Quarterly review 2012 and 2013
In CHF million, except where indicated |
1. quarter |
2. quarter |
3. quarter |
4. quarter |
2012 |
1. quarter |
2. quarter |
3. quarter |
4. quarter |
2013 |
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Income statement | ||||||||||||||||||||
Net revenue | 2,802 | 2,819 | 2,806 | 2,957 | 11,384 | 2,734 | 2,862 | 2,867 | 2,971 | 11,434 | ||||||||||
Goods and services purchased | (555) | (566) | (566) | (712) | (2,399) | (552) | (604) | (561) | (621) | (2,338) | ||||||||||
Personnel expense | (676) | (659) | (606) | (544) | (2,485) | (671) | (691) | (638) | (706) | (2,706) | ||||||||||
Other operating expenses | (564) | (551) | (590) | (691) | (2,396) | (557) | (599) | (596) | (724) | (2,476) | ||||||||||
Capitalised costs and other income | 91 | 83 | 78 | 121 | 373 | 77 | 103 | 74 | 134 | 388 | ||||||||||
Operating income (EBITDA) | 1,098 | 1,126 | 1,122 | 1,131 | 4,477 | 1,031 | 1,071 | 1,146 | 1,054 | 4,302 | ||||||||||
Depreciation and amortisation | (481) | (482) | (491) | (496) | (1,950) | (491) | (501) | (509) | (543) | (2,044) | ||||||||||
Operating income (EBIT) | 617 | 644 | 631 | 635 | 2,527 | 540 | 570 | 637 | 511 | 2,258 | ||||||||||
Net interest expense | (58) | (61) | (67) | (63) | (249) | (63) | (62) | (62) | (64) | (251) | ||||||||||
Other financial result | (18) | (15) | (10) | (34) | (77) | (2) | 4 | (11) | 1 | (8) | ||||||||||
Result of associates | 6 | 8 | 11 | 7 | 32 | 6 | 6 | 6 | 12 | 30 | ||||||||||
Income before income taxes | 547 | 576 | 565 | 545 | 2,233 | 481 | 518 | 570 | 460 | 2,029 | ||||||||||
Income tax expense | (102) | (114) | (116) | (86) | (418) | (91) | (89) | (116) | (38) | (334) | ||||||||||
Net income | 445 | 462 | 449 | 459 | 1,815 | 390 | 429 | 454 | 422 | 1,695 | ||||||||||
Share attributable to equity holders of Swisscom Ltd | 442 | 458 | 448 | 460 | 1,808 | 388 | 427 | 450 | 420 | 1,685 | ||||||||||
Share attributable to non-controlling interests | 3 | 4 | 1 | (1) | 7 | 2 | 2 | 4 | 2 | 10 | ||||||||||
Earnings per share (in CHF) | 8.53 | 8.84 | 8.65 | 8.88 | 34.90 | 7.49 | 8.24 | 8.69 | 8.11 | 32.53 | ||||||||||
Net revenue | ||||||||||||||||||||
Swisscom Switzerland | 2,079 | 2,086 | 2,108 | 2,188 | 8,461 | 2,041 | 2,109 | 2,122 | 2,177 | 8,449 | ||||||||||
Fastweb | 510 | 516 | 492 | 530 | 2,048 | 487 | 509 | 494 | 528 | 2,018 | ||||||||||
Other operating segments | 427 | 425 | 415 | 461 | 1,728 | 412 | 454 | 460 | 493 | 1,819 | ||||||||||
Group Headquarters | – | 1 | – | 1 | 2 | – | 1 | – | – | 1 | ||||||||||
Intersegment elimination | (214) | (209) | (209) | (223) | (855) | (206) | (211) | (209) | (227) | (853) | ||||||||||
Total net revenue | 2,802 | 2,819 | 2,806 | 2,957 | 11,384 | 2,734 | 2,862 | 2,867 | 2,971 | 11,434 | ||||||||||
Segment result before depreciation and amortisation | ||||||||||||||||||||
Swisscom Switzerland | 923 | 935 | 933 | 766 | 3,557 | 877 | 888 | 948 | 834 | 3,547 | ||||||||||
Fastweb | 131 | 149 | 148 | 174 | 602 | 119 | 139 | 155 | 207 | 620 | ||||||||||
Other operating segments | 70 | 75 | 70 | 59 | 274 | 73 | 86 | 78 | 66 | 303 | ||||||||||
Group Headquarters | (27) | (30) | (29) | (24) | (110) | (29) | (30) | (27) | (41) | (127) | ||||||||||
Reconciliation pension cost | 6 | 3 | 4 | 166 | 179 | (5) | (7) | (4) | (1) | (17) | ||||||||||
Intersegment elimination | (5) | (6) | (4) | (10) | (25) | (4) | (5) | (4) | (11) | (24) | ||||||||||
Total segment result (EBITDA) | 1,098 | 1,126 | 1,122 | 1,131 | 4,477 | 1,031 | 1,071 | 1,146 | 1,054 | 4,302 | ||||||||||
Capital expenditure in property, plant and equipment and other intangible assets | ||||||||||||||||||||
Swisscom Switzerland | 337 | 329 | 679 | 507 | 1,852 | 284 | 354 | 361 | 517 | 1,516 | ||||||||||
Fastweb | 135 | 140 | 118 | 138 | 531 | 155 | 160 | 168 | 212 | 695 | ||||||||||
Other operating segments | 36 | 49 | 45 | 37 | 167 | 38 | 38 | 56 | 63 | 195 | ||||||||||
Group Headquarters | – | – | – | 1 | 1 | – | – | – | – | – | ||||||||||
Intersegment elimination | (6) | (3) | (6) | (7) | (22) | (3) | (5) | (6) | 4 | (10) | ||||||||||
Total capital expenditure | 502 | 515 | 836 | 676 | 2,529 | 474 | 547 | 579 | 796 | 2,396 | ||||||||||
Full-time equivalent employees at end of year | ||||||||||||||||||||
Swisscom Switzerland | 11,999 | 11,915 | 11,884 | 11,862 | 11,862 | 12,018 | 12,344 | 12,513 | 12,463 | 12,463 | ||||||||||
Fastweb | 3,064 | 3,032 | 2,911 | 2,893 | 2,893 | 2,389 | 2,379 | 2,370 | 2,363 | 2,363 | ||||||||||
Other operating segments | 4,501 | 4,509 | 4,457 | 4,419 | 4,419 | 4,505 | 4,802 | 4,991 | 4,964 | 4,964 | ||||||||||
Group Headquarters | 350 | 349 | 343 | 340 | 340 | 335 | 334 | 320 | 318 | 318 | ||||||||||
Total headcount | 19,914 | 19,805 | 19,595 | 19,514 | 19,514 | 19,247 | 19,859 | 20,194 | 20,108 | 20,108 | ||||||||||
Operating free cash flow | 483 | 496 | 279 | 624 | 1,882 | 245 | 615 | 528 | 590 | 1,978 | ||||||||||
Net debt | 8,390 | 9,144 | 8,622 | 8,071 | 8,071 | 7,931 | 8,622 | 8,263 | 7,812 | 7,812 |
In CHF million, except where indicated |
1. quarter |
2. quarter |
3. quarter |
4. quarter |
2012 |
1. quarter |
2. quarter |
3. quarter |
4. quarter |
2013 |
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Swisscom Switzerland Net revenue and results | ||||||||||||||||||||
Residential Customers | 465 | 476 | 474 | 443 | 1,858 | 428 | 442 | 469 | 444 | 1,783 | ||||||||||
Small and Medium-Sized Enterprises | 119 | 125 | 118 | 110 | 472 | 104 | 109 | 109 | 107 | 429 | ||||||||||
Corporate Business | 147 | 155 | 152 | 148 | 602 | 141 | 145 | 142 | 142 | 570 | ||||||||||
Revenue mobile single subscriptions | 731 | 756 | 744 | 701 | 2,932 | 673 | 696 | 720 | 693 | 2,782 | ||||||||||
Residential Customers | 354 | 336 | 328 | 320 | 1,338 | 304 | 289 | 284 | 280 | 1,157 | ||||||||||
Small and Medium-Sized Enterprises | 136 | 132 | 128 | 127 | 523 | 124 | 121 | 119 | 117 | 481 | ||||||||||
Corporate Business | 153 | 152 | 151 | 153 | 609 | 146 | 146 | 143 | 142 | 577 | ||||||||||
Revenue fixed-line single subscriptions | 643 | 620 | 607 | 600 | 2,470 | 574 | 556 | 546 | 539 | 2,215 | ||||||||||
Residential Customers | 233 | 250 | 281 | 296 | 1,060 | 309 | 330 | 352 | 369 | 1,360 | ||||||||||
Small and Medium-Sized Enterprises | 20 | 22 | 32 | 38 | 112 | 40 | 46 | 52 | 55 | 193 | ||||||||||
Revenue bundles | 253 | 272 | 313 | 334 | 1,172 | 349 | 376 | 404 | 424 | 1,553 | ||||||||||
Total revenue single subscriptions and bundles | 1,627 | 1,648 | 1,664 | 1,635 | 6,574 | 1,596 | 1,628 | 1,670 | 1,656 | 6,550 | ||||||||||
Solution business | 85 | 87 | 88 | 100 | 360 | 84 | 87 | 90 | 99 | 360 | ||||||||||
Hardware sales | 137 | 135 | 122 | 167 | 561 | 128 | 143 | 143 | 181 | 595 | ||||||||||
Wholesale | 153 | 147 | 151 | 143 | 594 | 149 | 146 | 148 | 145 | 588 | ||||||||||
Revenue other | 63 | 56 | 68 | 131 | 318 | 68 | 90 | 56 | 82 | 296 | ||||||||||
Total revenue from external customers | 2,065 | 2,073 | 2,093 | 2,176 | 8,407 | 2,025 | 2,094 | 2,107 | 2,163 | 8,389 | ||||||||||
Residential Customers | 1,208 | 1,204 | 1,227 | 1,300 | 4,939 | 1,190 | 1,247 | 1,254 | 1,294 | 4,985 | ||||||||||
Small and Medium-Sized Enterprises | 281 | 287 | 284 | 283 | 1,135 | 274 | 282 | 286 | 286 | 1,128 | ||||||||||
Corporate Business | 423 | 435 | 431 | 450 | 1,739 | 412 | 419 | 419 | 438 | 1,688 | ||||||||||
Wholesale | 153 | 147 | 151 | 143 | 594 | 149 | 146 | 148 | 145 | 588 | ||||||||||
Revenue from external customers | 2,065 | 2,073 | 2,093 | 2,176 | 8,407 | 2,025 | 2,094 | 2,107 | 2,163 | 8,389 | ||||||||||
Segment result before depreciation and amortisation | ||||||||||||||||||||
Residential Customers | 748 | 744 | 735 | 659 | 2,886 | 710 | 731 | 759 | 698 | 2,898 | ||||||||||
Small and Medium-Sized Enterprises | 223 | 225 | 223 | 211 | 882 | 213 | 216 | 222 | 213 | 864 | ||||||||||
Corporate Business | 230 | 235 | 242 | 238 | 945 | 220 | 226 | 231 | 230 | 907 | ||||||||||
Wholesale | 94 | 89 | 93 | 91 | 367 | 96 | 96 | 97 | 95 | 384 | ||||||||||
Network & IT | (372) | (358) | (360) | (433) | (1,523) | (362) | (380) | (363) | (401) | (1,506) | ||||||||||
Intersegment elimination | – | – | – | – | – | – | (1) | 2 | (1) | – | ||||||||||
Total segment result (EBITDA) | 923 | 935 | 933 | 766 | 3,557 | 877 | 888 | 948 | 834 | 3,547 | ||||||||||
Margin as % of net revenue | 44.4 | 44.8 | 44.3 | 35.0 | 42.0 | 43.0 | 42.1 | 44.7 | 38.3 | 42.0 | ||||||||||
Fastweb, in EUR million | ||||||||||||||||||||
Residential Customers | 182 | 182 | 179 | 181 | 724 | 186 | 186 | 186 | 186 | 744 | ||||||||||
Corporate Business | 183 | 196 | 193 | 219 | 791 | 178 | 193 | 188 | 212 | 771 | ||||||||||
Wholesale hubbing | 27 | 28 | 16 | 16 | 87 | 14 | 11 | 9 | 11 | 45 | ||||||||||
Wholesale other | 29 | 22 | 19 | 22 | 92 | 19 | 21 | 19 | 19 | 78 | ||||||||||
Revenue from external customers | 421 | 428 | 407 | 438 | 1,694 | 397 | 411 | 402 | 428 | 1,638 | ||||||||||
Segment result (EBITDA) | 109 | 124 | 122 | 145 | 500 | 97 | 113 | 126 | 169 | 505 | ||||||||||
Margin as % of net revenue | 25.8 | 28.8 | 29.9 | 33.0 | 29.4 | 24.4 | 27.4 | 31.3 | 39.4 | 30.8 | ||||||||||
Capital expenditure in property, plant and Equipment and other intangible assets | 112 | 116 | 98 | 115 | 441 | 126 | 130 | 137 | 172 | 565 | ||||||||||
Broadband access lines in thousand | 1,654 | 1,673 | 1,704 | 1,767 | 1,767 | 1,861 | 1,887 | 1,911 | 1,942 | 1,942 |
In thousand, except where indicated |
1. quarter |
2. quarter |
3. quarter |
4. quarter |
2012 |
1. quarter |
2. quarter |
3. quarter |
4. quarter |
2013 |
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Swisscom Switzerland Operational data | ||||||||||||||||||||
Access lines | ||||||||||||||||||||
Single subscriptions | 2,536 | 2,465 | 2,407 | 2,350 | 2,350 | 2,272 | 2,207 | 2,142 | 2,073 | 2,073 | ||||||||||
Bundles | 557 | 593 | 627 | 663 | 663 | 698 | 729 | 763 | 806 | 806 | ||||||||||
Fixed access lines | 3,093 | 3,058 | 3,034 | 3,013 | 3,013 | 2,970 | 2,936 | 2,905 | 2,879 | 2,879 | ||||||||||
Single subscriptions | 1,023 | 995 | 969 | 939 | 939 | 909 | 878 | 843 | 810 | 810 | ||||||||||
Bundles | 659 | 699 | 739 | 788 | 788 | 842 | 889 | 938 | 1,001 | 1,001 | ||||||||||
Broadband access lines retail | 1,682 | 1,694 | 1,708 | 1,727 | 1,727 | 1,751 | 1,767 | 1,781 | 1,811 | 1,811 | ||||||||||
Single subscriptions | 236 | 245 | 248 | 270 | 270 | 291 | 289 | 281 | 276 | 276 | ||||||||||
Bundles | 419 | 449 | 480 | 521 | 521 | 569 | 613 | 662 | 724 | 724 | ||||||||||
Swisscom TV access lines | 655 | 694 | 728 | 791 | 791 | 860 | 902 | 943 | 1,000 | 1,000 | ||||||||||
Prepaid single subscriptions | 2,243 | 2,231 | 2,210 | 2,199 | 2,199 | 2,196 | 2,180 | 2,173 | 2,176 | 2,176 | ||||||||||
Postpaid single subscriptions | 3,657 | 3,654 | 3,672 | 3,702 | 3,702 | 3,741 | 3,763 | 3,783 | 3,812 | 3,812 | ||||||||||
Mobile access lines single subscriptions | 5,900 | 5,885 | 5,882 | 5,901 | 5,901 | 5,937 | 5,943 | 5,956 | 5,988 | 5,988 | ||||||||||
Bundles | 182 | 229 | 271 | 316 | 316 | 333 | 364 | 390 | 419 | 419 | ||||||||||
Mobile access lines | 6,082 | 6,114 | 6,153 | 6,217 | 6,217 | 6,270 | 6,307 | 6,346 | 6,407 | 6,407 | ||||||||||
Revenue generating units (RGU) | 11,512 | 11,560 | 11,623 | 11,748 | 11,748 | 11,851 | 11,912 | 11,975 | 12,097 | 12,097 | ||||||||||
Broadband access lines wholesale | 179 | 176 | 181 | 186 | 186 | 196 | 201 | 208 | 215 | 215 | ||||||||||
Unbundled fixed access lines | 312 | 317 | 310 | 300 | 300 | 290 | 280 | 268 | 256 | 256 | ||||||||||
Bundles | ||||||||||||||||||||
2play bundles | 240 | 237 | 239 | 248 | 248 | 257 | 264 | 270 | 279 | 279 | ||||||||||
3play bundles | 347 | 374 | 387 | 403 | 403 | 428 | 451 | 479 | 517 | 517 | ||||||||||
4play bundles | 72 | 88 | 113 | 137 | 137 | 157 | 174 | 189 | 205 | 205 | ||||||||||
Total bundles | 659 | 699 | 739 | 788 | 788 | 842 | 889 | 938 | 1,001 | 1,001 | ||||||||||
Data traffic in million | ||||||||||||||||||||
Fixed-line traffic in minutes | 2,158 | 1,989 | 1,847 | 1,961 | 7,955 | 1,918 | 1,889 | 1,728 | 1,830 | 7,365 | ||||||||||
Mobile traffic in minutes | 1,654 | 1,633 | 1,612 | 1,683 | 6,582 | 1,728 | 1,817 | 1,770 | 1,831 | 7,146 | ||||||||||
Data SMS mobile | 691 | 694 | 694 | 677 | 2,756 | 628 | 607 | 598 | 552 | 2,385 | ||||||||||
Swisscom Group Information by geographical regions | ||||||||||||||||||||
Net revenue in Switzerland | 2,278 | 2,285 | 2,299 | 2,406 | 9,268 | 2,235 | 2,337 | 2,358 | 2,428 | 9,358 | ||||||||||
Net revenue in other countries | 524 | 534 | 507 | 551 | 2,116 | 499 | 525 | 509 | 543 | 2,076 | ||||||||||
Total net revenue | 2,802 | 2,819 | 2,806 | 2,957 | 11,384 | 2,734 | 2,862 | 2,867 | 2,971 | 11,434 | ||||||||||
EBITDA Switzerland | 966 | 980 | 979 | 939 | 3,864 | 910 | 933 | 993 | 849 | 3,685 | ||||||||||
EBITDA in other countries | 132 | 146 | 143 | 192 | 613 | 121 | 138 | 153 | 205 | 617 | ||||||||||
Total EBITDA | 1,098 | 1,126 | 1,122 | 1,131 | 4,477 | 1,031 | 1,071 | 1,146 | 1,054 | 4,302 | ||||||||||
Capital expenditure in Switzerland | 366 | 374 | 718 | 536 | 1,994 | 319 | 387 | 409 | 571 | 1,686 | ||||||||||
Capital expenditure in other countries | 136 | 141 | 118 | 140 | 535 | 155 | 160 | 170 | 225 | 710 | ||||||||||
Total capital expenditure | 502 | 515 | 836 | 676 | 2,529 | 474 | 547 | 579 | 796 | 2,396 | ||||||||||
Full-time equivalent employees in Switzerland | 16,503 | 16,426 | 16,339 | 16,269 | 16,269 | 16,483 | 17,099 | 17,449 | 17,362 | 17,362 | ||||||||||
Full-time equivalent employees in other countries | 3,411 | 3,379 | 3,256 | 3,245 | 3,245 | 2,764 | 2,760 | 2,745 | 2,746 | 2,746 | ||||||||||
Total headcount | 19,914 | 19,805 | 19,595 | 19,514 | 19,514 | 19,247 | 19,859 | 20,194 | 20,108 | 20,108 |