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In CHF million, except where indicated       31.3.2017   31.3.2016   Change
                 
Revenue and results
Net revenue       2,831   2,885   –1.9%
Operating income before depreciation and amortisation (EBITDA) 1       1,073   1,081   –0.7%
EBITDA as % of net revenue   %   37.9   37.5    
Operating income (EBIT) 2       550   535   2.8%
Net income       373   364   2.5%
Earnings per share   CHF   7.20   7.05   2.1%
 
Balance sheet and cash flows
Equity at end of period 3       6,897   4,928   40.0%
Equity ratio at end of period 4   %   31.8   22.9    
Capital expenditure       529   596   –11.2%
Operating free cash flow 5       463   184   151.6%
Net debt at end of period 6       7,689   8,108   –5.2%
 
Operational data at end of period
Fixed telephony access lines in Switzerland   in thousand   2,297   2,582   –11.0%
Broadband access lines in Switzerland   in thousand   1,988   1,968   1.0%
Swisscom TV access lines in Switzerland 7   in thousand   1,438   1,323   8.7%
Mobile access lines in Switzerland   in thousand   6,601   6,615   –0.2%
Revenue generating units (RGU) in Switzerland 8   in thousand   12,324   12,488   –1.3%
Unbundled fixed access lines in Switzerland   in thousand   120   120  
Broadband access lines wholesale in Switzerland   in thousand   385   329   17.0%
Broadband access lines in Italy   in thousand   2,400   2,241   7.1%
Mobile acces lines in Italy   in thousand   763   582   31.1%
   
Swisscom share
Number of shares issued at end of period   in thousand   51,802   51,802  
Closing price at end of period   CHF   462.10   522.50   –11.6%
Market capitalisation at end of period 9       23,938   27,067   –11.6%
                 
Employees
Full-time equivalent employees at end of period   FTE   21,079   21,645   –2.6%
1 Definition operating income before depreciation and amortisation (EBITDA): operating income before depreciation and amortisation and impairment losses on tangible and intangible assets, gain on sale of subsidiaries, net financial result, share of results of associates and income tax expense.
2 Definition operating income (EBIT): operating income before gain on sale of subsidiaries, net financial result, share of results of associates and income tax expense.
3 The increase in equity is primarily due to the decrease in the carrying amount of the defined benefit obligations (applying risk sharing, plan amendement, increase in discount rate).
4 Equity as a percentage of total assets.
5 Definition operating free cash flow: operating income before depreciation and amortisation (EBITDA), change in operating assets and liabilities (excluding cash and cash equivalents) less net capital expenditure in tangible and other intangible assets and dividends paid to non-controlling interests.
6 Definition net debt: financial liabilities less cash and cash equivalents, current financial assets and non-current fixed-interest-bearing deposits.
7 In 2016, adjustment of not activated TV access lines –44 k.
8 Definition revenue generating units (RGU) in Switzerland: fixed telephony access lines, broadband access lines retail, Swisscom TV access lines and mobile access lines.
9 Closing price at end of period, multiplied by number of shares outstanding at end of period.