Reconciliation of alternative performance measures
In CHF million |
1.01.–30.06.2024 |
1.01.–30.06.2023 |
Change reported |
Change at constant exchange rates |
||||
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Revenue | 5,454 | 5,450 | 0.1% | 0.8% | ||||
| Operating income before depreciation and amortisation (EBITDA) | ||||||||
| EBITDA | 2,279 | 2,303 | –1.0% | –0.5% | ||||
| Legal proceedings in Switzerland | (24) | (10) | ||||||
| Additions of provisions for legal proceedings in Italy | – | 13 | ||||||
| Transaction costs for company acquisitions | 13 | – | ||||||
| EBITDA adjusted | 2,268 | 2,306 | –1.6% | –1.1% | ||||
| Capital expenditure | ||||||||
| Capital expenditure in property, plant and equipment and intangible assets | 1,150 | 1,104 | 4.2% | 5.0% | ||||
| Payments for indefeasible rights of use (IRU) | 7 | 9 | –22.2% | |||||
| Capital expenditure | 1,157 | 1,113 | 4.0% | 4.8% |
| In CHF million | 1.01.–30.06.2024 | 1.01.–30.06.2023 | Change reported | |||
|---|---|---|---|---|---|---|
| Operating free cash flow | ||||||
| Cash flow from operating activities | 1,659 | 1,731 | (72) | |||
| Capital expenditure | (1,157) | (1,113) | (44) | |||
| Depreciation of right-of-use assets | (130) | (132) | 2 | |||
| Depreciation of indefeasible rights of use (IRU) | 9 | 10 | (1) | |||
| Change in deferred gain from the sale and leaseback of real estate | 2 | 2 | – | |||
| Change in operating assets and liabilities | 348 | 332 | 16 | |||
| Change in provisions | 36 | 12 | 24 | |||
| Change in net defined benefit liabilities | 6 | 17 | (11) | |||
| Gain on sale of property, plant and equipment | 4 | 4 | – | |||
| Loss on sale of property, plant and equipment | – | (1) | 1 | |||
| Expense for share-based payments | (1) | (1) | – | |||
| Revenue from finance leases | 42 | 37 | 5 | |||
| Proceeds from finance leases | (38) | (74) | 36 | |||
| Interest received | (13) | (2) | (11) | |||
| Interest payments on financial liabilities | 22 | 25 | (3) | |||
| Dividends received | (1) | (1) | – | |||
| Income taxes paid | 189 | 201 | (12) | |||
| Operating free cash flow | 977 | 1,047 | (70) | |||
| Free cash flow | ||||||
| Cash flow from operating activities | 1,659 | 1,731 | (72) | |||
| Cash flow used in investing activities | (1,155) | (1,157) | 2 | |||
| Repayment of lease liabilities | (153) | (163) | 10 | |||
| Acquisition of subsidiaries, net of cash and cash equivalents acquired | 10 | 58 | (48) | |||
| Proceeds from equity-accounted investees | – | (3) | 3 | |||
| Expenditure for equity-accounted investees | – | 1 | (1) | |||
| Purchase of other financial assets | 4 | 13 | (9) | |||
| Proceeds from other financial assets | (12) | (16) | 4 | |||
| Other cash flows from financing activities | – | (2) | 2 | |||
| Free cash flow | 353 | 462 | (109) |