Five-year summary: results 2020 to 2024

In CHF million, except where indicated

Revenue and results

  2020 2021 2022 2023 2024
Revenue 11,100 11,183 11,051 11,072 11,036
Operating income before depreciation and amortisation (EBITDA) 4,382 4,478 4,406 4,622 4,355
EBITDA as % of net revenue 39.5 40.0 39.9 41.7 39.5
Operating income (EBIT) 1,947 2,066 2,040 2,205 1,951
Net income 1,528 1,833 1,603 1,711 1,541
Earnings per share (CHF) 29.54 35.37 30.93 33.03 29.77
  Revenue
2020 11,100
2021 11,183
2022 11,051
2023 11,072
2024 11,036
  Operating income before depreciation and amortisation (EBITDA)
2020 4,382
2021 4,478
2022 4,406
2023 4,622
2024 4,355
  EBITDA as % of net revenue
2020 39.5
2021 40.0
2022 39.9
2023 41.7
2024 39.5
  Operating income (EBIT)
2020 1,947
2021 2,066
2022 2,040
2023 2,205
2024 1,951
  Net income
2020 1,528
2021 1,833
2022 1,603
2023 1,711
2024 1,541
  Earnings per share (CHF)
2020 29.54
2021 35.37
2022 30.93
2023 33.03
2024 29.77

Balance sheet and cash flows

  2020 2021 2022 2023 2024
Equity 9,491 10,813 11,171 11,622 12,155
Equity ratio (%) 39.1 43.6 45.4 47.0 32.7
Capital expenditure 2,229 2,286 2,309 2,292 2,312
Operating Free Cash Flow 1,853 1,891 1,811 2,042 1,752
Free Cash Flow 1,706 1,513 1,349 1.480 1.437
Net debt 8,206 7,706 7,374 7,071 15,597
  Equity
2020 9,491
2021 10,813
2022 11,171
2023 11,622
2024 12,155
  Equity ratio (%)
2020 39.1
2021 43.6
2022 45.4
2023 47.0
2024 32.7
  Capital expenditure
2020 2,229
2021 2,286
2022 2,309
2023 2,292
2024 2,312
  Operating Free Cash Flow
2020 1,853
2021 1,891
2022 1,811
2023 2,042
2024 1,752
  Free Cash Flow
2020 1,706
2021 1,513
2022 1,349
2023 1.480
2024 1.437
  Net debt
2020 8,206
2021 7,706
2022 7,374
2023 7,071
2024 15,597

Employees

  2020 2021 2022 2023 2024
Full-time equivalent employees (number) 19,062 18,905 19,157 19,729 19,887
Average number of full-time equivalent employees (number) 19,095 19,099 19,046 19,461 19,918
  Full-time equivalent employees (number)
2020 19,062
2021 18,905
2022 19,157
2023 19,729
2024 19,887
  Average number of full-time equivalent employees (number)
2020 19,095
2021 19,099
2022 19,046
2023 19,461
2024 19,918

Operational data at end of period

  2020 2021 2022 2023 2024
Fixed access lines in Switzerland (in thousands) 1,523 1,424 1,322 1,226 1,137
Broadband access lines retail in Switzerland (in thousands) 2,043 2,037 2,027 2,006 1,967
TV access lines in Switzerland (in thousands) 1,588 1,592 1,571 1,537 1,493
Mobile access lines in Switzerland (in thousands) 6,224 6,177 6,173 6,277 6,331
Access lines wholesale in Switzerland (in thousands) 611 698 679 692 731
Broadband access lines retail in Italy (in thousands) 2,747 2,750 2,683 2,601 2,544
Broadband access lines wholesale in Italy (in thousands)  158 306 458 648 905
Mobile access lines in Italy (in thousands) 1,961 2,472 3,087 3,509 3,930
  Fixed access lines in Switzerland (in thousands)
2020 1,523
2021 1,424
2022 1,322
2023 1,226
2024 1,137
  Broadband access lines retail in Switzerland (in thousands)
2020 2,043
2021 2,037
2022 2,027
2023 2,006
2024 1,967
  TV access lines in Switzerland (in thousands)
2020 1,588
2021 1,592
2022 1,571
2023 1,537
2024 1,493
  Mobile access lines in Switzerland (in thousands)
2020 6,224
2021 6,177
2022 6,173
2023 6,277
2024 6,331
  Access lines wholesale in Switzerland (in thousands)
2020 611
2021 698
2022 679
2023 692
2024 731
  Broadband access lines retail in Italy (in thousands)
2020 2,747
2021 2,750
2022 2,683
2023 2,601
2024 2,544
  Broadband access lines wholesale in Italy (in thousands)
2020 158
2021 306
2022 458
2023 648
2024 905
  Mobile access lines in Italy (in thousands)
2020 1,961
2021 2,472
2022 3,087
2023 3,509
2024 3,930

Swisscom share

  2020 2021 2022 2023 2024
Number of issued shares (in million of shares) 51.802 51.802 51.802 51.802 51.802
Market capitalisation 24,715 26,657 26,243 26,212 26,134
Closing price at end of period (in CHF) 477.10 514.60 506.60 506.00 504.50
Closing price highest (in CHF) 577.80 562.40 590.40 619.40 571.00
Closing price lowest (in CHF) 446.70 456.30 443.40 501.20 486.80
Ordinary dividend per share (in CHF) 22.00 22.00 22.00 22.00 22.00 1
Ratio payout/earnings per share (%) 74.48 62.20 71.13 66.61 73.90
  Number of issued shares (in million of shares)
2020 51.802
2021 51.802
2022 51.802
2023 51.802
2024 51.802
  Market capitalisation
2020 24,715
2021 26,657
2022 26,243
2023 26,212
2024 26,134
  Closing price at end of period (in CHF)
2020 477.10
2021 514.60
2022 506.60
2023 506.00
2024 504.50
  Closing price highest (in CHF)
2020 577.80
2021 562.40
2022 590.40
2023 619.40
2024 571.00
  Closing price lowest (in CHF)
2020 446.70
2021 456.30
2022 443.40
2023 501.20
2024 486.80
  Ordinary dividend per share (in CHF)
2020 22.00
2021 22.00
2022 22.00
2023 22.00
2024 22.00 1
  Ratio payout/earnings per share (%)
2020 74.48
2021 62.20
2022 71.13
2023 66.61
2024 73.90

Informations Switzerland

  2020 2021 2022 2023 2024
Revenue 8,614 8,579 8,566 8,516 8,363
Operating income before depreciation and amortisation (EBITDA) 3,522 3,569 3,534 3,842 3,679
Capital expenditure 1,596 1,634 1,688 1,685 1,712
Full-time equivalent employees (number) 16,048 15,882 15,750 16,050 15,905
  Revenue
2020 8,614
2021 8,579
2022 8,566
2023 8,516
2024 8,363
  Operating income before depreciation and amortisation (EBITDA)
2020 3,522
2021 3,569
2022 3,534
2023 3,842
2024 3,679
  Capital expenditure
2020 1,596
2021 1,634
2022 1,688
2023 1,685
2024 1,712
  Full-time equivalent employees (number)
2020 16,048
2021 15,882
2022 15,750
2023 16,050
2024 15,905

1 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.