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In CHF million, except where indicated
   
  1st half-year
2017
  1st half-year
2016
 
Change
                 
Net revenue and results
Net revenue       5,690   5,769   –1.4%
Operating income before depreciation and amortisation (EBITDA) 1       2,260   2,227   1.5%
EBITDA as % of net revenue   %   39.7   38.6    
Operating income (EBIT) 2       1,203   1,135   6.0%
Net income       839   788   6.5%
Earnings per share   CHF   16.22   15.23   6.5%
                 
Balance sheet and cash flows
Equity at end of period 3       6,531   4,263   53.2%
Equity ratio at end of period 3,4   %   30.3   19.9    
Capital expenditure       1,057   1,193   –11.4%
Operating free cash flow 5       1,012   788   28.4%
Net debt at end of period 6       8,441   8,856   –4.7%
                 
Operational data at end of period
Fixed telephony access lines in Switzerland   in thousand   2,208   2,518   –12.3%
Broadband access lines in Switzerland   in thousand   1,989   1,978   0.6%
Swisscom TV access lines in Switzerland 7   in thousand   1,447   1,351   7.1%
Mobile access lines in Switzerland   in thousand   6,589   6,623   –0.5%
Revenue generating units (RGU) in Switzerland 8   in thousand   12,233   12,470   –1.9%
Unbundled fixed access lines in Switzerland   in thousand   116   125   –7.2%
Broadband access lines wholesale in Switzerland   in thousand   402   342   17.5%
Broadband access lines in Italy   in thousand   2,411   2,257   6.8%
Mobile acces lines in Italy   in thousand   880   606   45.2%
                 
Swisscom share at end of period
Number of issued shares at end of period   in thousand   51,802   51,802  
Closing price at end of period   CHF   462.70   482.70   –4.1%
Market capitalisation at end of period 9       23,969   25,005   –4.1%
                 
Employees at end of period
Full-time equivalent employees at end of period   FTE   20,775   21,443   –3.1%
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 and equity ratio 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 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 –49 k.
8 Definition revenue generating units (RGU) in Switzerland: fixed 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.