Sunrise Communications AG (CHIX:SUNNz)
CHF 45.17 +0.35 (+0.78%) Market Cap: 3.24 Bil Enterprise Value: 8.89 Bil PE Ratio: 0 PB Ratio: 0.74 GF Score: 13/100

Q1 2025 Sunrise Communications AG Earnings Call Transcript

May 19, 2025 / 08:30AM GMT

Key Points

Positve
  • Sunrise Communications AG (SNRE) reported continued customer growth in Q1 2025, with new technical and product launches.
  • The company launched a new product portfolio, Swiss Connect, focusing on customer loyalty and offering more roaming services.
  • Sunrise Communications AG (SNRE) successfully launched its 5G stand-alone technology, covering 99.5% of Switzerland.
  • The company confirmed its full-year guidance, including a 2.7% increase in dividend per share for 2025.
  • Sunrise Communications AG (SNRE) demonstrated technology leadership by being the first in Switzerland to launch a 5G stand-alone network.
Negative
  • Revenues declined by 3.3% in Q1 2025, impacted by lower hardware sales and increased replacement cycles.
  • The company experienced softer trading in Q1 due to reduced promotional activities and price rises.
  • Adjusted free cash flow was lower than the previous year, driven by higher CapEx and supplier payment phasings.
  • The company expects softer trading to continue in Q2, impacting net additions.
  • Non-subscription revenue, including handsets and hardware, saw a decline, affecting overall revenue performance.
Unidentified Company Representative

Good morning, ladies and gentlemen, and thank you for joining us today. I'd like to welcome you to our Q1 2025 results call. As this is our first pure quarterly update call since our listing, let me briefly summarize which documents were published today and which will also be made available on a quarterly basis going forward. So next to the press release we published earlier, you'll find on our Investor Relations website the interim financial statements, the fact sheet, as well as the presentation that we will discuss in this call.

Now, turning to the presentation itself, as per usual, with me today are André Krause, our CEO; as well as Jany Fruytier, our CFO. We'll start a call with the presentation, which will be followed by a Q&A session.

With that, let me hand over to André. Please go ahead.

Andre Krause
Sunrise Communications AG - Chief Executive Officer

Yeah, thanks, Alex, and good morning, everyone, for our Q1 results. Let me start off the presentation by talking you through an overview of the key

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