Table of contents for the 3rd Interim Report 2026 report

Interim Report 2026KPIs GroupKPIs segmentsFinancial review
SummaryDepreciation and amortisation, non-operating resultsCash flowsNet asset positionFinancial outlook
Consolidated interim financial statements
Consolidated statement of comprehensive income (unaudited)Consolidated balance sheet (unaudited)Consolidated statement of cash flows (unaudited)Consolidated statement of changes in equity (unaudited)
Notes to the interim financial statements
About this report1 Changes in accounting principles2 Segment information3 Operating costs4 Equity5 Financial liabilities6 Financial result7 Net current operating assets8 Provisions and contingent liabilities
Alternative performance measures
Reconciliation of alternative performance measures
Further information
Share informationQuarterly review 2025 and 2026Disclaimer

KPIs segments

In CHF million 1.1.–30.9.2026 1.1.–30.9.2025 Change in %
Revenue
Switzerland 5,826 5,862 (36) –0.6%
Italy 4,864 5,053 (189) –3.7%
Others 705 781 (76) –9.7%
Elimination (459) (521) 62 –11.9%
Revenue 10,936 11,175 (240) –2.1%
EBITDA after lease expense (EBITDAaL)
Switzerland 2,530 2,564 (34) –1.3%
Italy 1,266 1,168 98 8.4%
Others 77 93 (16) –17.0%
Elimination (40) (48) 8 –16.1%
EBITDAaL 3,833 3,777 56 1.5%
Capital expenditure
Switzerland 1,149 1,228 (79) –6.5%
Italy 900 949 (49) –5.1%
Others 25 29 (4) –14.2%
Elimination (31) (36) 4 –12.5%
Capital expenditure 2,043 2,171 (128) –5.9%
Operating free cash flow
Switzerland 1,381 1,336 46 3.4%
Italy 366 219 147 67.0%
Others 52 63 (12) –18.4%
Elimination (9) (12) 3 –26.3%
Operating free cash flow 1,790 1,606 184 11.5%