Menu

2nd Interim Report 2020
2nd Interim Report 2020
Open report

Language

Leave

Report switcher allows selecting another report from a different reporting period

2nd 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 2nd Interim Report 2020 report

2nd Interim Report 2020
KPIsBusiness performance
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   2,706           5,443
Direct costs   (683)   (656)   (684)   (792)   (2,815)   (626)   (624)           (1,250)
Personnel expense   (724)   (687)   (653)   (736)   (2,800)   (700)   (679)           (1,379)
Other operating expense   (448)   (500)   (459)   (582)   (1,989)   (407)   (416)           (823)
Capitalised self-constructed assets and other income   114   161   123   111   509   107   110           217
Operating income (EBITDA)   1,119   1,121   1,120   998   4,358   1,111   1,097           2,208
Depreciation and amortisation   (547)   (550)   (529)   (540)   (2,166)   (537)   (541)           (1,078)
Depreciation of right-of-use assets   (67)   (69)   (69)   (77)   (282)   (70)   (77)           (147)
Operating income (EBIT)   505   502   522   381   1,910   504   479           983
Net interest expense on financial assets and liabilities   (15)   (16)   (13)   (18)   (62)   (12)   (18)           (30)
Interest expense on lease liabilities   (8)   (7)   (9)   (18)   (42)   (11)   (11)           (22)
Other financial result   3   (28)   (26)   (3)   (54)   (14)   (38)           (52)
Equity-accounted investees   2   –   (1)   (29)   (28)   1   2           3
Income before income taxes   487   451   473   313   1,724   468   414           882
Income tax expense   (104)   (54)   (72)   175   (55)   (74)   (72)           (146)
Net income   383   397   401   488   1,669   394   342           736
Attributable to equity holders of Swisscom Ltd   385   397   401   489   1,672   395   343           738
Attributable to non-controlling interests   (2)   –   –   (1)   (3)   (1)   (1)           (2)
                                         
Earnings per share (in CHF)   7.43   7.66   7.74   9.44   32.28   7.63   6.62           14.25
                                       
                                         
Net revenue
Swisscom Switzerland   2,166   2,095   2,113   2,199   8,573   2,071   2,025           4,096
Fastweb   581   602   587   698   2,468   580   599           1,179
Other Operating Segments   265   275   262   277   1,079   243   247           490
Group Headquarters   –   –   –   1   1   –   –           –
Intersegment elimination   (152)   (169)   (169)   (178)   (668)   (157)   (165)           (322)
Total net revenue   2,860   2,803   2,793   2,997   11,453   2,737   2,706           5,443
         
                                         
Operating income before depreciation and amortisation (EBITDA)
Swisscom Switzerland   928   908   905   743   3,484   923   891           1,814
Fastweb   182   211   213   228   834   181   208           389
Other Operating Segments   50   48   46   45   189   42   40           82
Group Headquarters   (17)   (20)   (18)   (11)   (66)   (14)   (19)           (33)
Reconciliation pension cost   (14)   (15)   (15)   (3)   (47)   (15)   (16)           (31)
Elimination   (10)   (11)   (11)   (4)   (36)   (6)   (7)           (13)
Total EBITDA   1,119   1,121   1,120   998   4,358   1,111   1,097           2,208
         
                                         
Capital expenditure
Swisscom Switzerland   353   601   370   437   1,761   367   409           776
Fastweb   161   174   160   172   667   148   146           294
Other Operating Segments   8   11   13   15   47   7   11           18
Intersegment elimination   (4)   (7)   (7)   (19)   (37)   (6)   (7)           (13)
Total capital expenditure   518   779   536   605   2,438   516   559           1,075

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   1,097           2,208
Lease expense   (68)   (69)   (69)   (88)   (294)   (75)   (75)           (150)
EBITDA after lease expense (EBITDA AL)   1,051   1,052   1,051   910   4,064   1,036   1,022           2,058
Capital expenditure   (518)   (779)   (536)   (605)   (2,438)   (516)   (559)           (1,075)
Operating free cash flow proxy   533   273   515   305   1,626   520   463           983
                                       
                                         
Net debt
Net debt   6,736   7,787   7,182   6,758   6,758   6,552   7,171           7,171
Net debt incl. lease liabilities.   8,455   9,542   8,933   8,785   8,785   8,528   9,129           9,129
                                       
                                         
Full-time equivalent employees
Swisscom Switzerland   13,352   13,271   13,158   13,055   13,055   12,813   12,608           12,608
Fastweb   2,458   2,451   2,467   2,456   2,456   2,515   2,605           2,605
Other Operating Segments   3,694   3,633   3,668   3,605   3,605   3,583   3,567           3,567
Group Headquarters   215   209   207   201   201   199   204           204
Total headcount   19,719   19,564   19,500   19,317   19,317   19,110   18,984           18,984
                                       
                                       
                                         
Fastweb, in EUR million
Residential Customers   269   273   277   285   1,104   280   282           562
Enterprise Customers   202   214   211   235   862   211   224           435
Wholesale   42   45   45   113   245   50   55           105
Revenue from external customers   513   532   533   633   2,211   541   561           1,102
Segment result (EBITDA)   162   187   194   207   750   170   195           365
Margin as % of net revenue   31.5   35.0   36.3   32.6   33.8   31.3   34.7           33.0
Lease expense   (12)   (13)   (13)   (12)   (50)   (13)   (13)           (26)
EBITDA after lease expense (EBITDA AL)   150   174   181   195   700   157   182           339
Capital expenditure   (143)   (154)   (146)   (156)   (599)   (138)   (138)           (276)
Operating free cash flow proxy   7   20   35   39   101   19   44           63
                                         
Broadband access lines in thousand   2,575   2,600   2,610   2,637   2,637   2,659   2,692           2,692
Mobile access lines in thousand   1,440   1,549   1,663   1,746   1,746   1,779   1,830           1,830
                                         
Information by geographical regions
Net revenue in Switzerland   2,277   2,197   2,203   2,292   8,969   2,155   2,106           4,261
Net revenue in other countries   583   606   590   705   2,484   582   600           1,182
Total net revenue   2,860   2,803   2,793   2,997   11,453   2,737   2,706           5,443
                                         
EBITDA Switzerland   939   913   907   749   3,508   924   890           1,814
EBITDA other countries   180   208   213   249   850   187   207           394
Total EBITDA   1,119   1,121   1,120   998   4,358   1,111   1,097           2,208
                                         
Capital expenditure in Switzerland   357   604   377   432   1,770   367   412           779
Capital expenditure in other countries   161   175   159   173   668   149   147           296
Total capital expenditure   518   779   536   605   2,438   516   559           1,075
                                         
Headcount in Switzerland   17,035   16,871   16,788   16,628   16,628   16,357   16,119           16,119
Headcount in other countries   2,684   2,693   2,712   2,690   2,690   2,753   2,865           2,865
Total headcount (full-time equivalents)   19,719   19,564   19,500   19,318   19,318   19,110   18,984           18,984

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   478           975
Business Customers   217   215   209   203   844   196   189           385
Revenue wireless   737   726   727   716   2,906   693   667           1,360
Residential Customers   514   517   509   508   2,048   505   500           1,005
Business Customers   244   237   231   226   938   226   227           453
Revenue fixed-line   758   754   740   734   2,986   731   727           1,458
Other revenue Business Customers   16   14   15   15   60   15   15           30
Total revenue telecoms services   1,511   1,494   1,482   1,465   5,952   1,439   1,409           2,848
Solution business   257   256   258   278   1,049   267   260           527
Merchandise   196   169   182   260   807   175   175           350
Wholesale   158   162   169   154   643   164   158           322
Revenue other   21   (6)   –   18   33   5   1           6
Total revenue from external customers   2,143   2,075   2,091   2,175   8,484   2,050   2,003           4,053
                                         
Residential Customers   1,169   1,124   1,147   1,222   4,662   1,120   1,080           2,200
Business Customers   810   783   769   794   3,156   760   760           1,520
Wholesale   158   162   169   154   643   164   158           322
IT, Network & Infrastructure   6   6   6   5   23   6   5           11
Total revenue from external customers   2,143   2,075   2,091   2,175   8,484   2,050   2,003           4,053
                                         
Segment result before depreciation and amortisation (EBITDA) and Operating free cash flow proxy                                        
Residential Customers   722   697   686   665   2,770   703   684           1,387
Business Customers   356   354   344   340   1,394   336   339           675
Wholesale   126   129   138   118   511   132   125           257
IT, Network & Infrastructure   (275)   (272)   (264)   (380)   (1,191)   (247)   (259)           (506)
Intersegment elimination   (1)   –   1   –   –   (1)   2           1
Segment result (EBITDA)   928   908   905   743   3,484   923   891           1,814
Margin as % of net revenue   42.8   43.3   42.8   33.8   40.6   44.6   44.0           44.3
Lease expense   (56)   (56)   (55)   (57)   (224)   (58)   (58)           (116)
EBITDA after lease expense (EBITDA AL)   872   852   850   686   3,260   865   833           1,698
Capital expenditure   (353)   (601)   (370)   (437)   (1,761)   (367)   (409)           (776)
Operating free cash flow proxy   519   251   480   249   1,499   498   424           922
                                         
Operational data in thousand
Access lines
Residential Customers   1,356   1,333   1,318   1,307   1,307   1,291   1,276           1,276
Business Customers   381   350   325   287   287   291   288           288
Fixed telephony access lines   1,737   1,683   1,643   1,594   1,594   1,582   1,564           1,564
                                         
Residential Customers   1,743   1,742   1,749   1,757   1,757   1,754   1,750           1,750
Business Customers   314   308   305   301   301   299   298           298
Broadband access lines retail   2,057   2,050   2,054   2,058   2,058   2,053   2,048           2,048
                                         
Residential Customers   1,462   1,467   1,477   1,491   1,491   1,491   1,487           1,487
Business Customers   61   62   63   64   64   64   64           64
Swisscom TV access lines   1,523   1,529   1,540   1,555   1,555   1,555   1,551           1,551
                                         
Postpaid Residential Customers   2,840   2,872   2,908   2,930   2,930   2,931   2,933           2,933
Postpaid Business Customers   1,867   1,850   1,845   1,841   1,841   1,842   1,850           1,850
Mobile access lines Postpaid   4,707   4,722   4,753   4,771   4,771   4,773   4,783           4,783
Prepaid Residential Customers   1,671   1,646   1,605   1,562   1,562   1,526   1,481           1,481
Mobile access lines   6,378   6,368   6,358   6,333   6,333   6,299   6,264           6,264
                                         
RGU Residential Customers   9,072   9,060   9,057   9,047   9,047   8,993   8,927           8,927
RGU Business Customers   2,623   2,570   2,538   2,493   2,493   2,496   2,500           2,500
Revenue generating units (RGU)   11,695   11,630   11,595   11,540   11,540   11,489   11,427           11,427
                                         
Broadband access lines wholesale   492   502   509   515   515   525   533           533
Unbundled fixed access lines   83   79   75   70   70   66   63           63