Sunrise Q3 turnover dips by 0.5%

5 Nov 2020

Swiss full-service provider Sunrise has reported total revenue of CHF471 million (USD516 million) for the three months to end-September 2020, a decrease of 0.5% year-on-year, as improving turnover from certain segments, such as post-paid mobile (up 2.4% y-o-y to CHF221 million) and landline internet and TV (up 11.3% to CHF85 million) failed to offset declines in mobile hardware sales and landline hubbing. EBITDA for the period was unchanged y-o-y at CHF175 million, whilst net profit fell to CHF28 million from CHF48 million in Q3 2019.

Sunrise counted a total of 2.509 million mobile subscribers at the end of September 2020, up from 2.445 million a year earlier. Of that total, 2.006 million were post-paid customers (1.854 million in Q3 2019) whist the remaining 502,900 were pre-paid users. Sunrise noted that pre-paid churn was lower during the period as a result of changes to usual seasonality due to the COVID-19 pandemic, as the company had fewer tourists using its network in Q2. Blended mobile ARPU was CHF31.8 for the period, down from CHF32.3 in Q3 2019 but an improvement from CHF30.1 in Q2 2020. The company continued to record steady growth in subscriber numbers across the fixed space, with landline voice subscriptions rising from 497,300 in Q3 2019 to 517,800, whilst broadband lines grew to 523,600 from 489,700 a year earlier and TV subscriptions reached 301,800 compared to 269,500 in September 2019.

Switzerland, Sunrise Communications