Solid development for Sunrise in the first quarter 2015 Dienstag, 19. Mai 2015 - 06:33
Media release | ||||||||||||||||||||||||
Disclaimer The information contained in this media release has not been independently verified and no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness, reasonableness or correctness of the information or opinions contained herein. None of Sunrise Communications Group AG, its subsidiaries or any of their respective employees, advisers, representatives or affiliates shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with this media release. The information contained in this media release is provided as at the date of this media release and is subject to change without notice. Statements made in this media release may include forward-looking statements. These statements may be identified by the fact that they use words such as “anticipate”, “estimate”, “should”, “expect”, “guidance”, “project”, “intend”, “plan”, “believe”, and/or other words and terms of similar meaning in connection with, among other things, any discussion of results of operations, financial condition, liquidity, prospects, growth, strategies or developments in the industry in which we operate. Such statements are based on management’s current intentions, expectations or beliefs and involve inherent risks, assumptions and uncertainties, including factors that could delay, divert or change any of them. Forward-looking statements contained in this media release regarding trends or current activities should not be taken as a representation that such trends or activities will continue in the future. Actual outcomes, results and other future events may differ materially from those expressed or implied by the statements contained herein. Such differences may adversely affect the outcome and financial effects of the plans and events described herein and may result from, among other things, changes in economic, business, competitive, technological, strategic or regulatory factors and other factors affecting the business and operations of the company. Neither Sunrise Communications Group AG nor any of its affiliates is under any obligation, and each such entity expressly disclaims any such obligation, to update, revise or amend any forward-looking statements, whether as a result of new information, future events or otherwise. You should not place undue reliance on any such forward-looking statements, which speak only as of the date of this media release. It should be noted that past performance is not a guide to future performance. Please also note that interim results are not necessarily indicative of full-year results. | ||||||||||||||||||||||||
Zurich, 19 May 2015 | ||||||||||||||||||||||||
Solid development for Sunrise in the first quarter 2015 | ||||||||||||||||||||||||
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In the first quarter of 2015, Sunrise revenue increased by CHF 25 million or 5.3% to CHF 489 million compared to the same period last year. The adjusted EBITDA increased by CHF 6 million or 4.7% to CHF 138 million. Operating income amounts to CHF 19 million. | ||||||||||||||||||||||||
Adjusted for the IPO and refinancing costs of CHF 155 million, the net loss amounts to CHF 12 million, consequently the IFRS reported net loss is at CHF 167 million. Sunrise confirms a dividend for 2015 of at least CHF 135 million to be paid 2016.
Positive subscriber trends Sunrise has been able to continue the positive trend in a more challenging environment with ongoing competitive pressure. Commenting on the Q1/2015-results CEO Libor Voncina says: “Given our competitive product and service portfolio, Sunrise is well positioned to continue the customer growth trend. The successful IPO has further strengthened the business of Sunrise.”
The positive trends in subscriber development continued with mobile post-paid gaining 58,600 new customers (+4.6%) compared to the same quarter last year, with 13,900 in the first quarter 2015 alone. In TV, Sunrise increased the customer base by 32,300 customers, reaching a total of 115,000 (+39%) with 7,900 (+7.4%) in the first quarter of 2015. The turnaround in internet subscription development was confirmed with 1,900 new customers in the first quarter 2015.
Expansion of fibre-optic network The infrastructure investments in the past three months amount to CHF 38 million (-30% y-o-y), primarily on the upgrade of the radio access and core network as well as LTE .The focus for 2015 will be the expansion of the LTE coverage and LTE-Advanced (4G+) roll-out. Sunrise low frequency bands will be further utilized to enhance the nationwide and deep indoor coverage. Sunrise is continuing to expand its fibre-optic network coverage on top of its DSL infrastructure. Currently, Sunrise customers can benefit from the modern fibre-optic speeds in Bern, Zurich, St. Gallen, Basel, Luzern, Winterthur and Geneva.
Continued innovations Sunrise has recently expanded its mobile roaming proposition to offer additional value to customers. Starting May 18th 2015, Sunrise has yet again lowered roaming prices. The reduction in the standard rates for popular travel destinations is up to 81%. The new “Travel Days” include unlimited telephony and messaging for up to 30 days and allow customers to “roam like home” in Western Europe as well as in the US and Canada.
The new yallo Postpaid subscription was launched on March 18th and offers unlimited calls in all Swiss networks as well as in all networks of 41 European countries, unlimited SMS and WhatsApp usage as well as unlimited mobile surfing, of which 1 GB with full 4G speed. The yallo Postpaid subscription is available in all branches of the Swiss Post.
In Q1 Sunrise launched “Hot from the US” TV-series, being available in Switzerland within 48 hours after their initial broadcasting. Until June 2015 the offer will contain 34 series.
Sunrise continues to win business customers Sunrise continues to win customers in the business area: Sunrise will now be providing comprehensive telecommunications services for Cofely, the Coop Rechtsschutz AG and the cantonal police of Geneva, as well as the University of Basel, Strabag and SR Technics. These customer wins show the progress Sunrise is making in gaining share in the business area.
Sunrise Communications Group AG published its financial results for Q1 2015. You can find the report, presentation and associated information on http://corporate.sunrise.ch/ir/reports-and-presentations/. | ||||||||||||||||||||||||
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Sunrise Corporate Communications P.O. Box CH-8050 Zürich Phone: 0800 333 000 Fax: +41 58 777 61 67 | ||||||||||||||||||||||||
About Sunrise Sunrise Communications Group AG (Sunrise) is listed on the SIX Swiss Exchange in Zurich and is the leading fully-integrated challenger delivering a full range of services across all market segments. Sunrise is the leading non-incumbent operator in both the mobile (prepaid and postpaid) and landline retail voice markets, as well as the third-largest landline internet provider with IPTV, with approximately 3.3 million customer relationships, as of December 31, 2014. Sunrise is committed to deliver a best-in-class convergent experience. Sunrise benefits from a 10,800 km nationwide state-of-the-art fibre network backbone. Sunrise provides mobile services through its own network based on GSM/GPRS/EDGE, UMTS/HSPA and LTE/4G technologies. On the fixed side, Sunrise leverages more than 600 points of presence in its fully-invested LLU network, with coverage of approximately 85% of households in Switzerland. The company has full access to the most advanced next-generation fiber technologies, such as vectoring, FTTS, FTTB and FTTH thanks to its long-term agreement with the incumbent, SFN and local utilities. For the financial year ended December 31, 2014, Sunrise generated total revenue of CHF 2,084 million and adjusted EBITDA of CHF 638 million. Sunrise is headquartered in Zurich and had a total of 1,985 employees (including 111 apprentices) allocated to divers business locations across the entire country as of December 31, 2014. For more information regarding Sunrise, please visit: www.sunrise.ch |