale | 138 | 135 | 157 | 148 | 578 | 141 | 145 | 148 | 434 | |||||||||||
Other revenue | 49 | 50 | 49 | 55 | 203 | 49 | 43 | 45 | 137 | |||||||||||
Revenue from external customers | 2,227 | 2,222 | 2,227 | 2,301 | 8,977 | 2,186 | 2,174 | 2,172 | 6,532 | |||||||||||
Retail Customers | 1,497 | 1,481 | 1,478 | 1,515 | 5,971 | 1,456 | 1,448 | 1,457 | 4,361 | |||||||||||
Enterprise Customers | 586 | 599 | 586 | 631 | 2,402 | 584 | 576 | 562 | 1,722 | |||||||||||
Wholesale | 138 | 135 | 157 | 148 | 578 | 141 | 145 | 148 | 434 | |||||||||||
IT, Network & Infrastructure | 6 | 7 | 6 | 7 | 26 | 5 | 5 | 5 | 15 | |||||||||||
Revenue from external customers | 2,227 | 2,222 | 2,227 | 2,301 | 8,977 | 2,186 | 2,174 | 2,172 | 6,532 | |||||||||||
Segment result before depreciation and amortisation (EBITDA) | ||||||||||||||||||||
Retail Customers | 923 | 903 | 863 | 793 | 3,482 | 880 | 860 | 852 | 2,592 | |||||||||||
Enterprise Customers | 199 | 212 | 212 | 199 | 822 | 194 | 192 | 195 | 581 | |||||||||||
Wholesale | 104 | 103 | 123 | 116 | 446 | 109 | 114 | 119 | 342 | |||||||||||
IT, Network & Infrastructure | (298) | (294) | (288) | (370) | (1,250) | (290) | (273) | (291) | (854) | |||||||||||
Intersegment elimination | – | – | (1) | 1 | – | (1) | 1 | – | – | |||||||||||
Segment result (EBITDA) | 928 | 924 | 909 | 739 | 3,500 | 892 | 894 | 875 | 2,661 | |||||||||||
Margin as % of net revenue | 41.3 | 41.2 | 40.4 | 31.8 | 38.6 | 40.4 | 40.7 | 39.9 | 40.4 | |||||||||||
Fastweb, in EUR million | ||||||||||||||||||||
Residential Customers | 232 | 238 | 253 | 263 | 986 | 257 | 264 | 264 | 785 | |||||||||||
Corporate Business | 168 | 173 | 177 | 192 | 710 | 180 | 188 | 190 | 558 | |||||||||||
Wholesale | 51 | 57 | 58 | 74 | 240 | 53 | 66 | 49 | 168 | |||||||||||
Revenue from external customers | 451 | 468 | 488 | 529 | 1,936 | 490 | 518 | 503 | 1,511 | |||||||||||
Segment result (EBITDA) | 145 | 258 | 170 | 186 | 759 | 144 | 166 | 173 | 483 | |||||||||||
Margin as % of net revenue | 32.0 | 54.9 | 34.6 | 35.1 | 39.0 | 29.3 | 32.0 | 34.3 | 31.9 | |||||||||||
Capital expenditure in property, plant and equipment and intangible assets | 155 | 147 | 139 | 181 | 622 | 159 | 138 | 135 | 432 | |||||||||||
Broadband access lines in thousand | 2,400 | 2,411 | 2,421 | 2,451 | 2,451 | 2,483 | 2,500 | 2,518 | 2,518 | |||||||||||
Mobile access lines in thousand | 763 | 880 | 989 | 1,065 | 1,065 | 1,185 | 1,280 | 1,324 | 1,324 |
1. quarter |
2. quarter |
3. quarter |
4. quarter |
2017 |
1. quarter |
2. quarter |
3. quarter |
4. quarter |
2018 |
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Swisscom Switzerland Operational data in thousand | ||||||||||||||||||||
Access lines | ||||||||||||||||||||
Retail Customers | 2,063 | 1,982 | 1,911 | 1,840 | 1,840 | 1,779 | 1,730 | 1,684 | 1,684 | |||||||||||
Enterprise Customers | 234 | 226 | 217 | 207 | 207 | 198 | 176 | 162 | 162 | |||||||||||
Fixed telephony access lines | 2,297 | 2,208 | 2,128 | 2,047 | 2,047 | 1,977 | 1,906 | 1,846 | 1,846 | |||||||||||
Retail Customers | 1,950 | 1,951 | 1,962 | 1,976 | 1,976 | 1,988 | 1,991 | 1,993 | 1,993 | |||||||||||
Enterprise Customers | 38 | 38 | 38 | 38 | 38 | 37 | 37 | 37 | 37 | |||||||||||
Broadband access lines retail | 1,988 | 1,989 | 2,000 | 2,014 | 2,014 | 2,025 | 2,028 | 2,030 | 2,030 | |||||||||||
Retail Customers | 1,438 | 1,447 | 1,453 | 1,467 | 1,467 | 1,492 | 1,501 | 1,510 | 1,510 | |||||||||||
Swisscom TV access lines | 1,438 | 1,447 | 1,453 | 1,467 | 1,467 | 1,492 | 1,501 | 1,510 | 1,510 | |||||||||||
Postpaid Retail Customers | 3,306 | 3,315 | 3,334 | 3,375 | 3,375 | 3,381 | 3,379 | 3,385 | 3,385 | |||||||||||
Postpaid Enterprise Customers | 1,256 | 1,260 | 1,268 | 1,267 | 1,267 | 1,265 | 1,270 | 1,283 | 1,283 | |||||||||||
Postpaid mobile acces lines | 4,562 | 4,575 | 4,602 | 4,642 | 4,642 | 4,646 | 4,649 | 4,668 | 4,668 | |||||||||||
Prepaid Retail Customers | 2,039 | 2,018 | 1,980 | 1,995 | 1,995 | 1,986 | 1,966 | 1,922 | 1,922 | |||||||||||
Mobile access lines | 6,601 | 6,593 | 6,582 | 6,637 | 6,637 | 6,632 | 6,615 | 6,590 | 6,590 | |||||||||||
RGU Retail Customers | 10,796 | 10,713 | 10,640 | 10,653 | 10,653 | 10,626 | 10,567 | 10,494 | 10,494 | |||||||||||
RGU Enterprise Customers | 1,528 | 1,524 | 1,523 | 1,512 | 1,512 | 1,500 | 1,483 | 1,482 | 1,482 | |||||||||||
Revenue generating units (RGU) | 12,324 | 12,237 | 12,163 | 12,165 | 12,165 | 12,126 | 12,050 | 11,976 | 11,976 | |||||||||||
Broadband access lines wholesale | 385 | 402 | 419 | 435 | 435 | 449 | 462 | 472 | 472 | |||||||||||
Unbundled fixed access lines | 120 | 116 | 114 | 107 | 107 | 100 | 95 | 91 | 91 | |||||||||||
Swisscom Group Information by geographical regions in CHF million | ||||||||||||||||||||
Net revenue in Switzerland | 2,343 | 2,343 | 2,352 | 2,438 | 9,476 | 2,308 | 2,310 | 2,305 | 6,923 | |||||||||||
Net revenue in other countries | 488 | 516 | 562 | 620 | 2,186 | 577 | 610 | 579 | 1,766 | |||||||||||
Total net revenue | 2,831 | 2,859 | 2,914 | 3,058 | 11,662 | 2,885 | 2,920 | 2,884 | 8,689 | |||||||||||
EBITDA in Switzerland | 917 | 905 | 898 | 731 | 3,451 | 889 | 891 | 887 | 2,667 | |||||||||||
EBITDA in other countries | 156 | 282 | 196 | 210 | 844 | 169 | 194 | 201 | 564 | |||||||||||
Total EBITDA | 1,073 | 1,187 | 1,094 | 941 | 4,295 | 1,058 | 1,085 | 1,088 | 3,231 | |||||||||||
Capital expenditure in Switzerland | 362 | 366 | 369 | 581 | 1,678 | 315 | 406 | 398 | 1,119 | |||||||||||
Capital expenditure in other countries | 167 | 162 | 161 | 210 | 700 | 186 | 162 | 154 | 502 | |||||||||||
Total capital expenditure | 529 | 528 | 530 | 791 | 2,378 | 501 | 568 | 552 | 1,621 | |||||||||||
Full-time equivalent employees in Switzerland | 18,280 | 17,974 | 17,877 | 17,688 | 17,688 | 17,611 | 17,203 | 17,165 | 17,165 | |||||||||||
Full-time equivalent employees in other countries | 2,799 | 2,801 | 2,827 | 2,818 | 2,818 | 2,715 | 2,692 | 2,685 | 2,685 | |||||||||||
Total full-time equivalent employees | 21,079 | 20,775 | 20,704 | 20,506 | 20,506 | 20,326 | 19,895 | 19,850 | 19,850 |