|In CHF million, except where indicated||30.6.2019 1||30.6.2018||Change|
|Net revenue and results|
|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%|
|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%|
|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%|
|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.