Statement of added value
| 2025 | 2024 | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| In CHF million | Switzerland | Italy | Other countries | Total | Switzerland | Italy | Other countries | Total | ||||||||
| Added value | ||||||||||||||||
| External revenue | 8,208 | 6,827 | 13 | 15,048 | 8,344 | 2,666 | 7 | 11,017 | ||||||||
| Intercompany revenue and expense, net | (82) | 4 | 78 | – | (80) | 6 | 74 | – | ||||||||
| Operating expense1 | (2,365) | (4,520) | (26) | (6,911) | (2,362) | (1,582) | (21) | (3,965) | ||||||||
| Depreciation and amortisation² | (1,518) | (1,382) | (1) | (2,901) | (1,558) | (564) | (11) | (2,133) | ||||||||
| Operating added value | 4,243 | 929 | 64 | 5,236 | 4,344 | 526 | 49 | 4,919 | ||||||||
| Other non-operating result³ | (501) | (303) | ||||||||||||||
| Added value | 4,735 | 4,616 | ||||||||||||||
| Allocation of added value | ||||||||||||||||
| Employees4 | 2,392 | 557 | 61 | 3,010 | 2,453 | 268 | 53 | 2,774 | ||||||||
| Public sector5 | 294 | 8 | 3 | 305 | 363 | 25 | – | 388 | ||||||||
| Shareholders (dividends) | 1,140 | 1,140 | ||||||||||||||
| Third-party lenders (net interest expense) | 234 | 34 | ||||||||||||||
| Company (retained earnings)6 | 46 | 280 | ||||||||||||||
| Added value | 4,735 | 4,616 | ||||||||||||||
| 1 Operating expense: excluding personnel epense and taxes and one-off items recognised in operating result. | ||||||||||||||||
| 2 Depreciation and amortisation: excluding impairment losses and amortisation of acquisition-related intangible assets such as customer relationships. | ||||||||||||||||
| 3 Other non-operating result: financial result excluding net interest expense, result of equity-accounted investees, impairment losses, amortisation of acquisition-related intangible assets and one-off items recognised in operating result. | ||||||||||||||||
| 4 Employees: excluding termination benefits and IAS 19 pension cost reconciliation. | ||||||||||||||||
| 5 Public sector: current income tax expense and taxes recognised in operating result. Excluding payments for VAT and mobile phone licences. | ||||||||||||||||
| 6 Company: including deferred income taxes and IAS 19 pension cost reconciliation recognised in income statement. | ||||||||||||||||
The statement of added value complements the traditional financial statements and shows how revenue, after deducting purchased goods and services, is transformed into ’wealth created’. It illustrates how the value added is distributed to employees, the public, investors and how much is reinvested in the company (retained earnings and depreciation and amortisation). The statement of value added is broken down for Switzerland, Italy, and other countries.
In 2025, Swisscom generated an operating value added of CHF 5.2 billion (2024: CHF 4.9 billion). Of this, CHF 4.2 billion or 81% was generated in Switzerland and CHF 0.9 billion or 18% in Italy. Of the total added value, CHF 3.0 billion or 63% were distributed to employees and CHF 1.1 billion or 24% to shareholders. The purchased goods and services (operating expenses, depreciation and amortisation) of CHF 3.9 billion in Switzerland demonstrate the importance of Swisscom for the Swiss economy.