Swisscom - About Swisscom - Five Year Review

The financial report is available in English, French and German. The German version is binding.

CHF in millions, except where indicated

	2007	2008	2009	2010	2011
Net revenue and results
Net revenue	11'089	12'198	12'001	11'988	11'467
Operating income before depreciation and amortisation (EBITDA)	4'536	4'806	4'702	4'599	4'584
EBITDA as % of net revenue (%)	40.9	39.4	39.2	38.4	40.0
Operating income (EBIT) before impairment losses on goodwill	2'544	2'651	2'707	2'627	2'681
Operating income (EBIT)	2'544	2'651	2'707	2'627	1'126
Net income	2'084	1'749	1'938	1'788	694
Share of net income attributable to equity holders of Swisscom Ltd	2'081	1'754	1'941	1'813	683
Earnings per share (in CHF)	40.17	33.87	37.47	35.00	13.19

Balance sheet and cash flows
Equity at end of year	5'570	4'926	6'212	5'350	4'296
Equity ratio at end of year (%)	23.3	21.3	28.0	25.4	22.1
Cash flow provided by operating activities	3'604	4'126	4'395	4'024	3'951
Capital expenditure in property, plant and equipment and other intangible assets	2'025	2'050	1'987	1'903	2'095
Net debt	10'550	10'071	9'141	8'848	8'309

Employees
Full-time equivalent employees at end of year (number)	19'844	19'943	19'479	19'547	20'061
Average number of full-time equivalent employees (number)	18'755	19'801	19'813	19'464	19'832

Operational data
Telephone access lines PSTN/ISDN in Switzerland (in thousand)	3'686	3'556	3'391	3'233	3'120
Broadband access lines retail in Switzerland (in thousand)	1'602	1'334	1'478	1'584	1'842
Mobile access lines in Switzerland (in thousand)	5'007	5'359	5'602	5'828	6'049
Swisscom TV access lines in Switzerland (in thousand)	59	118	232	421	608
Unbundled fixed access lines in Switzerland (in thousand)	–	31	153	255	306
Broadband access lines in Italy (in thousand)	1'263	1'483	1'644	1'724	1'595	¹

Swisscom share
Par value per share at end of year (in CHF)	1.00	1.00	1.00	1.00	1.00
Number of issued shares at end of period (in millions of shares)	56.719	53.441	51.802	51.802	51.802
Closing price at end of period (in CHF)	442.00	339.50	395.60	411.10	355.90
Closing price highest (in CHF)	486.00	442.75	400.90	420.80	433.50
Closing price lowest (in CHF)	402.50	292.00	293.50	358.00	323.10
Market capitalisation at end of year	22'896	17'587	20'491	21'296	18'436
Ordinary dividend per share (in CHF)	18.00	19.00	20.00	21.00	22.00	²
Extraordinary dividend per share (in CHF)	2.00	–	–	–	–
Ratio payout/earnings per share (%)	49.79	56.10	53.38	60.06	166.85
1) As a result of the settlement of litigations, Fastweb reduced the number of access lines by 197,000. 2) In accordance with the proposal of the Board of Directores to the Annual General Meeting.