Swisscom five-year summary 2019 to 2023

In CHF million, except where indicated

Revenue and results

  2019 2020 2021 2022 2023
Revenue 11,453 11,100 11,183 11,051 11,072
Operating income before depreciation and amortisation (EBITDA) 4,358 4,382 4,478 4,406 4,622
EBITDA as % of net revenue 38.1 39.5 40.0 39.9 41.7
Operating income (EBIT) 1,910 1,947 2,066 2,040 2,205
Net income 1,669 1,528 1,833 1,603 1,711
Earnings per share (CHF) 32.28 29.54 35.37 30.93 33.03
  Revenue
2019 11,453
2020 11,100
2021 11,183
2022 11,051
2023 11,072
  Operating income before depreciation and amortisation (EBITDA)
2019 4,358
2020 4,382
2021 4,478
2022 4,406
2023 4,622
  EBITDA as % of net revenue
2019 38.1
2020 39.5
2021 40.0
2022 39.9
2023 41.7
  Operating income (EBIT)
2019 1,910
2020 1,947
2021 2,066
2022 2,040
2023 2,205
  Net income
2019 1,669
2020 1,528
2021 1,833
2022 1,603
2023 1,711
  Earnings per share (CHF)
2019 32.28
2020 29.54
2021 35.37
2022 30.93
2023 33.03

Balance sheet and cash flows

  2019 2020 2021 2022 2023
Equity 8,875 9,491 10,813 11,171 11,622
Equity ratio (%) 36.6 39.1 43.6 45.4 47.0
Capital expenditure 2,438 2,229 2,286 2,309 2,292
Operating Free Cash Flow 1,626 1,853 1,891 1,811 2,042
Free Cash Flow 1,345 1,706 1,513 1,349 1.480
Net debt 8,785 8,206 7,706 7,374 7,071
  Equity
2019 8,875
2020 9,491
2021 10,813
2022 11,171
2023 11,622
  Equity ratio (%)
2019 36.6
2020 39.1
2021 43.6
2022 45.4
2023 47.0
  Capital expenditure
2019 2,438
2020 2,229
2021 2,286
2022 2,309
2023 2,292
  Operating Free Cash Flow
2019 1,626
2020 1,853
2021 1,891
2022 1,811
2023 2,042
  Free Cash Flow
2019 1,345
2020 1,706
2021 1,513
2022 1,349
2023 1.480
  Net debt
2019 8,785
2020 8,206
2021 7,706
2022 7,374
2023 7,071

Employees

  2019 2020 2021 2022 2023
Full-time equivalent employees (number) 19,317 19,062 18,905 19,157 19,729
Average number of full-time equivalent employees (number) 19,561 19,095 19,099 19,046 19,461
  Full-time equivalent employees (number)
2019 19,317
2020 19,062
2021 18,905
2022 19,157
2023 19,729
  Average number of full-time equivalent employees (number)
2019 19,561
2020 19,095
2021 19,099
2022 19,046
2023 19,461

Operational data at end of period

  2019 2020 2021 2022 2023
Fixed access lines in Switzerland (in thousands) 1,594 1,523 1,424 1,322 1,226
Broadband access lines retail in Switzerland (in thousands) 2,058 2,043 2,037 2,027 2,006
Mobile access lines in Switzerland (in thousands) 6,333 6,224 6,177 6,173 6,202
TV access lines in Switzerland (in thousands) 1,555 1,588 1,592 1,571 1,537
Broadband access lines in Italy (in thousands) 2,637 2,747 2,750 2,683 2,601
Broadband access lines retail in Italy (in thousands)  117 158 306 458 648
Mobile access lines in Italy (in thousands) 1,746 1,961 2,472 3,087 3,509
  Fixed access lines in Switzerland (in thousands)
2019 1,594
2020 1,523
2021 1,424
2022 1,322
2023 1,226
  Broadband access lines retail in Switzerland (in thousands)
2019 2,058
2020 2,043
2021 2,037
2022 2,027
2023 2,006
  Mobile access lines in Switzerland (in thousands)
2019 6,333
2020 6,224
2021 6,177
2022 6,173
2023 6,202
  TV access lines in Switzerland (in thousands)
2019 1,555
2020 1,588
2021 1,592
2022 1,571
2023 1,537
  Broadband access lines in Italy (in thousands)
2019 2,637
2020 2,747
2021 2,750
2022 2,683
2023 2,601
  Broadband access lines retail in Italy (in thousands)
2019 117
2020 158
2021 306
2022 458
2023 648
  Mobile access lines in Italy (in thousands)
2019 1,746
2020 1,961
2021 2,472
2022 3,087
2023 3,509

Swisscom share

  2019 2020 2021 2022 2023
Number of issued shares (in million of shares) 51.802 51.802 51.802 51.802 51.802
Market capitalisation 26,554 24,715 26,657 26,243 26,212
Closing price at end of period (in CHF) 512.60 477.10 514.60 506.60 506.00
Closing price highest (in CHF) 523.40 577.80 562.40 590.40 619.40
Closing price lowest (in CHF) 441.10 446.70 456.30 443.40 501.20
Ordinary dividend per share (in CHF) 22.00 22.00 22.00 22.00 22.00 1
Ratio payout/earnings per share (%) 68.16 74.48 62.20 71.13 66.61
  Number of issued shares (in million of shares)
2019 51.802
2020 51.802
2021 51.802
2022 51.802
2023 51.802
  Market capitalisation
2019 26,554
2020 24,715
2021 26,657
2022 26,243
2023 26,212
  Closing price at end of period (in CHF)
2019 512.60
2020 477.10
2021 514.60
2022 506.60
2023 506.00
  Closing price highest (in CHF)
2019 523.40
2020 577.80
2021 562.40
2022 590.40
2023 619.40
  Closing price lowest (in CHF)
2019 441.10
2020 446.70
2021 456.30
2022 443.40
2023 501.20
  Ordinary dividend per share (in CHF)
2019 22.00
2020 22.00
2021 22.00
2022 22.00
2023 22.00 1
  Ratio payout/earnings per share (%)
2019 68.16
2020 74.48
2021 62.20
2022 71.13
2023 66.61

Informations Switzerland

  2019 2020 2021 2022 2023
Net revenue 8,969 8,614 8,579 8,566 8,516
Operating income before depreciation and amortisation (EBITDA) 3,508 3,522 3,569 3,534 3,842
Capital expenditure 1,770 1,596 1,634 1,688 1,685
Full-time equivalent employees (number) 16,628 16,048 15,882 15,750 16,050
  Net revenue
2019 8,969
2020 8,614
2021 8,579
2022 8,566
2023 8,516
  Operating income before depreciation and amortisation (EBITDA)
2019 3,508
2020 3,522
2021 3,569
2022 3,534
2023 3,842
  Capital expenditure
2019 1,770
2020 1,596
2021 1,634
2022 1,688
2023 1,685
  Full-time equivalent employees (number)
2019 16,628
2020 16,048
2021 15,882
2022 15,750
2023 16,050

1 In accordance with the proposal of the Board of Directores to the Annual General Meeting.

The financial report is available in English, French and German. The German version is binding.