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Annual Report 2020
Annual Report 2020
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Five-year review

In CHF million, except where indicated       2016   2017   2018 1   2019 2   2020
                         
Net revenue and results
Net revenue       11,643   11,662   11,714   11,453   11,100
Operating income before de­pre­ci­a­tion and amor­ti­sa­tion (EBITDA)       4,293   4,295   4,213   4,358   4,382
EBITDA as % of net revenue   %   36.9   36.8   36.0   38.1   39.5
Operating income (EBIT)       2,148   2,131   2,069   1,910   1,947
Net income       1,604   1,568   1,521   1,669   1,528
Earnings per share   CHF   30.97   30.31   29.48   32.28   29.54
           
                         
Balance sheet and cash flows
Equity       6,522   7,645   8,208   8,875   9,491
Equity ratio   %   30.4   34.7   36.3   36.6   39.1
Cash flow from operating activities       3,722   4,091   3,720   3,981   4,069
Capital ex­pen­di­ture       2,416   2,378   2,404   2,438   2,229
Net debt       7,846   7,447   7,393   6,758   6,218
           
                         
Employees
Full-time equivalent employees   number   21,127   20,506   19,845   19,317   19,062
Average number of full-time equivalent employees   number   21,543   20,836   20,083   19,561   19,095
           
                         
Operational data
Fixed tele­phony access lines in Switzer­land   in thousand   2,367   2,047   1,788   1,594   1,523
Broad­band access lines retail in Switzer­land   in thousand   1,992   2,014   2,033   2,058   2,043
Mobile access lines in Switzer­land   in thousand   6,612   6,637   6,370   6,333   6,224
TV access lines Switzer­land   in thousand   1,418   1,467   1,519   1,555   1,554
Revenue generating units (RGU) Switzer­land   in thousand   12,389   12,165   11,710   11,540   11,344
Unbundled fixed access lines in Switzer­land   in thousand   128   107   87   70   56
Broad­band access lines wholesale in Switzer­land   in thousand   364   435   481   515   555
Broad­band access lines in Italy   in thousand   2,355   2,451   2,547   2,637   2,747
Mobile access lines in Italy   in thousand   676   1,065   1,432   1,746   1,961
           
                         
Swisscom share
Number of issued shares   in million of shares   51.802   51.802   51.802   51.802   51.802
Market capitalisation       23,627   26,859   24,331   26,554   24,715
Closing price at end of period   CHF   456.10   518.50   469.70   512.60   477.10
Closing price highest   CHF   528.50   527.00   530.60   523.40   577.80
Closing price lowest   CHF   426.80   429.80   427.00   441.10   446.70
Ordinary dividend per share   CHF   22.00   22.00   22.00   22.00   22.00 3
Ratio payout/earnings per share   %   71.04   72.59   74.63   68.16   74.48
           
                         
In­for­ma­tion Switzer­land
Net revenue       9,665   9,476   9,274   8,969   8,614
Operating income before de­pre­ci­a­tion and amor­ti­sa­tion (EBITDA)       3,572   3,451   3,419   3,508   3,522
Capital ex­pen­di­ture       1,774   1,678   1,645   1,770   1,596
Full-time equivalent employees   number   18,372   17,688   17,147   16,628   16,048
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.