Swisscom expectations 2023

Swisscom has, for many years now, continued to perform well in a challenging market environment. Our outlook explains how we expect the market and our business to develop over the current year.


in CHF million


{compare} above the annual target

Revenue development

Swisscom anticipates that revenue will be CHF 11.1 – 11.2 bn in 2023. Revenue of around CHF 8.6 bn are expected for the Swisscom Group excluding Fastweb, and EUR 2.5 – 2.6 bn for Fastweb.

EBITDA development

Swisscom expects EBITDA to come in at CHF 4.6 – 4.7 bn in 2023. This comprises EBITDA of CHF 3.7 – 3.8 bn for the Swisscom Group excluding Fastweb, and EBITDA of around EUR 0.9 bn for Fastweb.


in CHF million


{compare} above the annual target


Swisscom erwartet für 2022 einen EBITDA von rund CHF 4,4 Mrd. Für Swisscom ohne Fastweb wird mit einem EBITDA von rund CHF 3,5 Mrd. gerechnet, für Fastweb mit einem EBITDA von EUR 0,8 bis 0,9 Mrd.

Capital expenditure

in CHF million


{compare} above the annual target

Capital expenditure development

Swisscom expects around CHF 2.3 bn in capital expenditure for 2023. Capital expenditure of around CHF 1.7 bn are expected for the Swisscom Group excluding Fastweb, and around EUR 0.6 bn for Fastweb.

“Simplification and ongoing efficiency improvements are the key to stabilising our Swiss business.”

Eugen Stermetz,
CFO Swisscom

Areas of focus for the Swiss market


By maintaining its high level of investment in its network and IT, Swisscom is enhancing its competitiveness and enabling new growth. The focus is on network expansion with fibre optics and 5G+. Further consolidation and cloudification makes our infrastructure more resilient, flexible and cost-effective.

Residential customers

Swisscom aims to expand its leading market position and value creation in the B2C area. Smart pricing, product, promotion and branding policies are driving customer loyalty. Entertainment, accessories and services are fuelling new growth. New innovative concepts are being applied in sales and support.

Business customers

Swisscom is keen to continue to build on its strong market position in the business customer segment – both in the core telecommunications business by enhancing value differentiation and through further expansion as a leading IT service provider. We want to provide the most reliable solutions in hybrid ICT environments and the best customer experience.


Swisscom will further increase efficiency in its Swiss core business, mainly by simplifying products, platforms and processes and by making the organisation leaner. However, in 2023, inflation, with rising energy prices and higher labour costs, is making it impossible to keep the cost-cutting momentum going after savings in excess of CHF 100 million in each of the last few years.

Analyst Consensus Q2 2023

The analyst consensus (published as of July 7th 2023) reflects averages based on analyst estimates for key financial data received from 26 June to 6 July 2023.

Analyst Consensus Q2 2023(opens in new tab)

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Forward-looking statements

This interim report contains forward-looking statements. The forward-looking statements in this interim report may include statements relating to our financial condition and our operational and business results in addition to specific strategic plans and objectives.

Since these forward-looking statements are subject to risks and uncertainties, actual future results may differ materially from those expressed in or implied by the statements. Many of these risks and uncertainties relate to factors that are beyond Swisscom’s ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behaviour of other market participants, the actions of governmental regulators and other risk factors detailed in Swisscom’s and Fastweb’s past and future filings and reports, including those filed with the U.S. Securities and Exchange Commission and in past and future filings, press releases, reports and other information posted on Swisscom Group companies’ websites

Readers are advised not to place undue reliance on forward-looking statements, which are valid only on the date of publication.

Swisscom disclaims any intention or obligation to update and revise any forward-looking statements, whether as a result of new information, future events or other factors.