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Outlook


In CHF million or in CHF bil­lion
 
2020
reported
  2021
outlook
previously 1,2
  2021
outlook
adjusted 2
         
Net revenue
Swisscom Group   CHF 11,100 mn   ~ CHF 11.3 bn   ~ CHF 11.2 bn
Swisscom w/o Fastweb           ~ CHF 8.6 bn
Fastweb           ~ EUR 2.4 bn
           
Operating income before depreciation and amortisation (EBITDA)
Swisscom Group   CHF 4,382 mn   CHF 4.4–4.5 bn   CHF 4.4–4.5 bn 3
Swisscom w/o Fastweb           CHF 3.5–3.6 bn
Fastweb           ~ EUR 0.8 bn
           
Capital expenditure
Swisscom Group   CHF 2,229 mn   CHF 2.2–2.3 bn   ~ CHF 2.3 bn
Swisscom w/o Fastweb           > CHF 1.6 bn
Fastweb           ~ EUR 0.6 bn
1 Communicated on 5 August 2021.
2 Exchange rate CHF/EUR 1.08 (2020: CHF/EUR 1.07).
3 2021 outlook for EBITDA after lease expense CHF 4.1–4.2 bn.

The financial outlook for fiscal 2021 will be adjusted in terms of net revenue and capital expenditure. The adjustment takes into account the current status of the review of the fibre-optic partnership with Salt as well as the exchange rate development. Swisscom now expects net revenue of around CHF 11.2 bil­lion (previously around CHF 11.3 bil­lion) and capital expenditure of around CHF 2.3 bil­lion (previously CHF 2.2 bil­lion to CHF 2.3 bil­lion). The expectation for EBITDA remains unchanged at between CHF 4.4 bil­lion and CHF 4.5 bil­lion. If business develops as planned, Swisscom will propose to the 2022 Annual General Meeting that the dividend for the 2021 financial year remain unchanged at CHF 22 per share.