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Sunrise Communications Group AG (SRCG.S)

SRCG.S on Swiss Exchange

80.55CHF
23 May 2018
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Latest Key Developments (Source: Significant Developments)

Sunrise Communications Group Q4 Net Income Halves Y-o-y To CHF 23 Million
Thursday, 1 Mar 2018 12:45am EST 

March 1 (Reuters) - SUNRISE COMMUNICATIONS GROUP AG ::GUIDANCE OF CHF 580-595M ADJUSTED. EBITDA IN 2018.PROPOSED DIVIDEND UP 20% YOY TO CHF 4.00.TOTAL REVENUE INCREASED BY +1.7% YOY TO CHF 509M IN Q4.Q4 GROSS PROFIT ROSE +0.3% YOY TO CHF 302M.ADJUSTED EBITDA FELL -7.0% TO CHF 148M IN Q4,.Q4 NET INCOME HALVED YOY TO CHF 23M.  Full Article

Sunrise Communications Group confirms 2017 outlook‍​
Thursday, 9 Nov 2017 12:45am EST 

Nov 9 (Reuters) - SUNRISE COMMUNICATIONS GROUP AG ::OUTLOOK 2017: GUIDANCE REITERATED ‍​.REVENUE DECLINE OF -1.2% (INCL. MTR: -3.7%) TO CHF 460M IN Q3‍​.GROSS PROFIT FLAT AT CHF 306M IN Q3.ADJUSTED. EBITDA DOWN -2.5% TO CHF 158M IN Q3.EXPECTS TO PROPOSE A DIVIDEND IN THE RANGE OF CHF 3.90-4.10 PER SHARE FOR FY’17.  Full Article

Sunrise Communications Q2 net income more than doubles to CHF 27 mln
Thursday, 24 Aug 2017 12:45am EDT 

Aug 24 (Reuters) - SUNRISE COMMUNICATIONS GROUP AG :NET INCOME MORE THAN DOUBLED YOY TO CHF 27M IN Q2'17.FY'17 ADJUSTED. EBITDA GUIDANCE INCREASED.Q2 REVENUE DECLINE OF -1.1% (INCL. MTR: -3.9%) YOY FROM CHF 472M TO CHF 453M.Q2 GROSS PROFIT IMPROVED 1.0% YOY TO CHF 298M.FY'17 REVENUE CONTINUES TO BE EXPECTED WITHIN A RANGE OF CHF 1,820-1,860M.INCREASES ITS FY ADJUSTED EBITDA GUIDANCE FROM CHF 577-592M TO CHF 592-602M.CAPEX FOR FY'17 CONTINUES TO BE EXPECTED TO BE WITHIN A RANGE OF CHF 255-295M.EXPECTS TO PROPOSE A DIVIDEND TO AGM FOR FY'17 IN RANGE OF CHF 3.90-4.10 PER SHARE.  Full Article

Sunrise Communications announces Robert Wigger as new Chief Business Officer
Friday, 2 Jun 2017 01:15am EDT 

June 2 (Reuters) - Sunrise Communications Group AG ::ANNOUNCES ROBERT WIGGER AS NEW CHIEF BUSINESS OFFICER.ROBERT WIGGER HAS BEEN APPOINTED AS THE NEW CHIEF BUSINESS OFFICER AT SUNRISE, STARTING SEPTEMBER 1, 2017.  Full Article

Sunrise Communications Group enters into definitive agreement with consortium led by Cellnex Telecom S.A.
Wednesday, 24 May 2017 01:40am EDT 

May 24 (Reuters) - SUNRISE COMMUNICATIONS GROUP AG ::ENTERS INTO A STRATEGIC PARTNERSHIP WITH A CONSORTIUM LED BY CELLNEX, STRENGTHENING NETWORK.SALE OF SWISS TOWERS AG, WHICH OWNS 2,239 TELECOM TOWERS, FOR CHF500 MILLION.STEP UP IN 2017 DIVIDEND TO CHF3.9-4.10 PER SHARE; NEW DIVIDEND POLICY TO REFLECT STRONGER FINANCIAL PROFILE.SUBJECT TO COMPLETION OF TRANSACTION, 2017 GUIDANCE HAS BEEN UPDATED TO REFLECT FINANCIAL IMPACT OF TRANSACTION.2017 REVENUE GUIDANCE IS UNCHANGED AT CHF1,820 MILLION TO CHF1,860 MILLION. 2017 ADJUSTED EBITDA IS NOW EXPECTED TO BE BETWEEN CHF577 MILLION AND CHF592 MILLION.SUNRISE COMMUNICATIONS GROUP - CAPEX GUIDANCE FOR 2017 IS NOW BETWEEN CHF255 MILLION AND CHF295 MILLION, NORMALIZED CAPEX EXCLUDING ONE-OFF INCREASE IN 2017 BETWEEN CHF225 MILLION AND CHF265 MILLION.  Full Article

Sunrise Communications Q1 net income almost doubles tO CHF 13 mln
Thursday, 11 May 2017 12:51am EDT 

May 11 (Reuters) - SUNRISE COMMUNICATIONS GROUP AG ::FY 2017 GUIDANCE REITERATED.NET INCOME ALMOST DOUBLED TO CHF 13M IN Q1'17 YOY AND EQUITY FCF IMPROVED IN-LINE WITH SUNRISE'S EXPECTATION.Q1 ADJUSTED. EBITDA UP +2.1% YOY FROM CHF 140M TO CHF 143M WITH CONTINUED COST FOCUS COMPENSATING FOR LOWER REVENUE.Q1 REVENUE DOWN -1.0% (NOT ADJUSTED FOR MTR: -3.3%) YOY FROM CHF 446M TO CHF 431M AS CUSTOMER GROWTH CONTINUED TO BE OFFSET BY LOWER AVERAGE REVENUE PER USER (ARPU).EXPECTS TO PROPOSE A DIVIDEND TO AGM FOR FY'17 IN RANGE OF CHF 3.45 TO CHF 3.55 PER SHARE TO BE PAID FROM CAPITAL CONTRIBUTION RESERVES IN 2018.  Full Article

Sunrise Communications Group Q4 revenue down 2.3 pct at CHF 501 million
Thursday, 2 Mar 2017 12:45am EST 

Sunrise Communications Group AG : Revenue down -2.3 pct yoy from 512 million Swiss francs ($506.83 million) to 501 million Swiss francs in Q4'16 . FY'16 revenue of 1,897 million Swiss francs in-line with guidance . Net income almost doubled to 48 million francs in Q4'16 yoy and moved into positive territory in FY'16 after last year's loss due to IPO and debt refinancing costs . Guidance of 595-610 million francs adjusted. EBITDA in 2017 with a further slight dividend increase expected . FY'17 revenue is expected to range from 1,820 million francs to 1,860 million francs . Sunrise reiterates its dividend policy of paying out at least 65 pct of equity free cash flow .Expects to propose a dividend to AGM for FY'17 in range of 3.45 to 3.55 francs per share to be paid from capital contribution reserves in 2018.  Full Article

Sunrise Communications Chief Consumer Officer Timm Degenhardt resigns
Friday, 3 Feb 2017 01:15am EST 

Sunrise Communications Group AG :Timm Degenhardt, Chief Consumer Officer, has decided to leave the company to pursue new challenges.  Full Article

Sunrise Communications: possible disposal of telecom towers
Thursday, 26 Jan 2017 12:30am EST 

Sunrise Communications Group AG : Possible disposal of telecom towers . Notes recent press speculation relating to a potential disposal of telecom towers . Confirms that it is in preliminary stages of considering a possible disposal of larger part of its passive tower infrastructure, potentially supporting a faster deleveraging of company .There can be no certainty of a transaction being undertaken or concluded, nor as to terms on which any proposed disposal might be made.  Full Article

Sunrise says renews partnership with Huawei
Thursday, 29 Sep 2016 12:00pm EDT 

Sunrise Communications Group AG :Sunrise and Huawei Technologies Switzerland have renewed partnership to continuously improve network with latest technologies and to strengthen customer experience going forward.  Full Article

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

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