Depreciation and amortisation, non-operating results
In CHF million, except where indicated |
2nd quarter 2024 |
2nd quarter 2023 |
Change |
1st half-year 2024 |
1st half-year 2023 |
Change |
||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income before depreciation and amortisation (EBITDA) | 1,124 | 1,139 | –1.3% | 2,279 | 2,303 | –1.0% | ||||||
| Depreciation and amortisation of property, plant and equipment and intangible assets | (539) | (531) | 1.5% | (1,061) | (1,056) | 0.5% | ||||||
| Depreciation of right-of-use assets | (65) | (66) | –1.5% | (130) | (132) | –1.5% | ||||||
| Operating income (EBIT) | 520 | 542 | –4.1% | 1,088 | 1,115 | –2.4% | ||||||
| Net interest expense on financial assets and liabilities | (21) | (19) | 10.5% | (36) | (33) | 9.1% | ||||||
| Interest expense on lease liabilities | (12) | (9) | 33.3% | (24) | (21) | 14.3% | ||||||
| Other financial result | (16) | (6) | –% | (3) | (10) | –% | ||||||
| Result of equity-accounted investees | (1) | – | –% | (1) | – | |||||||
| Income before income taxes | 470 | 508 | –7.5% | 1,024 | 1,051 | –2.6% | ||||||
| Income tax expense | (89) | (102) | –12.7% | (188) | (203) | –7.4% | ||||||
| Net income | 381 | 406 | –6.2% | 836 | 848 | –1.4% | ||||||
| Attributable to equity holders of Swisscom Ltd | 381 | 406 | –6.2% | 836 | 848 | –1.4% | ||||||
| Attributable to non-controlling interests | – | – | – | – | ||||||||
| Earnings per share (in CHF) | 7.35 | 7.84 | –6.3% | 16.14 | 16.37 | –1.4% |
Net income fell slightly by CHF –12 million (–1.4%) to CHF 836 million. The lower operating income (CHF –27 million) was offset by an improvement in the financial result (CHF +1 million) and lower tax expense (CHF +15 million). The income tax expense was CHF 188 million (prior year: CHF 203 million), corresponding to an effective income tax rate of 18.4% (prior year: 19.3%).