KPIs

In CHF million, except where indicated		2021	2020	Change

Net revenue and results¹
Net revenue		11,183	11,100	0.7%
Operating income before depreciation and amortisation (EBITDA)		4,478	4,382	2.2%
EBITDA as % of net revenue	%	40.0	39.5
EBITDA after lease expense (EBITDA AL)		4,177	4,082	2.3%
Operating income (EBIT)		2,066	1,947	6.1%
Net income		1,833	1,528	20.0%
Earnings per share	CHF	35.37	29.54	19.7%


Balance sheet and cash flows¹
Equity		10,813	9,491	13.9%
Equity ratio	%	43.6	39.1
Operating free cash flow proxy		1,891	1,853	2.1%
Capital expenditure		2,286	2,229	2.6%
Net debt		5,689	6,218	–8.5%


Operational data
Fixed telephony access lines in Switzerland	in thousand	1,424	1,523	–6.5%
Broadband access lines retail in Switzerland	in thousand	2,037	2,043	–0.3%
TV access lines in Switzerland	in thousand	1,592	1,588	0.3%
Mobile access lines in Switzerland	in thousand	6,177	6,224	–0.8%
Revenue generating units (RGU) in Switzerland	in thousand	11,230	11,378	–1.3%
Broadband access lines wholesale in Switzerland	in thousand	596	555	7.4%
Broadband access lines in Italy	in thousand	2,750	2,747	0.1%
Mobile access lines in Italy	in thousand	2,472	1,961	26.1%


Swisscom share
Number of issued shares	in thousand	51,802	51,802	–
Market capitalisation		26,657	24,715	7.9%
Closing price at end of period	CHF	514.60	477.10	7.9%
Closing price highest	CHF	562.40	577.80
Closing price lowest	CHF	456.30	446.70
Dividend per share	CHF	22.00²	22.00	–


Employees
Full-time equivalent employees	number	18,905	19,062	–0.8%
Average number of full-time equivalent employees	number	19,099	19,095	0.0%
¹ Swisscom uses various alternative performance measures. The definition and reconciliation of values in accordance with IFRS are set out in the chapter on financial review.
² In accordance with the proposal of the Board of Directors to the Annual General Meeting.