2023-11-01 06:31:03
Zurich (awp) – The telecommunications operator Sunrise moderated between July and the end of September the contraction in its revenues observed over the first six months of the year. The erosion of revenues, however, increased in the core segment of private mobile telephone customers.
The Swiss subsidiary of the Anglo-Saxon giant Liberty Global is still counting on a decline in its turnover over the entire current financial year, even more marked on the profitability front.
The company mentions in its interim report on Wednesday a decline in commercial activity in the wake of its price increases, coupled with increased competitive pressure on a limited market.
Turnover fell in the third quarter by 0.8% year-on-year to 759.1 million Swiss francs. As for private customers, revenues in mobile telephony fell by 2.3% to 312.0 million and in the fixed network by 0.6% to 292.1 million. In progress over the first half of the year, revenues from commercial customers showed a pause (-0.2%) at 144.0 million.
Gross operating surplus (Ebitda) continued to decline more quickly than sales, by 3.4% to 274.9 million. Excluding tangible assets, the number two sector in Switzerland calculates an operating profit up 9.4% to 155.2 million.
Management still expects a marginal decline in turnover for the entire 2023 financial year, as well as an operating profit 5 to 9% lower than in 2022. Integration costs are estimated at around fifty million, when tangible assets must represent 15 to 17% of turnover. The free cash flow must fall within a corridor of 320 to 350 million.
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