Five-year summary:
results 2018 to 2022

In CHF million, except where indicated

Net revenue and results

  2018 2019 1 2020 2021 2022
Net revenue 11,714 11,453 11,100 11,183 11,112
Operating income before depreciation and amortisation (EBITDA) 4,213 4,358 4,382 4,478 4,406
EBITDA as % of net revenue 36.0 38.1 39.5 40.0 39.7
Operating income (EBIT) 2,069 1,910 1,947 2,066 2,040
Net income 1,521 1,669 1,528 1,833 1,603
Earnings per share (CHF) 29.48 32.28 29.54 35.37 30.93
  Net revenue
2018 11,714
2019 1 11,453
2020 11,100
2021 11,183
2022 11,112
  Operating income before depreciation and amortisation (EBITDA)
2018 4,213
2019 1 4,358
2020 4,382
2021 4,478
2022 4,406
  EBITDA as % of net revenue
2018 36.0
2019 1 38.1
2020 39.5
2021 40.0
2022 39.7
  Operating income (EBIT)
2018 2,069
2019 1 1,910
2020 1,947
2021 2,066
2022 2,040
  Net income
2018 1,521
2019 1 1,669
2020 1,528
2021 1,833
2022 1,603
  Earnings per share (CHF)
2018 29.48
2019 1 32.28
2020 29.54
2021 35.37
2022 30.93

Balance sheet and cash flows

  2018 2019 2020 2021 2022
Equity 8,208 8,875 9,491 10,813 11,171
Equity ratio (%) 36.3 36.6 39.1 43.6 45.4
Cash flow provided by operating activities 3,720 4,019 4,169 4,044 3,876
Capital expenditure 2,404 2,438 2,229 2,286 2,309
Net debt 8,631 8,785 8,206 7,706 7,374
  Equity
2018 8,208
2019 8,875
2020 9,491
2021 10,813
2022 11,171
  Equity ratio (%)
2018 36.3
2019 36.6
2020 39.1
2021 43.6
2022 45.4
  Cash flow provided by operating activities
2018 3,720
2019 4,019
2020 4,169
2021 4,044
2022 3,876
  Capital expenditure
2018 2,404
2019 2,438
2020 2,229
2021 2,286
2022 2,309
  Net debt
2018 8,631
2019 8,785
2020 8,206
2021 7,706
2022 7,374

Employees

  2018 2019 2020 2021 2022
Full-time equivalent employees (number) 19,845 19,317 19,062 18,905 19,157
Average number of full-time equivalent employees (number) 20,083 19,561 19,095 19,099 19,046
  Full-time equivalent employees (number)
2018 19,845
2019 19,317
2020 19,062
2021 18,905
2022 19,157
  Average number of full-time equivalent employees (number)
2018 20,083
2019 19,561
2020 19,095
2021 19,099
2022 19,046

Operational data at end of period

  2018 2019 2020 2021 2022
Fixed access lines in Switzerland (in thousands) 1,788 1,594 1,523 1,424 1,322
Broadband access lines retail in Switzerland (in thousands) 2,033 2,058 2,043 2,037 2,027
Mobile access lines in Switzerland (in thousands) 6,370 6,333 6,224 6,177 6,173
TV access lines in Switzerland (in thousands) 1,519 1,555 1,588 1,592 1,571
Access lines wholesale in Switzerland (in thousands) 568 585 611 698 679
Broadband access lines in Italy (in thousands) 2,547 2,637 2,747 2,750 2,683
Mobile access lines in Italy (in thousands) 1,432 1,746 1,961 2,472 3,087
  Fixed access lines in Switzerland (in thousands)
2018 1,788
2019 1,594
2020 1,523
2021 1,424
2022 1,322
  Broadband access lines retail in Switzerland (in thousands)
2018 2,033
2019 2,058
2020 2,043
2021 2,037
2022 2,027
  Mobile access lines in Switzerland (in thousands)
2018 6,370
2019 6,333
2020 6,224
2021 6,177
2022 6,173
  TV access lines in Switzerland (in thousands)
2018 1,519
2019 1,555
2020 1,588
2021 1,592
2022 1,571
  Access lines wholesale in Switzerland (in thousands)
2018 568
2019 585
2020 611
2021 698
2022 679
  Broadband access lines in Italy (in thousands)
2018 2,547
2019 2,637
2020 2,747
2021 2,750
2022 2,683
  Mobile access lines in Italy (in thousands)
2018 1,432
2019 1,746
2020 1,961
2021 2,472
2022 3,087

Swisscom share

  2018 2019 2020 2021 2022
Number of issued shares (in million of shares) 51.802 51.802 51.802 51.802 51.802
Market capitalisation 24,331 26,554 24,715 26,657 26,243
Closing price at end of period (in CHF) 469.70 512.60 477.10 514.60 506.60
Closing price highest (in CHF) 530.60 523.40 577.80 562.40 590.40
Closing price lowest (in CHF) 427.00 441.10 446.70 456.30 443.40
Ordinary dividend per share (in CHF) 22.00 22.00 22.00 22.00 22.00 2
Ratio payout/earnings per share (%) 74.63 68.16 74.48 62.20 71.13
  Number of issued shares (in million of shares)
2018 51.802
2019 51.802
2020 51.802
2021 51.802
2022 51.802
  Market capitalisation
2018 24,331
2019 26,554
2020 24,715
2021 26,657
2022 26,243
  Closing price at end of period (in CHF)
2018 469.70
2019 512.60
2020 477.10
2021 514.60
2022 506.60
  Closing price highest (in CHF)
2018 530.60
2019 523.40
2020 577.80
2021 562.40
2022 590.40
  Closing price lowest (in CHF)
2018 427.00
2019 441.10
2020 446.70
2021 456.30
2022 443.40
  Ordinary dividend per share (in CHF)
2018 22.00
2019 22.00
2020 22.00
2021 22.00
2022 22.00 2
  Ratio payout/earnings per share (%)
2018 74.63
2019 68.16
2020 74.48
2021 62.20
2022 71.13

Informations Switzerland

  2018 2019 2020 2021 2022
Net revenue 9,274 8,969 8,614 8,579 8,627
Operating income before depreciation and amortisation (EBITDA) 3,419 3,508 3,522 3,569 3,534
Capital expenditure 1,645 1,770 1,596 1,634 1,688
Full-time equivalent employees (number) 17,147 16,628 16,048 15,882 15,750
  Net revenue
2018 9,274
2019 8,969
2020 8,614
2021 8,579
2022 8,627
  Operating income before depreciation and amortisation (EBITDA)
2018 3,419
2019 3,508
2020 3,522
2021 3,569
2022 3,534
  Capital expenditure
2018 1,645
2019 1,770
2020 1,596
2021 1,634
2022 1,688
  Full-time equivalent employees (number)
2018 17,147
2019 16,628
2020 16,048
2021 15,882
2022 15,750

1 Swisscom has been applying IFRS 16 “Leases” since 1 January 2019. The prior year’s figures have not been adjusted.
2 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.