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  • Annual Results 2017

    All the figures and information on the 2017 financial year

Current results, figures and targets

What we have achieved and where we want to go: our results and financial targets in figures. All reports, results, comparisons, key data, news and downloads.

Latest results

7 February 2017, 7.15 a.m.

Publication of 2017 Annual Results and Annual Report

2 November 2017, 7.15 a.m.

3rd quarter results 2017: interim report

17 August 2017, 7.15 a.m.

Half-year results 2017: interim report

3 May 2017, 7.15 a.m.

1st quarter results 2017: interim report


Latest results

Forthcoming results

02 May 2018, 7.15 a.m.

Publication of Q1 2018 results and interim report

16 August 2018, 7.15 a.m.

Publication of Q2 2018 results and interim report

Forthcoming results

Key figures

Economic and social performance.

Key figures 2017

Income statement

Last year’s consolidated expenditure and income statement.

Income statement 2017

Balance sheet

Overview of assets and liabilities at the end of 2017.

Balance sheet 2017

Five-year review

Our development over time: comparison of key figures.

Comparison 2013 to 2017

Analyst Consensus Q4 2017

The analyst consensus (published as of January 10th 2018) reflects averages based on analyst estimates for key financial data received from December 11th 2017 to January 9th 2018.

The opinions, estimates and forecasts of analysts, and the consensus information presented derived from it, regarding Swisscom’s performance are the analysts’ alone and do not represent opinions, estimates or forecasts of Swisscom or its management. Swisscom has not verified any of the information it has received and makes no representation as to the accuracy or completeness of the consensus information. Nor does Swisscom endorse or concur with, or assume responsibility for, such analyst information or recommendations or assume any responsibility to update or supplement such information. This material is being provided for information purposes only and is not intended to, nor does it, constitute investment advice or any solicitation to buy, hold or sell securities or other financial instruments.
Consensus on Swisscom’s financial results also available from other sources and they could differ from what is reported above due to the different analysts involved, timing at which the data is collected and/or other reasons. Swisscom does not assume any liability for any potential discrepancy.


Key ratios 1 January to 31 December 2017

  2016 2017 Change
Net revenue (in CHF million) 11,643 11,662 0.2% 
Operating income before depreciation and amortisation, EBITDA (in CHF million) 4,293 4,295 0.0%
Operating income EBIT (in CHF million) 2,148 2,131 -0.8% 
Net income (in CHF million) 1,604 1,568 -2.2% 
Swisscom TV access lines in Switzerland (as per 31 December in thousands) 1,418 1,467 3.5%
Mobile access lines in Switzerland (as per 31 December in thousands) 6,612 6,637 0.4%
Revenue from bundled contracts (in CHF million) 2,502 2,837 13.4%
Broadband access lines Fastweb (as per 31 December, in thousands) 2,355 2,451 4.1%
Capital expenditure (in CHF million) 2,416 2,378 -1.6%
Of which capital expenditure Switzerland (in CHF million) 1,774 1,678 -5.4%
Group employees (FTEs as per 31 December) 21,127 20,506 -2.9%
Of which Switzerland (FTEs as per 31 December) 18,372 17,688 -3.7%

Net revenue: 2018 targets

Swisscom anticipates net revenue of around CHF 11.6 billion in 2018 (2017: CHF 11.662 billion). Due to strong competition and price pressure, Swisscom’s revenue without Fastweb is expected to decline. This will be partially offset by a rise in Fastweb’s revenue and positive currency translation effects.

Net revenue in CHF millions

EBITDA in CHF millions

EBITDA: 2018 targets

Swisscom anticipates EBITDA of around CHF 4.2 billion in 2018 (2017: CHF 4.295 billion). Swisscom’s EBITDA without Fastweb is expected to decline. The expected reduction in EBITDA is attributable to price pressure and continued declines in the number of fixed-line telephony connections. EBITDA will be positively affected by cost savings. Fastweb’s EBITDA is expected to be higher. The new accounting standard for recognising revenue IFRS 15 is likely to have a negative effect on EBITDA of around CHF 50 million. The foreign currency translation adjustments of Fastweb will have a positive effect on EBITDA.

Capital expenditure: 2018 targets

Swisscom expects capital expenditure of less than CHF 2.4 billion in 2018 (2017: CHF 2.378 billion). Capital expenditure for Swisscom is expected to be slightly lower without Fastweb and slightly higher at Fastweb.

Capital expenditure in CHF millions


Growth areas

Key drivers of success

Swisscom wants to capitalise on growth opportunities and exploit the potential of digitisation by continually developing its core business and tapping into new business areas. Its key growth drivers include the expansion of ultra-fast broadband, as well as the new 5G mobile telephony standard, new entertainment applications (such as Swisscom TV), the Internet of Things and the area of Wholesale. Solutions business is focussing on digital security offerings and the Swisscom Cloud. Sectors such as banking and healthcare are also providing new opportunities for growth through vertical ICT services. Internet-based business models are giving rise to growth in marketplaces (such as siroop and Mila), digital services for SMEs (such as localsearch) and support technologies (such as blockchain). Italian subsidiary Fastweb also plays a key role in efforts to realise growth opportunities.

Mega trends

Where we're headed

Mega trends change our habits, the way we work and live. None more so than the digitisation mega trend: we are always networked everywhere – for business or in private. We live in smart cities and work flexibly. We shop more discerningly and save resources. Besides all the benefits for society, mega trends also drive the economy – they open up growth markets for the ICT industry. And we build on that, by developing smart solutions today for the Switzerland of tomorrow. For there is no doubt about it, the future is digital.





New working environments

Demographic change