Menu

1st Interim Report 2020
1st Interim Report 2020
Open report

Language

Leave

Report switcher allows selecting another report from a different reporting period

1st Interim Report 2020
  • 1st Interim Report 2025
  • Sustainability Impact Report 2024
  • Annual Report 2024
  • 3rd Interim Report 2024
  • 2nd Interim Report 2024
  • 1st Interim Report 2024
  • Annual Report 2023
  • 3rd Interim Report 2023
  • 2nd Interim Report 2023
  • 1st Interim Report 2023
  • Annual Report 2022
  • 3rd Interim Report 2022
  • 2nd Interim Report 2022
  • 1st Interim Report 2022
  • Annual Report 2021
  • 3rd Interim Report 2021
  • 2nd Interim Report 2021
  • 1st Interim Report 2021
  • Annual Report 2020
  • 3rd Interim Report 2020
  • 2nd Interim Report 2020
  • 1st Interim Report 2020
  • Annual Report 2019
  • 3rd Interim Report 2019
  • 2nd Interim Report 2019
  • 1st Interim Report 2019
  • Index
  • Search

Table of contents for the 1st Interim Report 2020 report

1st Interim Report 2020
KPIsFinancial review
SummarySegment resultsDepreciation and amortisation, non operating resultsCash flowsNet asset positionOutlook
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 Dividends5 Financial liabilities6 Financial result7 Operating net working capital8 Provisions and contingent liabilities
Alternative performance measures
Reconciliation of alternative performance measures
Further information
Share informationQuarterly review 2019 and 2020Forward looking statements
We found 0 search results

No search results. Please enter a different search term.

Quarterly review 2019 and 2020


In CHF million, except where indicated
  1.
quarter
  2.
quarter
  3.
quarter
  4.
quarter
 
2019
  1.
quarter
  2.
quarter
  3.
quarter
  4.
quarter
 
2020
                                         
Income statement
Net revenue   2,860   2,803   2,793   2,997   11,453   2,737               2,737
Direct costs   (683)   (656)   (684)   (792)   (2,815)   (626)               (626)
Personnel expense   (724)   (687)   (653)   (736)   (2,800)   (700)               (700)
Other operating expense   (448)   (500)   (459)   (582)   (1,989)   (407)               (407)
Capitalised self-constructed assets and other income   114   161   123   111   509   107               107
Operating income (EBITDA)   1,119   1,121   1,120   998   4,358   1,111               1,111
Depreciation and amortisation   (547)   (550)   (529)   (540)   (2,166)   (537)               (537)
Depreciation of right-of-use assets   (67)   (69)   (69)   (77)   (282)   (70)               (70)
Operating income (EBIT)   505   502   522   381   1,910   504               504
Net interest expense on financial assets and liabilities   (15)   (16)   (13)   (18)   (62)   (12)               (12)
Interest expense on lease liabilities   (8)   (7)   (9)   (18)   (42)   (11)               (11)
Other financial result   3   (28)   (26)   (3)   (54)   (14)               (14)
Equity-accounted investees   2   –   (1)   (29)   (28)   1               1
Income before income taxes   487   451   473   313   1,724   468               468
Income tax expense   (104)   (54)   (72)   175   (55)   (74)               (74)
Net income   383   397   401   488   1,669   394               394
Attributable to equity holders of Swisscom Ltd   385   397   401   489   1,672   395               395
Attributable to non-controlling interests   (2)   –   –   (1)   (3)   (1)               (1)
                                         
Earnings per share (in CHF)   7.43   7.66   7.74   9.44   32.28   7.63               7.63
                                       
                                         
Net revenue
Swisscom Switzerland   2,166   2,095   2,113   2,199   8,573   2,071               2,071
Fastweb   581   602   587   698   2,468   580               580
Other Operating Segments   265   275   262   277   1,079   243               243
Group Headquarters   –   –   –   1   1   –               –
Intersegment elimination   (152)   (169)   (169)   (178)   (668)   (157)               (157)
Total net revenue   2,860   2,803   2,793   2,997   11,453   2,737               2,737
         
                                         
Operating income before depreciation and amortisation (EBITDA)
Swisscom Switzerland   928   908   905   743   3,484   923               923
Fastweb   182   211   213   228   834   181               181
Other Operating Segments   50   48   46   45   189   42               42
Group Headquarters   (17)   (20)   (18)   (11)   (66)   (14)               (14)
Reconciliation pension cost   (14)   (15)   (15)   (3)   (47)   (15)               (15)
Elimination   (10)   (11)   (11)   (4)   (36)   (6)               (6)
Total EBITDA   1,119   1,121   1,120   998   4,358   1,111               1,111
         
                                         
Capital expenditure
Swisscom Switzerland   353   601   370   437   1,761   367               367
Fastweb   161   174   160   172   667   148               148
Other Operating Segments   8   11   13   15   47   7               7
Intersegment elimination   (4)   (7)   (7)   (19)   (37)   (6)               (6)
Total capital expenditure   518   779   536   605   2,438   516               516

In CHF million, except where indicated
  1.
quarter
  2.
quarter
  3.
quarter
  4.
quarter
 
2019
  1.
quarter
  2.
quarter
  3.
quarter
  4.
quarter
 
2020
                                         
Operating free cash flow proxy
Operating income (EBITDA)   1,119   1,121   1,120   998   4,358   1,111               1,111
Lease expense   (68)   (69)   (69)   (88)   (294)   (75)               (75)
EBITDA after lease expense (EBITDA AL)   1,051   1,052   1,051   910   4,064   1,036               1,036
Capital expenditure   (518)   (779)   (536)   (605)   (2,438)   (516)               (516)
Operating free cash flow proxy   533   273   515   305   1,626   520               520
                                       
                                         
Net debt
Net debt   6,736   7,787   7,182   6,758   6,758   6,552               6,552
Net debt incl. lease liabilities   8,455   9,542   8,933   8,785   8,785   8,528               8,528
                                       
                                         
Full-time equivalent employees
Swisscom Switzerland   13,352   13,271   13,158   13,055   13,055   12,813               12,813
Fastweb   2,458   2,451   2,467   2,456   2,456   2,515               2,515
Other Operating Segments   3,694   3,633   3,668   3,605   3,605   3,583               3,583
Group Headquarters   215   209   207   201   201   199               199
Total headcount   19,719   19,564   19,500   19,317   19,317   19,110               19,110
                                       
                                       
                                         
Fastweb, in EUR million
Residential Customers   269   273   277   285   1,104   280               280
Corporate Business   202   214   211   235   862   211               211
Wholesale   42   45   45   113   245   50               50
Revenue from external customers   513   532   533   633   2,211   541               541
Segment result (EBITDA)   162   187   194   207   750   170               170
Margin as % of net revenue   31.5   35.0   36.3   32.6   33.8   31.3               31.3
Lease expense   (12)   (12)   (13)   (13)   (50)   (13)               (13)
EBITDA after lease expense (EBITDA AL)   150   175   181   194   700   157               157
Capital expenditure   (143)   (154)   (146)   (156)   (599)   (138)               (138)
Operating free cash flow proxy   7   21   35   38   101   19               19
                                         
Broadband access lines in thousand   2,575   2,600   2,610   2,637   2,637   2,659               2,659
Mobile access lines in thousand   1,440   1,549   1,663   1,746   1,746   1,779               1,779
                                         
Information by geographical regions
Net revenue in Switzerland   2,277   2,197   2,203   2,292   8,969   2,155               2,155
Net revenue in other countries   583   606   590   705   2,484   582               582
Total net revenue   2,860   2,803   2,793   2,997   11,453   2,737               2,737
                                         
EBITDA Switzerland   939   913   907   749   3,508   924               924
EBITDA other countries   180   208   213   249   850   187               187
Total EBITDA   1,119   1,121   1,120   998   4,358   1,111               1,111
                                         
Capital expenditure in Switzerland   357   604   377   432   1,770   367               367
Capital expenditure in other countries   161   175   159   173   668   149               149
Total capital expenditure   518   779   536   605   2,438   516               516
                                         
Headcount in Switzerland   17,035   16,871   16,788   16,628   16,628   16,357               16,357
Headcount in other countries   2,684   2,693   2,712   2,690   2,690   2,753               2,753
Total headcount (ful-time equivalent)   19,719   19,564   19,500   19,318   19,318   19,110               19,110

In CHF million, except where indicated
  1.
quarter
  2.
quarter
  3.
quarter
  4.
quarter
 
2019
  1.
quarter
  2.
quarter
  3.
quarter
  4.
quarter
 
2020
                                         
Swisscom Switzerland Revenue and results
Residential Customers   520   511   518   513   2,062   497               497
Business Customers   217   215   209   203   844   196               196
Revenue wireless   737   726   727   716   2,906   693               693
Residential Customers   514   517   509   508   2,048   505               505
Business Customers   244   237   231   226   938   226               226
Revenue fixed-line   758   754   740   734   2,986   731               731
Other revenue Business Customers   16   14   15   15   60   15               15
Total revenue telecoms services   1,511   1,494   1,482   1,465   5,952   1,439               1,439
Solutions business   257   256   258   278   1,049   267               267
Merchandise   196   169   182   260   807   175               175
Wholesale   158   162   169   154   643   164               164
Revenue other   21   (6)   –   18   33   5               5
Total revenue from external customers   2,143   2,075   2,091   2,175   8,484   2,050               2,050
                                         
Residential Customers   1,169   1,124   1,147   1,222   4,662   1,120               1,120
Business Customers   810   783   769   794   3,156   760               760
Wholesale   158   162   169   154   643   164               164
IT, Network & Infrastructure   6   6   6   5   23   6               6
Total revenue from external customers   2,143   2,075   2,091   2,175   8,484   2,050               2,050
                                         
Segment result before depreciation and amortisation (EBITDA)                                        
Residential Customers   722   697   686   665   2,770   703               703
Business Customers   356   354   344   340   1,394   336               336
Wholesale   126   129   138   118   511   132               132
IT, Network & Infrastructure   (275)   (272)   (264)   (380)   (1,191)   (247)               (247)
Intersegment elimination   (1)   –   1   –   –   (1)               (1)
Segment result (EBITDA)   928   908   905   743   3,484   923               923
Margin as % of net revenue   42.8   43.3   42.8   33.8   40.6   44.6               44.6
Lease expense   (56)   (56)   (55)   (57)   (224)   (58)               (58)
EBITDA after lease expense (EBITDA AL)   872   852   850   686   3,260   865               865
Capital expenditure   (353)   (601)   (370)   (437)   (1,761)   (367)               (367)
Operating free cash flow proxy   519   251   480   249   1,499   498               498
                                         
Operational data in thousand
Access lines
Residential Customers   1,356   1,333   1,318   1,307   1,307   1,291               1,291
Business Customers   381   350   325   287   287   291               291
Fixed telephony access lines   1,737   1,683   1,643   1,594   1,594   1,582               1,582
                                         
Residential Customers   1,743   1,742   1,749   1,757   1,757   1,754               1,754
Business Customers   314   308   305   301   301   299               299
Broadband access lines retail   2,057   2,050   2,054   2,058   2,058   2,053               2,053
                                         
Residential Customers   1,462   1,467   1,477   1,491   1,491   1,491               1,491
Business Customers   61   62   63   64   64   64               64
Swisscom TV access lines   1,523   1,529   1,540   1,555   1,555   1,555               1,555
                                         
Postpaid Residential Customers   2,840   2,872   2,908   2,930   2,930   2,931               2,931
Postpaid Business Customers   1,867   1,850   1,845   1,841   1,841   1,842               1,842
Mobile access lines Postpaid   4,707   4,722   4,753   4,771   4,771   4,773               4,773
Prepaid Residential Customers   1,671   1,646   1,605   1,562   1,562   1,526               1,526
Mobile access lines   6,378   6,368   6,358   6,333   6,333   6,299               6,299
                                         
RGU Residential Customers   9,072   9,060   9,057   9,047   9,047   8,993               8,993
RGU Business Customers   2,623   2,570   2,538   2,493   2,493   2,496               2,496
Revenue generating units (RGU)   11,695   11,630   11,595   11,540   11,540   11,489               11,489
                                         
Broadband access lines wholesale   492   502   509   515   515   525               525
Unbundled fixed access lines   83   79   75   70   70   66               66