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Annual Result 2016


8 February 2017, 7.15 a.m.


2016 Annual Result and Annual Report


At CHF 11,643 million (–0.3%), Swisscom's net revenue in 2016 was practically on a par with the previous year. This is a remarkable achievement given current price pressure and the market environment. Compared with the prior year, Swisscom increased its operating income before depreciation and amortisation (EBITDA) by CHF 195 million or 4.8% to CHF 4,293 million, however EBITDA fell slightly by 1.2% on an adjusted basis. Cost cutting and growth at Fastweb were unable to compensate for declining returns in the Swiss core business. Net income rose by 17.8% to CHF 1,604 million, largely due to non-recurring items. At CHF 2,416 million, Group-wide capital expenditure was roughly on a par with last year (+0.3%).

Fastweb acquired many new customers in the broadband business (+7.0% to 2.36 million) and boosted its revenue by EUR 59 million to EUR 1,795 million (+3.4%) as a result. Operating income before depreciation and amortisation (EBITDA) rose by EUR 85 million or 14.8% to EUR 661 million.




Results


Key ratios 1 January to 31 December 2016


 

1.1. – 31.12.2015

1.1. – 30.12.2016

Änderung

Net revenue (in CHF million)

11’678

11’643

-0.3%

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

4’098

4’293

4,8%

Operating income EBIT (in CHF million)

2’012

2’148

6,8%

Net income (in CHF million)

1’362

1’604

17,8%

SwisscomTV access lines in Switzerland as at 31 December in thousands)

1’331

1’476

10,9%

Mobile lines in Switzerland (as at 31 December in thousands)

6’625

6’612

-0,2%

Revenue from bundled contracts (in CHF million)

2’234

2’502

12,0%

Broadband access lines Fastweb (as at 31 December, in thousands)

2’201

2’355

7,0%

Capital expenditure (in CHF million)

2’409

2’416

0,3%

Of which capital expenditure Switzerland (in CHF million)

1’822

1’774

-2,6%

Group employees (FTEs as at 31 December)

21’637

21’127

-2,4%

Of which Switzerland (FTEs as at 31 December) 

 

18’965

18’372

-3,1%



Press release 8 February 2017, 7:15 a.m.


Swisscom holds its ground during a challenging 2016


CEO Urs Schaeppi is delighted with the results: “We have lived up to our promise and achieved the forecast for 2016. It was certainly hard going and the pressure on prices and the reduction in roaming fees presented us with a real challenge. But we worked on cutting our costs and performed well on the market. I am especially pleased with innovations such as G.fast, the further development of our TV offering and the progress we made in the corporate business. I was also impressed by the market performance of Fastweb in Italy. In future we will do our utmost to ensure Swisscom’s entrepreneurial freedom and ability to invest and innovate in an extremely competitive market.”