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In CHF million, except where indicated       30.6.2019 1   30.6.2018   Change
                 
Net revenue and results
Net revenue       5,663   5,805   –2.4%
Operating income before depreciation and amortisation (EBITDA) 2       2,240   2,143   4.5%
EBITDA as % of net revenue   %   39.6   36.9    
Operating income (EBIT) 3       1,007   1,063   –5.3%
Net income       780   787   –0.9%
Earnings per share   CHF   15.10   15.25   –1.0%
     
Balance sheet and cash flows
Equity at end of period       7,890   7,685   2.7%
Equity ratio at end of period 1, 4   %   32.6   34.4    
Operating free cash flow proxy 5       806   1,074   –25.0%
Capital expenditure in property, plant and equipment and intangible assets       1,297   1,069   21.3%
Net debt at end of period 1, 6       9,542   8,146   17.1%
     
Operational data at end of period
Fixed telephony access lines in Switzerland   in thousand   1,683   1,906   –11.7%
Broadband access lines retail in Switzerland   in thousand   2,024   2,028   –0.2%
Swisscom TV access lines in Switzerland   in thousand   1,529   1,501   1.9%
Mobile access lines in Switzerland   in thousand   6,368   6,434   –1.0%
Revenue generating units (RGU) in Switzerland 7   in thousand   11,604   11,869   –2.2%
Unbundled fixed access lines in Switzerland   in thousand   79   95   –16.8%
Broadband access lines wholesale in Switzerland   in thousand   502   462   8.7%
Broadband access lines in Italy   in thousand   2,600   2,500   4.0%
Mobile access lines in Italy   in thousand   1,629   1,280   27.3%
       
Swisscom share
Number of issued shares at end of period   in thousand   51,802   51,802  
Market capitalisation at end of period 8       25,388   22,959   10.6%
Closing price at end of period   CHF   490.10   443.20   10.6%
                 
Employees
Full-time equivalent employees at end of period   number   19,564   19,895   –1.7%
Average number of full-time equivalent employees   number   19,667   20,284   –3.0%
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 1,314 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 99 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.