Swisscom expectations 2022

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.

Net revenue

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Sales development

Swisscom anticipates that net revenue will be around CHF 11.1 bn in 2022. Swisscom expects revenue of CHF 8.5 – 8.6 bn excluding Fastweb, with Fastweb generating around EUR 2.5 bn in revenue.

EBITDA development

Swisscom expects EBITDA to come in at around CHF 4.4 bn in 2022. This comprises EBITDA of around CHF 3.5 bn for Swisscom excluding Fastweb, plus EBITDA of EUR 0.8 – 0.9 bn for Fastweb.

EBITDA

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EBITDA-Entwicklung

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

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Capital expenditure development

Swisscom expects around CHF 2.3 bn in capital expenditure for 2022. Swisscom anticipates capital expenditure around CHF 1.7 bn excluding Fastweb, plus 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

Network

Swisscom continues to reinforce its position at the cutting edge of technology in the mobile communications and fixed networks through consistently high levels of investment. Despite political hurdles, nationwide coverage with 5G and optical fibre continues to be expanded. By modernising and simplifying the technology, the infrastructure is to become even more secure and more reliable.

Further information

Residential customers

In a saturated market, Swisscom is relying on better and better convergence offerings to maintain its leading market position. Comprehensive entertainment offering blue is the key to this, but smart home, security and cloud services as well as second- and third-party brands are also opening up new customer segments. The new digital omni-channel offering is designed to further stimulate sales and customer satisfaction.

Further information

Business customers

Swisscom is further expanding its strong position in the ICT solutions business for Business Customers through selective acquisitions and partnerships. It impresses with modular offerings in the core business, the best service and the best omni-channel offering. Combining IoT with cloud and analytics enables new growth.

By merging these segments into Business Customers, Swisscom offers Corporate Customers and SMEs a new modular product portfolio, even better service and maximum efficiency. Security, cloud, data centres and smart ICT solutions are the growth areas here.

Further information

Efficiency

Swisscom will further increase its efficiency and again achieve savings of around CHF 100 million in 2022. The savings will continue to be realised principally through a simplification of products, platforms and processes, a more streamlined organisation, and digital transformation.

Further information

Analyst Consensus Q3 2022

The analyst consensus (published as of October 6th 2022) reflects averages based on analyst estimates for key financial data received from September 8th – October 5th 2022.

Analyst Consensus Q3 2022(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.