Swisscom books stable revenues for 2021

3 Feb 2022

Swiss full-service provider Swisscom has announced its financial results for the year to 31 December 2021, registering an 0.7% year-on-year increase in net revenues to CHF11.18 billion (USD12.15 billion). The group noted that competition drove down revenues from its Swiss core business to CHF8.23 billion (-0.2% y-o-y), including 3.3% drop in revenues from telecommunications services, which was partly offset by an uptick in earnings from IT solutions for business customers. Its Italian Fastweb division, meanwhile, continued to record revenues growth, booking a 3.8% increase in annual turnover, to EUR88 million (USD99.4 million). Annual EBITDA for the group rose 2.2% CHF4.48 billion, which Swisscom attributed in part to efficiency improvements and non-recurring items. Similarly, Swisscom noted that a 20% increase in annual net income – to CHF1.83 billion from CHF1.52 billion in 2020 – was due to the EBITDA improvement and non-recurring items such as gains from the sale of its investment in Belgacom International Carrier Services, and the transfer of Fastweb’s stake in Flash Fiber to FiberCop as a capital contribution.

Swisscom counted a total of 6.177 million mobile access lines as at end-December 2021, compared to 6.224 million a year earlier. Retail broadband subscriptions in Switzerland also declined, falling 0.3% y-o-y to 2.037 million. Regarding its fixed broadband operations in its domestic market, Swisscom said that it had connected 4.8 million homes and businesses to its ‘ultra-fast’ broadband service (which it defines as a download speed of more than 80Mbps), whilst 3.9 million premises were able to access downlink speeds of more than 200Mbps. Its ‘basic’ 5G network, meanwhile, has been expanded to cover 99% of the population, whilst its full ‘5G+’ network comprised 1,975 antennas in 888 locations at the end of 2021.

Switzerland, Fastweb, Swisscom