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General

Sunrise reports customer growth but revenue decline in Q2

Thursday 25 August 2016 | 10:08 CET | News
Swiss operator Sunrise reported a 3.2-percent revenue decrease year-on-year in the second quarter of this year, from CHF 488 million to CHF 472 million. Compared to Q1, the annual rate of decline more than halved. This was primarily supported by an improved development in low-margin hubbing and mobile hardware revenues, Sunrise said. Mobile postpaid growth continued, with Sunrise adding 21,700 new customers in the three months. Cost efficiencies offset revenue headwinds and gross margin pressures to a large extent, but adjusted EBITDA still fell 3.3 percent year-on-year to CHF 150 million.

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Categories: General
Companies: Sunrise
Countries: Switzerland
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