Five-year summary:
results 2017 to 2021

In CHF million, except where indicated

Net revenue and results

  2017 2018 1 2019 2 2020 2021
Net revenue 11,662 11,714 11,453 11,100 11,183
Operating income before depreciation and amortisation (EBITDA) 4,295 4,213 4,358 4,382 4,478
EBITDA as % of net revenue 36.8 36.0 38.1 39.5 40.0
Operating income (EBIT) 2,131 2,069 1,910 1,947 2,066
Net income 1,568 1,521 1,669 1,528 1,833
Earnings per share (CHF) 30.31 29.48 32.28 29.54 35.37

Balance sheet and cash flows

  2017 2018 2019 2020 2021
Equity at end of year 7,645 8,208 8,875 9,491 10,813
Equity ratio at end of year (%) 34.7 36.3 36.6 39.1 43.6
Cash flow provided by operating activities 4,091 3,720 4,019 4,169 4,044
Capital expenditure 2,378 2,404 2,438 2,229 2,286
Net debt excl. lease liabilities 7,447 7,393 6,758 6,218 5,689

Employees

  2017 2018 2019 2020 2021
Full-time equivalent employees at end of year (number) 20,506 19,845 19,317 19,062 18,905
Average number of full-time equivalent employees (number) 20,836 20,083 19,561 19,095 19,099

Operational data at end of period

  2017 2018 2019 2020 2021
Fixed access lines in Switzerland (in thousands) 2,047 1,788 1,594 1,523 1,424
Broadband access lines retail in Switzerland (in thousands) 2,014 2,033 2,058 2,043 2,037
Mobile access lines in Switzerland (in thousands) 6,637 6,370 6,333 6,224 6,177
TV access lines in Switzerland (in thousands) 1,467 1,519 1,555 1,588 1,592
Revenue generating units (RGU) Switzerland (in thousands) 12,165 11,710 11,540 11,378 11,230
Unbundled fixed access lines in Switzerland (in thousands) 107 87 70 56 41
Broadband access lines wholesale in Switzerland (in thousands) 435 481 515 555 596
Broadband access lines in Italy (in thousands) 2,451 2,547 2,637 2,747 2,750
Mobile access lines in Italy(in thousands) 1,065 1,432 1,746 1,961 2,472

Swisscom share

  2017 2018 2019 2020 2021
Number of issued shares at end of period
(in millions of shares)
51.802 51.802 51.802 51.802 51.802
Market capitalisation at end of year 26,859 24,331 26,554 24,715 26,657
Closing price at end of period (in CHF) 518.50 469.70 512.60 477.10 514.60
Closing price highest (in CHF) 527.00 530.60 523.40 577.80 562.40
Closing price lowest (in CHF) 429.80 427.00 441.10 446.70 456.30
Ordinary dividend per share (in CHF) 22.00 22.00 22.00 22.00 22.00 3
Ratio payout/earnings per share (%) 72.59 74.63 68.16 74.48 62.20

Informations Switzerland

  2017 2018 2019 2020 2021
Net revenue 9,476 9,274 8,969 8,614 8,579
Operating income before depreciation and amortisation (EBITDA) 3,451 3,419 3,508 3,522 3,569
Capital expenditure in property, plant and equipment and
other intangible assets
1,678 1,645 1,770 1,596 1,634
Full-time equivalent employees at end of year (number) 17,688 17,147 16,628 16,048 15,882

1 Swisscom has been applying IFRS 15 “Revenue from Contracts with Customers” since 1 January 2018. The prior year’s figures have not been adjusted.
2 Swisscom has been applying IFRS 16 “Leases” since 1 January 2019. The prior year’s figures have not been adjusted.
3 In accordance with the proposal of the Board of Directores to the Annual General Meeting.

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