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 | 2,885 | |||||||||||||
Direct costs | (606) | (599) | (677) | (784) | (2,666) | (704) | (704) | |||||||||||||
Personnel expense | (753) | (738) | (695) | (816) | (3,002) | (723) | (723) | |||||||||||||
Other operating expense | (490) | (525) | (534) | (658) | (2,207) | (503) | (503) | |||||||||||||
Capitalised self-constructed assets and other income | 91 | 190 | 86 | 141 | 508 | 103 | 103 | |||||||||||||
Operating income (EBITDA) | 1,073 | 1,187 | 1,094 | 941 | 4,295 | 1,058 | 1,058 | |||||||||||||
Depreciation and amortisation | (523) | (534) | (531) | (576) | (2,164) | (540) | (540) | |||||||||||||
Operating income (EBIT) | 550 | 653 | 563 | 365 | 2,131 | 518 | 518 | |||||||||||||
Net interest expense | (36) | (38) | (35) | (40) | (149) | (35) | (35) | |||||||||||||
Other financial result | (13) | (11) | 15 | (2) | (11) | (6) | (6) | |||||||||||||
Result of associates | (1) | (2) | (3) | (5) | (11) | (2) | (2) | |||||||||||||
Income before income taxes | 500 | 602 | 540 | 318 | 1,960 | 475 | 475 | |||||||||||||
Income tax expense | (127) | (136) | (110) | (19) | (392) | (96) | (96) | |||||||||||||
Net income | 373 | 466 | 430 | 299 | 1,568 | 379 | 379 | |||||||||||||
Attributable to equity holders of Swisscom Ltd | 373 | 467 | 430 | 300 | 1,570 | 381 | 381 | |||||||||||||
Share attributable to non-controlling interests | – | (1) | – | (1) | (2) | (2) | (2) | |||||||||||||
Earnings per share (in CHF) | 7.20 | 9.02 | 8.30 | 5.98 | 30.31 | 7.36 | 7.36 | |||||||||||||
Net revenue | ||||||||||||||||||||
Swisscom Switzerland | 2,246 | 2,241 | 2,250 | 2,321 | 9,058 | 2,206 | 2,206 | |||||||||||||
Fastweb | 484 | 511 | 556 | 613 | 2,164 | 574 | 574 | |||||||||||||
Other Operating segments | 187 | 210 | 215 | 238 | 850 | 197 | 197 | |||||||||||||
Group Headquarters | – | 1 | 1 | (1) | 1 | – | – | |||||||||||||
Intersegment elimination | (86) | (104) | (108) | (113) | (411) | (92) | (92) | |||||||||||||
Total net revenue | 2,831 | 2,859 | 2,914 | 3,058 | 11,662 | 2,885 | 2,885 | |||||||||||||
Segment result before depreciation and amortisation (EBITDA) | ||||||||||||||||||||
Swisscom Switzerland | 928 | 924 | 909 | 739 | 3,500 | 892 | 892 | |||||||||||||
Fastweb | 155 | 279 | 194 | 217 | 845 | 167 | 167 | |||||||||||||
Other Operating segments | 40 | 40 | 49 | 51 | 180 | 39 | 39 | |||||||||||||
Group Headquarters | (26) | (21) | (24) | (40) | (111) | (22) | (22) | |||||||||||||
Reconciliation to pension cost | (20) | (27) | (28) | (17) | (92) | (15) | (15) | |||||||||||||
Intersegment elimination | (4) | (8) | (6) | (9) | (27) | (3) | (3) | |||||||||||||
Total segment result (EBITDA) | 1,073 | 1,187 | 1,094 | 941 | 4,295 | 1,058 | 1,058 | |||||||||||||
Capital expenditure in property, plant and equipment and intangible assets | ||||||||||||||||||||
Swisscom Switzerland | 357 | 362 | 364 | 571 | 1,654 | 311 | 311 | |||||||||||||
Fastweb | 165 | 161 | 158 | 208 | 692 | 185 | 185 | |||||||||||||
Other Operating segments | 11 | 13 | 15 | 19 | 58 | 8 | 8 | |||||||||||||
Intersegment elimination | (4) | (8) | (7) | (7) | (26) | (3) | (3) | |||||||||||||
Total capital expenditure | 529 | 528 | 530 | 791 | 2,378 | 501 | 501 | |||||||||||||
Full-time equivalent employees at end of period | ||||||||||||||||||||
Swisscom Switzerland | 15,719 | 15,420 | 15,307 | 15,157 | 15,157 | 15,031 | 15,031 | |||||||||||||
Fastweb | 2,503 | 2,494 | 2,509 | 2,504 | 2,504 | 2,510 | 2,510 | |||||||||||||
Other Operating segments | 2,575 | 2,585 | 2,617 | 2,580 | 2,580 | 2,523 | 2,523 | |||||||||||||
Group Headquarters | 282 | 276 | 271 | 265 | 265 | 262 | 262 | |||||||||||||
Total full-time equivalent employees | 21,079 | 20,775 | 20,704 | 20,506 | 20,506 | 20,326 | 20,326 | |||||||||||||
Operating free cash flow | 463 | 549 | 660 | 487 | 2,159 | 359 | 359 | |||||||||||||
Net debt | 7,689 | 8,441 | 7,868 | 7,447 | 7,447 | 7,294 | 7,294 |
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 | 655 | |||||||||||||
Enterprise Customers | 121 | 122 | 122 | 119 | 484 | 113 | 113 | |||||||||||||
Revenue mobile | 794 | 799 | 810 | 783 | 3,186 | 768 | 768 | |||||||||||||
Retail Customers | 680 | 667 | 654 | 661 | 2,662 | 643 | 643 | |||||||||||||
Enterprise Customers | 142 | 140 | 136 | 137 | 555 | 131 | 131 | |||||||||||||
Revenue fixed-line | 822 | 807 | 790 | 798 | 3,217 | 774 | 774 | |||||||||||||
Other revenue Enterprise Customers | 16 | 15 | 15 | 15 | 61 | 16 | 16 | |||||||||||||
Total revenue telecoms services | 1,632 | 1,621 | 1,615 | 1,596 | 6,464 | 1,558 | 1,558 | |||||||||||||
Solution business | 261 | 271 | 264 | 288 | 1,084 | 268 | 268 | |||||||||||||
Merchandise | 147 | 145 | 142 | 214 | 648 | 170 | 170 | |||||||||||||
Wholesale | 138 | 135 | 157 | 148 | 578 | 141 | 141 | |||||||||||||
Other revenue | 49 | 50 | 49 | 55 | 203 | 49 | 49 | |||||||||||||
Revenue from external customers | 2,227 | 2,222 | 2,227 | 2,301 | 8,977 | 2,186 | 2,186 | |||||||||||||
Retail Customers | 1,497 | 1,481 | 1,478 | 1,515 | 5,971 | 1,456 | 1,456 | |||||||||||||
Enterprise Customers | 586 | 599 | 586 | 631 | 2,402 | 584 | 584 | |||||||||||||
Wholesale | 138 | 135 | 157 | 148 | 578 | 141 | 141 | |||||||||||||
IT, Network & Infrastructure | 6 | 7 | 6 | 7 | 26 | 5 | 5 | |||||||||||||
Revenue from external customers | 2,227 | 2,222 | 2,227 | 2,301 | 8,977 | 2,186 | 2,186 | |||||||||||||
Segment result before depreciation and amortisation (EBITDA) | ||||||||||||||||||||
Retail Customers | 923 | 903 | 863 | 793 | 3,482 | 880 | 880 | |||||||||||||
Enterprise Customers | 199 | 212 | 212 | 199 | 822 | 194 | 194 | |||||||||||||
Wholesale | 104 | 103 | 123 | 116 | 446 | 109 | 109 | |||||||||||||
IT, Network & Infrastructure | (298) | (294) | (288) | (370) | (1,250) | (290) | (290) | |||||||||||||
Intersegment elimination | – | – | (1) | 1 | – | (1) | (1) | |||||||||||||
Segment result (EBITDA) | 928 | 924 | 909 | 739 | 3,500 | 892 | 892 | |||||||||||||
Margin as % of net revenue | 41.3 | 41.2 | 40.4 | 31.8 | 38.6 | 40.4 | 40.4 | |||||||||||||
Fastweb, in EUR million | ||||||||||||||||||||
Residential Customers | 232 | 238 | 253 | 263 | 986 | 257 | 257 | |||||||||||||
Corporate Business | 168 | 173 | 177 | 192 | 710 | 180 | 180 | |||||||||||||
Wholesale | 51 | 57 | 58 | 74 | 240 | 53 | 53 | |||||||||||||
Revenue from external customers | 451 | 468 | 488 | 529 | 1,936 | 490 | 490 | |||||||||||||
Segment result (EBITDA) | 145 | 258 | 170 | 186 | 759 | 144 | 144 | |||||||||||||
Margin as % of net revenue | 32.0 | 54.9 | 34.6 | 35.1 | 39.0 | 29.3 | 29.3 | |||||||||||||
Capital expenditure in property, plant and equipment and intangible assets | 155 | 147 | 139 | 181 | 622 | 159 | 159 | |||||||||||||
Broadband access lines in thousand | 2,400 | 2,411 | 2,421 | 2,451 | 2,451 | 2,483 | 2,483 | |||||||||||||
Mobile access lines in thousand | 763 | 880 | 989 | 1,065 | 1,065 | 1,185 | 1,185 |
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 | 1,779 | |||||||||||||
Enterprise Customers | 234 | 226 | 217 | 207 | 207 | 198 | 198 | |||||||||||||
Fixed telephony access lines | 2,297 | 2,208 | 2,128 | 2,047 | 2,047 | 1,977 | 1,977 | |||||||||||||
Retail Customers | 1,950 | 1,951 | 1,962 | 1,976 | 1,976 | 1,988 | 1,988 | |||||||||||||
Enterprise Customers | 38 | 38 | 38 | 38 | 38 | 37 | 37 | |||||||||||||
Broadband access lines retail | 1,988 | 1,989 | 2,000 | 2,014 | 2,014 | 2,025 | 2,025 | |||||||||||||
Retail Customers | 1,438 | 1,447 | 1,453 | 1,467 | 1,467 | 1,492 | 1,492 | |||||||||||||
Swisscom TV access lines | 1,438 | 1,447 | 1,453 | 1,467 | 1,467 | 1,492 | 1,492 | |||||||||||||
Postpaid Retail Customers | 3,306 | 3,315 | 3,334 | 3,375 | 3,375 | 3,381 | 3,381 | |||||||||||||
Postpaid Enterprise Customers | 1,256 | 1,260 | 1,268 | 1,267 | 1,267 | 1,265 | 1,265 | |||||||||||||
Postpaid mobile acces lines | 4,562 | 4,575 | 4,602 | 4,642 | 4,642 | 4,646 | 4,646 | |||||||||||||
Prepaid Retail Customers | 2,039 | 2,018 | 1,980 | 1,995 | 1,995 | 1,986 | 1,986 | |||||||||||||
Mobile access lines | 6,601 | 6,593 | 6,582 | 6,637 | 6,637 | 6,632 | 6,632 | |||||||||||||
RGU Retail Customers | 10,796 | 10,713 | 10,640 | 10,653 | 10,653 | 10,626 | 10,626 | |||||||||||||
RGU Enterprise Customers | 1,528 | 1,524 | 1,523 | 1,512 | 1,512 | 1,500 | 1,500 | |||||||||||||
Revenue generating units (RGU) | 12,324 | 12,237 | 12,163 | 12,165 | 12,165 | 12,126 | 12,126 | |||||||||||||
Broadband access lines wholesale | 385 | 402 | 419 | 435 | 435 | 449 | 449 | |||||||||||||
Unbundled fixed access lines | 120 | 116 | 114 | 107 | 107 | 100 | 100 | |||||||||||||
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 | 2,308 | |||||||||||||
Net revenue in other countries | 488 | 516 | 562 | 620 | 2,186 | 577 | 577 | |||||||||||||
Total net revenue | 2,831 | 2,859 | 2,914 | 3,058 | 11,662 | 2,885 | 2,885 | |||||||||||||
EBITDA in Switzerland | 917 | 905 | 898 | 731 | 3,451 | 889 | 889 | |||||||||||||
EBITDA in other countries | 156 | 282 | 196 | 210 | 844 | 169 | 169 | |||||||||||||
Total EBITDA | 1,073 | 1,187 | 1,094 | 941 | 4,295 | 1,058 | 1,058 | |||||||||||||
Capital expenditure in Switzerland | 362 | 366 | 369 | 581 | 1,678 | 315 | 315 | |||||||||||||
Capital expenditure in other countries | 167 | 162 | 161 | 210 | 700 | 186 | 186 | |||||||||||||
Total capital expenditure | 529 | 528 | 530 | 791 | 2,378 | 501 | 501 | |||||||||||||
Full-time equivalent employees in Switzerland | 18,280 | 18,754 | 18,551 | 17,688 | 17,688 | 17,611 | 17,611 | |||||||||||||
Full-time equivalent employees in other countries | 2,799 | 2,021 | 2,153 | 2,818 | 2,818 | 2,715 | 2,715 | |||||||||||||
Total full-time equivalent employees | 21,079 | 20,775 | 20,704 | 20,506 | 20,506 | 20,326 | 20,326 | |||||||||||||