Financial outlook
In CHF million, except where indicated |
2020 reported |
Change Swisscom without Fastweb |
Change Fastweb |
2021 outlook 1 |
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| Net revenue | ||||||||
| Swisscom Group | 11,100 | < 0 | > 0 | ~ CHF 11.1 bn | ||||
| Swisscom w/o Fastweb | ~ CHF 8.5 bn | |||||||
| Fastweb | ~ EUR 2.4 bn | |||||||
| Operating income before depreciation and amortisation (EBITDA) | ||||||||
| Swisscom Group | 4,382 | < 0 | > 0 | ~ CHF 4.3 bn 2 | ||||
| Swisscom w/o Fastweb | ~ CHF 3.4 bn | |||||||
| Fastweb | ~ EUR 0.8 bn | |||||||
| Capital expenditure | ||||||||
| Swisscom Group | 2,229 | > 0 | 0 | ~ CHF 2.3 bn | ||||
| Swisscom w/o Fastweb | > CHF 1.6 bn | |||||||
| Fastweb | ~ EUR 0.6 bn | |||||||
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1 Exchange rate CHF/EUR 1.07 (2020: CHF/EUR 1.07).
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2 2021 outlook for EBITDA after lease expense ~ CHF 4.0 billion
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For 2021, Swisscom expects net revenue of around CHF 11.1 billion, EBITDA of around CHF 4.3 billion and capital expenditure of around CHF 2.3 billion. Due to strong competition and price pressure, Swisscom expects revenue to be lower excluding Fastweb. Fastweb’s revenue is expected to increase slightly from 2020. For Swisscom excluding Fastweb, it will not be possible to fully make up for the decline in revenue through cost savings. In contrast, an increase in EBITDA is anticipated for Fastweb. Capital expenditure in Switzerland will be slightly higher than in 2020. In the case of Fastweb, the capital expenditure is expected to be at the level of 2020. Subject to achieving its targets, Swisscom will propose payment of an unchanged, attractive dividend of CHF 22 per share for the 2021 financial year at the 2022 Annual General Meeting.