Sunrise books net loss of CHF166.67m

19 May 2015

Swiss full service provider Sunrise has booked total revenue of CHF488.54 million (USD531.0 million) for the three months ended 31 March 2015, a 5.3% increase compared to CHF464.04 million twelve months earlier. EBITDA, meanwhile, edged up slightly from CHF131.41 million to CHF132.81 million although EBITDA margin dipped by 1.1 percentage points year-on-year to 27.2%. Net losses for the period reached CHF166.67 million compared to a net loss of CHF9.51 million in Q1 2014, with Sunrise attributing the slump to the impact to its initial public offering (IPO) and refinancing deals, which resulted in CHF154.8 million in transaction-related costs.

In operational terms, Sunrise booked a 2.2% y-o-y decline in mobile subscriptions to 2.424 million, although its user base saw some improvement, with the proportion of post-paid customers increasing from 51.5% to 55.0%. The improvement led to an increase in blended monthly ARPU from CHF34.9 to CHF35.4, despite decreases in ARPU for both pre- and post-paid segments (6.8% and 0.5%, respectively). Elsewhere, Sunrise also saw a 1.1% reduction in the number of total fixed service users to 838,700, with broadband customers declining by 3.3% to 328,800 and voice subscriptions falling from 425,600 to 394,900. The decline was offset somewhat by growth in the IPTV space, which booked net additions of 32,200, increasing Sunrise’s user base to 115,000.

Switzerland, Sunrise Communications