May 3, 2018 / 4:54 AM / 3 months ago

BRIEF-Sunrise Communications Group Q1 Net Income At CHF 17 Mln

May 3 (Reuters) - SUNRISE COMMUNICATIONS GROUP AG:

* SAYS REVENUE INCREASE OF +6.4% (INCL. IFRS 15: +6.3%) IN Q1, DRIVEN BY HARDWARE REVENUE

* Q1 TOTAL REVENUE INCREASED BY +6.4% (INCL. IFRS 15 +6.3%) YOY TO CHF 459M

* Q1 GROSS PROFIT ROSE BY +2.9% (INCL. IFRS 15 +2.4%) YOY TO CHF 295M

* 2018 GUIDANCE REITERATED

* SUNRISE EXPECTS TO PROPOSE A DIVIDEND IN RANGE OF CHF 4.15-4.25 PER SHARE FOR FY’18

* Q1 ADJUSTED EBITDA FELL -3.5% (INCL. IFRS 15 -1.9%) TO CHF 138M

* Q1 NET INCOME SLIGHTLY IMPROVED TO CHF 17M Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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