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Half-year results

18th August 2016, 7.15 a.m. (9 a.m. teleconference)



Half-year Results: Interim Report January to June 2016

In the first half of 2016 Swisscom's net revenue rose by CHF 11 million or 0,2% to CHF 5,769 million. Revenue in the Swiss core business decreased by CHF 11 million or 0.2% to CHF 4,650 million. As a result of customer growth and its strong position in the market for business customers, Italian subsidiary Fastweb’s revenue was EUR 19 million or 2.2% higher at EUR 881 million.

Swisscom's operating income before depreciation and amortization (EBITDA) increased by CHF 94 million or 4,4% to CHF 2,227 million. This increase is primarily attributable to higher EBITDA at Fastweb, which rose by EUR 75 million or 28.8% to EUR 335 million. EBITDA in the Swiss core business decreased by CHF 12 million or 0.6% to CHF 1,912 million.

Swisscom capital expenditure increased by CHF 51 million or 4.5% to CHF 1,193 million year-on-year. In Switzerland, capital expenditure rose by CHF 34 million or 4.0% to CHF 876 million due to broadband network expansion. At Fastweb, capital expenditure increased by EUR 7 million or 2.5% to EUR 286 million due to the continuing expansion of the broadband network.


Results

Key figures 1 January to 30 June 2016


 

1.1 - 30.6 2015

1.1 - 30.6 2016

Change

Net revenue (in CHF million)

5‘758

5‘769

0,2%

Operating income before depreciation and amortisation, EBITDA (in CHF million)

2‘133

2‘227

4,4%

Operating income EBIT (in CHF million)

1‘105

1‘135

2,7%

Net income (in CHF million)

784
788

0,5%

Swisscom TV access lines in Switzerland (as at 30 June in thousands)

1‘238

1‘400

13,1%

Mobile lines in Switzerland (as at 30 June in thousands)

6‘592

6‘623

0,5%

Revenue from bundled contracts (in CHF million)

1‘077
1‘213
12,6%

Broadband lines Fastweb (as at 30 June in thousands)

2‘157

2‘257

4,6%

Capital expenditure (in CHF million)

1‘142

1‘193

4,5%

Of which capital expenditure Switzerland (in CHF million)

842

876

4,0%

Headcount Group (FTEs as at 30 June)

21‘486

21‘443

-0,2%

Of which Switzerland (FTEs as at 30 June)

18‘828

18‘754
-0,4%


Press release 18th August 2016 7.15 a.m.

"Swisscom has produced good figures for the first half of 2016. Despite strong competition, we have been able to maintain our revenue and profit, enjoying growth in our packages and TV connections. We are also very pleased with the development of our solutions business with corporate customers. Fastweb is also progressing well and has contributed significantly to our growth in EBITDA for this half year. Price pressure in the mobile sector and increasingly predatory competition in core business requires that we manage our costs carefully and further increase efficiency within the company. This will allow us to maintain our high capital expenditure in sustainable networks and IT infrastructures, meeting the requirements of our customers in the future."