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Annual Report 2022
Annual Report 2022
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Five-year review

In CHF million, except where indicated       2018   2019 1   2020   2021   2022
                         
Net revenue and results
Net revenue       11,714   11,453   11,100   11,183   11,112
Operating income before de­pre­ci­a­tion and amor­ti­sa­tion (EBITDA)       4,213   4,358   4,382   4,478   4,406
EBITDA as % of net revenue   %   36.0   38.1   39.5   40.0   39.7
Operating income (EBIT)       2,069   1,910   1,947   2,066   2,040
Net income       1,521   1,669   1,528   1,833   1,603
Earnings per share   CHF   29.48   32.28   29.54   35.37   30.93
           
                         
Balance sheet and cash flows
Equity       8,208   8,875   9,491   10,813   11,171
Equity ratio   %   36.3   36.6   39.1   43.6   45.4
Cash flow from operating activities       3,720   4,019   4,169   4,044   3,876
Capital ex­pen­di­ture       2,404   2,438   2,229   2,286   2,309
Free cash flow       1,319   1,345   1,706   1,513   1,349
Net debt       8,631   8,785   8,206   7,706   7,374
           
                         
Employees
Full-time equivalent employees   number   19,845   19,317   19,062   18,905   19,157
Average number of full-time equivalent employees   number   20,083   19,561   19,095   19,099   19,046
           
                         
Operational data
Fixed tele­phony access lines in Switzer­land   in thousand   1,788   1,594   1,523   1,424   1,322
Broad­band access lines retail in Switzer­land   in thousand   2,033   2,058   2,043   2,037   2,027
Mobile access lines in Switzer­land   in thousand   6,370   6,333   6,224   6,177   6,173
TV access lines in Switzer­land   in thousand   1,519   1,555   1,588   1,592   1,571
Access lines wholesale Switzer­land   in thousand   568   585   611   698   679
Broad­band access lines in Italy   in thousand   2,547   2,637   2,747   2,750   2,683
Mobile access lines in Italy   in thousand   1,432   1,746   1,961   2,472   3,087
           
                         
Swisscom share
Number of issued shares   in million of shares   51.802   51.802   51.802   51.802   51.802
Market capitalisation       24,331   26,554   24,715   26,657   26,243
Closing price at end of period   CHF   469.70   512.60   477.10   514.60   506.60
Closing price highest   CHF   530.60   523.40   577.80   562.40   590.40
Closing price lowest   CHF   427.00   441.10   446.70   456.30   443.40
Ordinary dividend per share   CHF   22.00   22.00   22.00   22.00   22.00 2
Ratio payout/earnings per share   %   74.63   68.16   74.48   62.20   71.13
           
                         
In­for­ma­tion Switzer­land
Net revenue       9,274   8,969   8,614   8,579   8,627
Operating income before de­pre­ci­a­tion and amor­ti­sa­tion (EBITDA)       3,419   3,508   3,522   3,569   3,534
Capital ex­pen­di­ture       1,645   1,770   1,596   1,634   1,688
Full-time equivalent employees   number   17,147   16,628   16,048   15,882   15,750
1 Swisscom has been applying IFRS 16 'Leases' since 1 January 2019.
The prior year’s figures have not been adjusted.
2 In accordance with the proposal of the Board of Directors to the Annual General Meeting.