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Annual Report 2023
Annual Report 2023
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Man­age­ment Commentary

Strategy and en­vi­ron­ment

Swiss business

Number 1

Swisscom is number 1 in the Swiss telecoms market.

Revenue

CHF 11.1 bil­lion

in revenue was generated by Swisscom in 2023, 77% of which in Switzer­land and 23% in Italy.

Business in Italy

Leading challenger

Fastweb is the leading challenger in Italy.

Financial targets and achieve­ment of targets in 2023

   
Targets 2023		   Achieve­ment of
targets in 2023
     
Targets 2023 		    Achieve­ment of
targets in 2023 
 Financial targets
 Revenue 1   
Targets 2023around CHF 11.1 bil­lion		    Achieve­ment of
targets in 2023CHF 11,072 million
 Operating income before de­pre­ci­a­tion and amor­ti­sa­tion (EBITDA)   
Targets 2023CHF 4.6–4.7 bil­lion		    Achieve­ment of
targets in 2023CHF 4,622 million
 Capital ex­pen­di­ture   
Targets 2023around CHF 2.3 bil­lion		    Achieve­ment of
targets in 2023CHF 2,292 million
 
1 As already communicated during the course of 2023, the financial 2023 financial targets have been adjusted as follows as a result of the strong Swiss franc and lower hardware sales: revenue from CHF 11.1–11.2 bil­lion to around CHF 11.1 bil­lion.