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Annual Report 2019
Annual Report 2019
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Swisscom Group five-year review

In CHF million, except where indicated       2015   2016   2017   2018 1   2019 2
                         
Net revenue and results
Net revenue       11,678   11,643   11,662   11,714   11,453
Operating income before de­pre­ci­a­tion and amor­ti­sa­tion (EBITDA)       4,098   4,293   4,295   4,213   4,358
EBITDA as % of net revenue   %   35.1   36.9   36.8   36.0   38.1
Operating income (EBIT)       2,012   2,148   2,131   2,069   1,910
Net income       1,362   1,604   1,568   1,521   1,669
Earnings per share   CHF   26.27   30.97   30.31   29.48   32.28
           
                         
Balance sheet and cash flows
Equity       5,242   6,522   7,645   8,208   8,875
Equity ratio   %   24.8   30.4   34.7   36.3   36.6
Cash flow from operating activities       3,702   3,722   4,091   3,720   3,981
Capital ex­pen­di­ture       2,409   2,416   2,378   2,404   2,438
Net debt incl. lease liabilities       8,042   7,846   7,447   7,393   8,785
           
                         
Employees
Full-time equivalent employees at end of year   number   21,637   21,127   20,506   19,845   19,317
Average number of full-time equivalent employees   number   21,546   21,543   20,836   20,083   19,561
           
                         
Operational data
Fixed tele­phony access lines in Switzer­land   in thousand   2,629   2,367   2,047   1,788   1,594
Broad­band access lines retail in Switzer­land   in thousand   1,958   1,992   2,014   2,033   2,033
Mobile access lines in Switzer­land   in thousand   6,625   6,612   6,637   6,370   6,333
Swisscom TV access lines in Switzer­land   in thousand   1,331   1,418   1,467   1,519   1,555
Revenue generating units (RGU) Switzer­land   in thousand   12,543   12,389   12,165   11,710   11,515
Unbundled fixed access lines in Switzer­land   in thousand   128   128   107   87   70
Broad­band access lines wholesale in Switzer­land   in thousand   315   364   435   481   515
Broad­band access lines in Italy   in thousand   2,201   2,355   2,451   2,547   2,637
           
                         
Swisscom share
Number of issued shares   in million of shares   51.802   51.802   51.802   51.802   51.802
Market capitalisation       26,056   23,627   26,859   24,331   26,553
Closing price at end of period   CHF   503.00   456.10   518.50   469.70   512.60
Closing price highest   CHF   580.50   528.50   527.00   530.60   523.40
Closing price lowest   CHF   471.10   426.80   429.80   427.00   441.10
Ordinary dividend per share   CHF   22.00   22.00   22.00   22.00   22.00 3
Ratio payout/earnings per share   %   83.75   71.04   72.59   74.63   68.16
           
                         
In­for­ma­tion Switzer­land
Net revenue       9,764   9,665   9,476   9,274   8,969
Operating income before de­pre­ci­a­tion and amor­ti­sa­tion (EBITDA)       3,461   3,572   3,451   3,419   3,508
Capital ex­pen­di­ture       1,822   1,774   1,678   1,645   1,770
Full-time equivalent employees at end of year   number   18,965   18,372   17,688   17,147   16,628
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.