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In CHF million, except where indicated       31.3.2019 1   31.3.2018   Change
                 
Revenue and results
Net revenue       2,860   2,885   –0.9%
Operating income before depreciation and amortisation (EBITDA) 2       1,119   1,058   5.8%
EBITDA as % of net revenue   %   39.1   36.7    
Operating income (EBIT) 3       505   518   –2.5%
Net income       383   379   1.1%
Earnings per share   CHF   7.43   7.36   1.0%
     
Balance sheet and cash flows
Equity at end of period       8,390   8,399   –0.1%
Equity ratio at end of period 1, 4   %   34.8   36.8    
Operating free cash flow proxy 5       533   557   –4.3%
Capital expenditure in property, plant and equipment and intangible assets       518   501   3.4%
Net debt at end of period 1, 6       8,455   7,294   15.9%
     
Operational data at end of period
Fixed telephony access lines in Switzerland   in thousand   1,737   1,977   –12.1%
Broadband access lines retail in Switzerland   in thousand   2,030   2,025   0.2%
Swisscom TV access lines in Switzerland   in thousand   1,523   1,492   2.1%
Mobile access lines in Switzerland   in thousand   6,378   6,451   –1.1%
Revenue generating units (RGU) in Switzerland 7   in thousand   11,668   11,945   –2.3%
Unbundled fixed access lines in Switzerland   in thousand   83   100   –17.0%
Broadband access lines wholesale in Switzerland   in thousand   492   449   9.6%
Broadband access lines in Italy   in thousand   2,575   2,483   3.7%
Mobile acces lines in Italy   in thousand   1,517   1,185   28.0%
       
Swisscom share
Number of shares issued at end of period   in thousand   51,802   51,802  
Market capitalisation at end of period 8       25,228   24,533   2.8%
Closing price at end of period   CHF   487.00   473.60   2.8%
                 
Employees
Full-time equivalent employees at end of period   number   19,719   20,326   –3.0%
Average number of full-time equivalent employees   number   19,715   20,435   –3.5%
1 Swisscom has been applying IFRS 16 “Leases” since 1 January 2019. The prior year's figures have not been adjusted. As a consequence of the first-time application of IFRS 16, additional lease liabilities and right-of-use assets of CHF 1,319 million were reported with effect from 1 January 2019. As a result, the equity ratio fell to 34.2% as at 1 January 2019.
2 Definition operating income before depreciation and amortisation (EBITDA): operating income before depreciation and amortisation of property, plant and equipment, intangible assets and of right-of-use assets, gain on sale of subsidiaries, net financial result, share of results of equity-accounted investees and income tax expense. The EBITDA of the previous year includes expenses of CHF 52 million from operating leases in accordance with IAS 17.
3 Definition operating income (EBIT): operating income before gain on sale of subsidiaries, net financial result, share of results of equity-
accounted investees and income tax expense.
4 Equity as a percentage of total assets.
5 Definition operating free cash flow proxy: operating income before depreciation and amortisation (EBITDA), less lease expense according to IFRS 16 and capital expenditure in property, plant and equipment and intangible assets.
6 Definition net debt: financial liabilities and lease liabilities less cash and cash equivalents, current financial assets, non-current fixed interest-bearing financial assets and derivative financial instruments for financing received.
7 Definition revenue generating units (RGU) in Switzerland: fixed telephony access lines, broadband access lines retail, Swisscom TV
access lines and mobile access lines.
8 Closing price at end of period, multiplied by number of shares outstanding at end of period.