2 November 2017, 07.15 a.m. (9 a.m. teleconference) 

3rd quarter results: interim report January to September 2017

In the first nine months of 2017, Swisscom net revenue decreased by CHF 39 or 0.5% to CHF 8,604 million. In the Swiss core business revenue fell by CHF 153 million or 2.2%, attributable to the decline in fixed network telephony, high price pressure and increasing market saturation. In the first nine months of 2017 revenue from telco services dropped by CHF 130 million or 2.6%. This development continued in the third quarter of 2017 with a decline of CHF 54 million or 3.2%, mainly due to increased promotions and reduced roaming income. By contrast, revenue increased in growth areas, especially in the corporate customer solutions business (+0.9%). Italian subsidiary Fastweb revenue rose by EUR 96 million or 7.3% to EUR 1,414 million as a result of customer growth and higher wholesale revenues.


Swisscom's operating income before depreciation and amortization (EBITDA) increased by CHF 47 million or 1.4% to CHF 3,354 million. This increase is mainly attributable to the increased EBITDA from Fastweb, which rose by EUR 83 million or 16.9% to EUR 573 million. This includes one-time revenues from litigation amounting to EUR 95 million (previous year EUR 55 million). Once adjusted for these revenues, Fastweb’s EBITDA increased by EUR 43 million or 9.9%. Swiss core business saw a decrease in EBITDA of CHF 36 million or 1.3%, most of which could be compensated for by active cost management. Swisscom’s operating income (EBIT) rose by CHF 75 million or 4.4% to CHF 1,766 million, attributable to higher EBITDA and lower depreciation and amortisation. As a result of the higher operating income, net income rose by CHF 72 million or 6.0% to CHF 1,269 million.


Swisscom's investments decreased by CHF 181 million or 10.2% to CHF 1,587 million. In Switzerland the decrease was due to delayed investments in network expansion of CHF 195 million or 15.1% to CHF 1,097 million. The company is pushing ahead with broadband network expansion. Overall, by the the end of September 2017 Swisscom provided around 3.8 million homes and offices with ultra-fast broadband (more than 50 Mbit/s), of which approx. 2.3 million with more than 100 Mbit/s. Fastweb investments of EUR 441 million remain at a high level. The 2.6% rise is mainly attributable to higher customer-driven investments.


Key figures 1 January to 30 September 2017 


1.1. – 30.09.2016

1.1. – 30.09.2017


Net revenue (in CHF million)




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




Operating income EBIT (in CHF million)




Net income (in CHF million)




Swisscom TV access lines in Switzerland (as per 30 September in thousands)*




Mobile access lines in Switzerland (as per 30 September in thousands)




Of which postpaid mobile lines




Revenue from bundled contracts (in CHF million)




Broadband access lines Fastweb (as per 30 September in thousands)




Capital expenditure (in CHF million)




Of which capital expenditure Switzerland (in CHF million)




Group employees (FTEs as per 30 September)




Of which employees in Switzerland (FTEs as per 30 September)




* Adjustment non-activated TV lines 2016: -63 K

Press release 2 November 2017, 7:15 a.m.

Successful in the market

CEO Urs Schaeppi appears satisfied with the company’s business performance: “Swisscom has proven that it can adapt to a changing environment and we have recorded a solid result. The results may not look spectacular at first glance, but if you take a closer look at the figures, you will be able to see the radical changes made within our company. The Swiss telecoms market is saturated and prices are under pressure. I am therefore extremely pleased that we have enjoyed success on the market in spite of all these factors. Our customers appreciate the quality and the innovations provided by Swisscom. We attracted more than one million customers by the end of October with our inOne bundled offering – such a rapid increase in the space of a few months is a first in the history of Swisscom. Fastweb continues to make a significant contribution to our result. Our future projects, such as the switch to All IP and the expansion of the ultra-fast broadband network, ensure that we are on the right track to success. Thanks to a strong market performance and active cost management measures, we are all on track to meet the forecast for the year as a whole.”