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Annual Report 2021
Annual Report 2021
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Five-year review

In CHF million, except where indicated       2017   2018 1   2019 2   2020   2021
                         
Net revenue and results
Net revenue       11,662   11,714   11,453   11,100   11,183
Operating income before de­pre­ci­a­tion and amor­ti­sa­tion (EBITDA)       4,295   4,213   4,358   4,382   4,478
EBITDA as % of net revenue   %   36.8   36.0   38.1   39.5   40.0
Operating income (EBIT)       2,131   2,069   1,910   1,947   2,066
Net income       1,568   1,521   1,669   1,528   1,833
Earnings per share   CHF   30.31   29.48   32.28   29.54   35.37
           
                         
Balance sheet and cash flows
Equity       7,645   8,208   8,875   9,491   10,813
Equity ratio   %   34.7   36.3   36.6   39.1   43.6
Cash flow from operating activities       4,091   3,720   4,019   4,169   4,044
Capital ex­pen­di­ture       2,378   2,404   2,438   2,229   2,286
Net debt       7,447   7,393   6,758   6,218   5,689
           
                         
Employees
Full-time equivalent employees   number   20,506   19,845   19,317   19,062   18,905
Average number of full-time equivalent employees   number   20,836   20,083   19,561   19,095   19,099
           
                         
Operational data
Fixed tele­phony access lines in Switzer­land   in thousand   2,047   1,788   1,594   1,523   1,424
Broad­band access lines retail in Switzer­land   in thousand   2,014   2,033   2,058   2,043   2,037
Mobile access lines in Switzer­land   in thousand   6,637   6,370   6,333   6,224   6,177
TV access lines in Switzer­land   in thousand   1,467   1,519   1,555   1,588   1,592
Revenue generating units (RGU) in Switzer­land   in thousand   12,165   11,710   11,540   11,378   11,230
Unbundled fixed access lines in Switzer­land   in thousand   107   87   70   56   41
Broad­band access lines wholesale in Switzer­land   in thousand   435   481   515   555   596
Broad­band access lines in Italy   in thousand   2,451   2,547   2,637   2,747   2,750
Mobile access lines in Italy   in thousand   1,065   1,432   1,746   1,961   2,472
           
                         
Swisscom share
Number of issued shares   in million of shares   51.802   51.802   51.802   51.802   51.802
Market capitalisation       26,859   24,331   26,554   24,715   26,657
Closing price at end of period   CHF   518.50   469.70   512.60   477.10   514.60
Closing price highest   CHF   527.00   530.60   523.40   577.80   562.40
Closing price lowest   CHF   429.80   427.00   441.10   446.70   456.30
Ordinary dividend per share   CHF   22.00   22.00   22.00   22.00   22.00 3
Ratio payout/earnings per share   %   72.59   74.63   68.16   74.48   62.20
           
                         
In­for­ma­tion Switzer­land
Net revenue       9,476   9,274   8,969   8,614   8,579
Operating income before de­pre­ci­a­tion and amor­ti­sa­tion (EBITDA)       3,451   3,419   3,508   3,522   3,569
Capital ex­pen­di­ture       1,678   1,645   1,770   1,596   1,634
Full-time equivalent employees   number   17,688   17,147   16,628   16,048   15,882
1 Swisscom has been applying IFRS 15 'Revenue from Contracts with Cus­tomers' since 1 January 2018. The prior year’s figures have not been adjusted.
2 Swisscom has been applying IFRS 16 'Leases' since 1 January 2019.
The prior year’s figures have not been adjusted.
3 In accordance with the proposal of the Board of Directors to the Annual General Meeting.