Menu

1st Interim Report 2021
1st Interim Report 2021
Open report

Language

Leave

Report switcher allows selecting another report from a different reporting period

1st Interim Report 2021
  • 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 2021 report

1st Interim Report 2021
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 2020 and 2021Forward looking statements
We found 0 search results

No search results. Please enter a different search term.

Quarterly review 2020 and 2021


In CHF million, except where indicated
  1.
quarter
  2.
quarter
  3.
quarter
  4.
quarter
 
2020
  1.
quarter
  2.
quarter
  3.
quarter
  4.
quarter
 
2021
                                         
Income statement
Net revenue   2,737   2,706   2,758   2,899   11,100   2,803               2,803
Direct costs   (626)   (624)   (656)   (763)   (2,669)   (680)               (680)
Personnel expense   (700)   (679)   (637)   (701)   (2,717)   (716)               (716)
Other operating expense   (407)   (416)   (441)   (534)   (1,798)   (422)               (422)
Capitalised self-constructed assets and other income   107   110   124   125   466   139               139
Operating income (EBITDA)   1,111   1,097   1,148   1,026   4,382   1,124               1,124
Depreciation and amortisation   (537)   (541)   (538)   (533)   (2,149)   (538)               (538)
Depreciation of right-of-use assets   (70)   (77)   (70)   (69)   (286)   (70)               (70)
Operating income (EBIT)   504   479   540   424   1,947   516               516
Net interest expense on financial assets and liabilities   (12)   (18)   (20)   (19)   (69)   (17)               (17)
Interest expense on lease liabilities   (11)   (11)   (12)   (11)   (45)   (11)               (11)
Other financial result   (14)   (38)   23   (9)   (38)   252               252
Equity-accounted investees   1   2   1   –   4   –               –
Income before income taxes   468   414   532   385   1,799   740               740
Income tax expense   (74)   (72)   (102)   (23)   (271)   (102)               (102)
Net income   394   342   430   362   1,528   638               638
Attributable to equity holders of Swisscom Ltd   395   343   431   361   1,530   638               638
Attributable to non-controlling interests   (1)   (1)   (1)   1   (2)   –               –
                                         
Earnings per share (in CHF)   7.63   6.62   8.32   6.97   29.54   12.32               12.32
                                       
                                         
Net revenue
Swisscom Switzerland   2,065   2,019   2,046   2,120   8,250   2,080               2,080
Fastweb   580   599   613   678   2,470   634               634
Other Operating Segments   241   246   268   259   1,014   240               240
Intersegment elimination   (149)   (158)   (169)   (158)   (634)   (151)               (151)
Total net revenue   2,737   2,706   2,758   2,899   11,100   2,803               2,803
         
                                         
Operating income before depreciation and amortisation (EBITDA)
Swisscom Switzerland   909   872   898   787   3,466   916               916
Fastweb   181   208   219   232   840   195               195
Other Operating Segments   42   40   56   46   184   34               34
Reconciliation pension cost   (15)   (16)   (16)   (18)   (65)   (13)               (13)
Elimination   (6)   (7)   (9)   (21)   (43)   (8)               (8)
Total EBITDA   1,111   1,097   1,148   1,026   4,382   1,124               1,124
         
                                         
Capital expenditure
Swisscom Switzerland   367   409   410   413   1,599   371               371
Fastweb   148   146   145   190   629   168               168
Other Operating Segments   7   11   12   14   44   9               9
Intersegment elimination   (6)   (7)   (10)   (20)   (43)   (8)               (8)
Total capital expenditure   516   559   557   597   2,229   540               540

In CHF million, except where indicated
  1.
quarter
  2.
quarter
  3.
quarter
  4.
quarter
 
2020
  1.
quarter
  2.
quarter
  3.
quarter
  4.
quarter
 
2021
                                         
Operating free cash flow proxy
Operating income (EBITDA)   1,111   1,097   1,148   1,026   4,382   1,124               1,124
Lease expense   (75)   (75)   (76)   (74)   (300)   (75)               (75)
EBITDA after lease expense (EBITDA AL)   1,036   1,022   1,072   952   4,082   1,049               1,049
Capital expenditure   (516)   (559)   (557)   (597)   (2,229)   (540)               (540)
Operating free cash flow proxy   520   463   515   355   1,853   509               509
                                       
                                         
Net debt
Net debt   6,552   7,171   6,625   6,218   6,218   5,849               5,849
Net debt incl. lease liabilities   8,528   9,129   8,622   8,206   8,206   7,825               7,825
                                       
                                         
Full-time equivalent employees
Swisscom Switzerland   13,056   12,857   12,876   12,845   12,845   12,830               12,830
Fastweb   2,515   2,605   2,634   2,703   2,703   2,733               2,733
Other Operating Segments   3,539   3,522   3,516   3,514   3,514   3,514               3,514
Total headcount   19,110   18,984   19,026   19,062   19,062   19,077               19,077
                                       
                                       
                                         
Fastweb, in EUR million
Residential Customers   280   282   282   289   1,133   286               286
Corporate Business   211   224   226   246   907   237               237
Wholesale   50   55   59   93   257   56               56
Revenue from external customers   541   561   567   628   2,297   579               579
Segment result (EBITDA)   170   195   203   216   784   179               179
Margin as % of net revenue   31.3   34.7   35.7   34.3   34.0   30.8               30.8
Lease expense   (13)   (13)   (13)   (13)   (52)   (14)               (14)
EBITDA after lease expense (EBITDA AL)   157   182   190   203   732   165               165
Capital expenditure   (138)   (138)   (134)   (177)   (587)   (154)               (154)
Operating free cash flow proxy   19   44   56   26   145   11               11
                                         
Broadband access lines in thousand   2,659   2,692   2,704   2,747   2,747   2,765               2,765
Mobile access lines in thousand   1,779   1,830   1,889   1,961   1,961   2,066               2,066
                                         
Information by geographical regions
Net revenue in Switzerland   2,155   2,106   2,140   2,213   8,614   2,164               2,164
Net revenue in other countries   582   600   618   686   2,486   639               639
Total net revenue   2,737   2,706   2,758   2,899   11,100   2,803               2,803
                                         
EBITDA Switzerland   924   890   922   786   3,522   927               927
EBITDA other countries   187   207   226   240   860   197               197
Total EBITDA   1,111   1,097   1,148   1,026   4,382   1,124               1,124
                                         
Capital expenditure in Switzerland   367   412   412   405   1,596   371               371
Capital expenditure in other countries   149   147   145   192   633   169               169
Total capital expenditure   516   559   557   597   2,229   540               540
                                         
Headcount in Switzerland   16,357   16,119   16,119   16,048   16,048   15,975               15,975
Headcount in other countries   2,753   2,865   2,907   3,014   3,014   3,102               3,102
Total headcount (ful-time equivalent)   19,110   18,984   19,026   19,062   19,062   19,077               19,077

In CHF million, except where indicated
  1.
quarter
  2.
quarter
  3.
quarter
  4.
quarter
 
2020
  1.
quarter
  2.
quarter
  3.
quarter
  4.
quarter
 
2021
                                         
Swisscom Switzerland Revenue and results
Residential Customers   497   478   485   474   1,934   465               465
Business Customers   196   189   190   186   761   182               182
Revenue wireless   693   667   675   660   2,695   647               647
Residential Customers   505   500   500   507   2,012   503               503
Business Customers   226   227   223   223   899   223               223
Revenue fixed-line   731   727   723   730   2,911   726               726
Other revenue Business Customers   15   15   15   16   61   15               15
Total revenue telecoms services   1,439   1,409   1,413   1,406   5,667   1,388               1,388
Solutions business   267   260   259   272   1,058   273               273
Merchandise   175   175   176   233   759   212               212
Wholesale   164   158   168   171   661   173               173
Revenue other   5   1   17   25   48   21               21
Total revenue from external customers   2,050   2,003   2,033   2,107   8,193   2,067               2,067
                                         
Residential Customers   1,120   1,080   1,120   1,164   4,484   1,130               1,130
Business Customers   760   760   739   767   3,026   759               759
Wholesale   164   158   168   171   661   173               173
Infrastructure & Support Functions   6   5   6   5   22   5               5
Total revenue from external customers   2,050   2,003   2,033   2,107   8,193   2,067               2,067
                                         
Segment result before depreciation and amortisation (EBITDA)                                        
Residential Customers   703   683   683   629   2,698   699               699
Business Customers   337   339   340   332   1,348   338               338
Wholesale   132   125   134   133   524   138               138
Infrastructure & Support Functions   (262)   (277)   (258)   (307)   (1,104)   (259)               (259)
Intersegment elimination   (1)   2   (1)   –   –   –               –
Segment result (EBITDA)   909   872   898   787   3,466   916               916
Margin as % of net revenue   44.0   43.2   43.9   37.1   42.0   44.0               44.0
Lease expense   (59)   (58)   (58)   (57)   (232)   (58)               (58)
EBITDA after lease expense (EBITDA AL)   850   814   840   730   3,234   858               858
Capital expenditure   (367)   (409)   (410)   (413)   (1,599)   (371)               (371)
Operating free cash flow proxy   483   405   430   317   1,635   487               487
                                         
Operational data in thousand
Access lines
Residential Customers   1,291   1,276   1,257   1,235   1,235   1,207               1,207
Business Customers   291   288   289   288   288   284               284
Fixed telephony access lines   1,582   1,564   1,546   1,523   1,523   1,491               1,491
                                         
Residential Customers   1,754   1,750   1,747   1,746   1,746   1,733               1,733
Business Customers   299   298   298   297   297   295               295
Broadband access lines retail   2,053   2,048   2,045   2,043   2,043   2,028               2,028
                                         
Residential Customers   1,518   1,516   1,518   1,519   1,519   1,512               1,512
Business Customers   68   68   68   69   69   69               69
Swisscom TV access lines   1,586   1,584   1,586   1,588   1,588   1,581               1,581
                                         
Postpaid Residential Customers   2,931   2,933   2,962   2,991   2,991   2,990               2,990
Postpaid Business Customers   1,842   1,850   1,859   1,861   1,861   1,863               1,863
Mobile access lines Postpaid   4,773   4,783   4,821   4,852   4,852   4,853               4,853
Prepaid Residential Customers   1,526   1,481   1,432   1,372   1,372   1,324               1,324
Mobile access lines   6,299   6,264   6,253   6,224   6,224   6,177               6,177
                                         
RGU Residential Customers   9,020   8,956   8,916   8,863   8,863   8,766               8,766
RGU Business Customers   2,500   2,504   2,514   2,515   2,515   2,511               2,511
Revenue generating units (RGU)   11,520   11,460   11,430   11,378   11,378   11,277               11,277
                                         
Broadband access lines wholesale   525   533   543   555   555   567               567
Unbundled fixed access lines   66   63   59   56   56   52               52