Swiss full service provider Sunrise has published its financial results for the three months ended 30 June 2017, registering a decline in revenue of 3.9% year-on-year as growth in the fixed broadband segment failed to offset reduced turnover from the wireless and fixed telephony services. Sunrise booked a top-line figure of CHF453 million (USD469 million) for the period, compared to CHF472 million twelve months earlier, as mobile service revenue fell by 2.8% y-o-y to CHF303 million and fixed line voice service revenue dropped by 15.8% to CHF91 million. By contrast, meanwhile, revenue from fixed broadband services grew by 13.7% y-o-y to CHF60 million in Q2 2017. Despite the contraction in turnover, EBITDA was largely unchanged y-o-y at CHF149 million (CHF148 million in Q2 2016). Net profit for the quarter, meanwhile, was CHF27 million, an increase of 163.9% y-o-y, which Sunrise attributed to lower finance costs following the repricing of its senior facilities agreement in December 2016, and decreased depreciation and amortisation.
Sunrise claimed a total mobile subscriber base of 2.342 million at the end of June 2017, up from 2.338 million a year earlier, and of which 1.534 million were post-paid users (1.439 million). Intense price competition in the market saw ARPU dip to CHF32.0 from CHF33.1 in Q2 2016, rebounding from a low of CHF30.3 in Q1 2017. In the fixed line market, Sunrise claimed a total of 428,800 voice subscribers, compared to 402,500 in mid-2016, though ARPU fell from CHF31.1 to CHF26.8 over the same period. The operator also booked 398,100 fixed broadband accounts, up from 357,500, whilst ARPU was flat at CHF35.1.