By Najat Kantouar
Sunrise reported lower revenue for the fist quarter due to a decline in key divisions, and scheduled its delisting from Nasdaq for August.
The Swiss telecommunication provider said Monday that revenue was 722.1 million Swiss francs ($862.1 million) compared with 746.8 million francs for the same period a year earlier. This reflects a 4.4% decline in the residential customers segment along with a 0.6% fall in business customers and wholesale.
The company said device sales fell on weaker demand for newly launched mobile phones while TV gifting volumes bundled with broadband subscriptions also declined.
Adjusted earnings before interest, taxes, depreciation, and amortization after lease expenses--one of the company's preferred metrics--increased 0.4% to 240.0 million francs, driven by improved cost efficiency and the phasing of certain expenses such as marketing-campaign spend.
Sunrise reiterated its full-year guidance, which includes broadly stable revenue growth and stable to low single-digit growth in adjusted Ebitdaal. It still anticipates free cash flow of between 370 million and 390 million francs.
The company said its delisting from the U.S.'s Nasdaq market is planned for August. It said trading volumes have moved progressively to the Swiss SIX exchange where it listed in November 2024.
Write to Najat Kantouar at najat.kantouar@wsj.com
(END) Dow Jones Newswires
May 19, 2025 03:10 ET (07:10 GMT)
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