Subscriber growth pushes Sunrise top line to CHF511m

27 Feb 2020

Swiss full-service provider Sunrise has booked total revenues of CHF511 million (USD523.4 million) for Q4 2019, representing a 5.2% increase year-on-year, with subscriber growth boosting service revenues across the board. EBITDA for the period was CHF172 million, an increase of 12.1% y-o-y – or CHF161 million (up 5.2%) excluding the impact of the company’s move to the IFRS 16 accounting standard – but net earnings for the period fell to a loss of CHF53 million from a profit of CHF35 million in Q4 2018. Sunrise attributed the decline to the cancellation of its planned merger with UPC Switzerland, which resulted in a one-off expense of CHF83 million.

Sunrise counted a total of 1.891 million post-paid mobile subscribers as at 31 December 2019, up from 1.729 million a year earlier, whilst its pre-paid user base declined by 10.3% over the same period to 563,000. In the fixed segment, the operator reported a total of 502,000 voice subscriptions (up 7.3% y-o-y) and 496,000 broadband accounts (up 8.5% y-o-y). Its TV user base also continued to see growth, expanding by 14.6% y-o-y to 279,000.

Commenting on the results, CEO Andre Krause praised the company’s ‘quality challenger strategy’ noting that the operator: ‘defined the market pace, won market share and quality awards, and assumed 5G network leadership, currently covering 426 cities and towns.’

Switzerland, Sunrise Communications (Sunrise UPC)