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  • 1st quarter results 2018

    Interim Report January to March 2018

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

2 May 2018, 7.15 a.m.

1st quarter results 2018: interim report

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

 

Latest results

Forthcoming results

16 August 2018, 7.15 a.m.

Publication of Q2 2018 results and interim report

1 November 2018, 7.15 a.m.

Publication of Q3 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 Q2 2018

The analyst consensus (published as of July 9th 2018) reflects averages based on analyst estimates for key financial data received from May 29th 2018 to July 6th 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 figures 1 January to 31 March 2018


  1.1.-31.3.2017 1.1.-31.3.2018 Change
Net revenue (in CHF million) 2,831 2,885 1.90%
Operating income before depreciation and amortisation, EBITDA (in CHF million) 1,073 1,058 -1.40%
Operating income EBIT (in CHF million) 550 518 -5.80%
Net income (in CHF million) 373 379 1.60%
Swisscom TV access lines in Switzerland (in thousands as of 31.03) 1,438 1,492 3.80%
Swisscom mobile access lines in Switzerland (in thousands as of 31.03) 6,601 6,632 0.50%
Fastweb broadband connections (in thousands as of 31.03) 2,400 2,483 3.50%
Fastweb mobile lines (in thousands as of 31.03) 763 1,185 55.30%
Capital expenditure (in CHF million) 529 501 -5.30%
Of which capital expenditure Switzerland (in CHF million) 362 315 -13.00%
Group employees (FTEs as per 31 March) 21,079 20,326 -3.60%
Of which employees in Switzerland (FTEs as per 31 March) 18,280 17,611 -3.70%




Financial goals and results



Net revenue

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.





EBITDA

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

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.




Outlook 2018: our focus

Network

Swisscom continues to extend its technology leadership. In 2018 it offers customers even better performance thanks to the 5G mobile communication rollout with up to 700 Mbit/s and expansion of fibre-optic technologies in around 300 communities with speeds of up to 1 Gbit/s.

Residential customers

Swisscom continues to extend penetration of its convergent inOne bundle product. New innovative products boost customer loyalty further, including exclusive football rights, unique content diversity, user friendliness on Swisscom TV and the no-frills Wingo product. 

Business customers

Swisscom is pushing ahead with digitisation in Switzerland, with Enterprise Customers supporting companies in the connected world. Growth opportunities are generated by sectors like healthcare and banking, in which Swisscom offers vertical ICT services, and the solution business focusing on digital security and the cloud. 

Efficiency

Swisscom is taking various steps to further improve its efficiency and save around CHF 100 million in 2018. 




Titel

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.

Digitisation

Urbanisation

Mobility

Security

New working environments

Demographic change

Personalisation

Sustainability



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 cautioned not to place undue reliance on forward-looking statements, which are only valid on the date that they are made.

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.