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  • Half-year results 2017

    Interim Report January to June 2017 

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

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

8 February 2017, 7.15 a.m.

Publication of 2016 Annual Results and Annual Report

3 November 2016, 7.15 a.m.

3rd quarter results 2016: interim report

 

Latest results

Forthcoming results

2. November 2017, 7.15 a.m.

3rd Quarter Result: Interim Report January to September 2017

7. February 2017, 7.15 a.m.

Publication of FY 2017 results and annual report

Forthcoming results






Key figures

Economic, environmental and social performance.

Key figures 2016

Income statement

Last year’s consolidated expenditure and income statement.

Income statement 2016

Balance sheet

Overview of assets and liabilities at the end of 2016.

Balance sheet 2016

Five-year review

Our development over time: comparison of key figures.

Comparison 2012 to 2016





Analyst Consensus Q3 2017

The analyst consensus (published as of October 9th 2017) reflects averages based on analyst estimates for key financial data received from September 5th 2017 to October 6th 2017.


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.







Half-year results 2017


  1.1. – 30.06.2016 1.1. – 30.06.2017 Change
Net revenue (in CHF million) 5’769 5’690 -1.4%
Operating income before depreciation and amortisation (EBITDA) (in CHF million) 2’227 2’260 1,5%
Operating income (EBIT) (in CHF million) 1’135 1’203 6,0%
Net income (in CHF million) 788 839 6,5%
Swisscom TV access lines in Switzerland (in thousands as at 30 June) 1’351 1’447 7,1%
Mobile access lines in Switzerland (in thousands as at 30 June) 6’623 6’589 -0,5%
Revenue from bundled contracts (in CHF million) 1'213
1'370
12,9%
Fastweb broadband access lines (in thousands as at 30 June) 2’257 2’411 6,8%
Capital expenditure (in CHF million) 1’193 1’057 -11,4%
Of which capital expenditure in Switzerland (in CHF million) 876
728
-16,9%
Group headcount (FTEs as at 30 June) 21’443 20’775 -3,1%
Of which in Switzerland (FTEs as at 30 June) 18’754 17’974 -4,2%




Net revenue: 2017 targets

For 2017 Swisscom expects net revenue of around CHF 11.6 billion (2016: CHF 11.643 billion). For Swisscom without Fastweb, a slight decline in revenue is expected due to high competition and price pressure. A slight increase in revenue is expected for Fastweb.


Net revenue in CHF millions






EBITDA in CHF millions

EBITDA: 2017 targets

For 2017 Swisscom expects an EBITDA of around CHF 4.3 billion (2016: CHF 4.293 billion). EBITDA for Swisscom, excluding Fastweb, is expected to be around CHF 100 million lower year-on-year. The reduction in EBITDA is first of all attributable to price pressure and the decline in the number of fixed-line telephony connections. In addition, costs for roaming are expected to increase. EBITDA will be positively affected by cost savings. The EBITDA outlook for Fastweb is up by CHF 100 million thanks to one-off income from legal proceedings.





Capital expenditure: 2017 targets

For 2017 Swisscom expects capital expenditure of some CHF 2.4 billion (2016: CHF 2.416 billion). Capital expenditure is expected is decline slightly at Swisscom (excluding Fastweb), while increasing modestly at Fastweb.


Capital expenditure in CHF millions





Growth areas

Key drivers of success

The launch of Swisscom's convergent digital TV offering Swisscom TV 2.0, packages and mobile flat rates are the key drivers of success in the Residential Customers segment. The cloud is becoming increasingly important for both residential and enterprise customers, which is why we have opened the most advanced data centre in Switzerland. In the Enterprise Customers division we are boosting growth with new integrated solutions for banks. Other growth areas include the healthcare sector, Smart Living and advertising marketing activities, in which we are tapping new opportunities partnered by Ringier and SRG.




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.

Digitisation

Urbanisation

Mobility

Security

New working environments

Demographic change

Personalisation

Sustainability