In July-September, the company generated sales of CHF 763.7 million, 1.5 percent more than the same period last year. Adjusted operating profit (EBITDA) before depreciation and depreciation fell 2.3 percent to CHF 292.1 million, the company announced on Wednesday.
The main reason for the decrease in EBITDA is the decrease in average revenue per customer in the fixed line business due to subscription losses and investments in the Yallo brand and digitalization projects.
Sunrise recorded a significant increase in the number of postpaid subscribers by 57,600 during the reporting period. The broadband space has evolved largely unchanged, and Sunrise blamed the phasing out of the UPC branding in the announcement.
Sales in the private customer mobile segment increased to CHF 319.3 million (+3.3%). As in previous quarters, Sunrise recorded the largest growth in its enterprise client business. In the third quarter, Sunrise Business increased its sales by 12.3 percent to CHF 144.2 million. Numerous new contracts and extensions, as well as upgrading existing powers, contributed to this. The second brand, Yallo, was also a growth driver, but Sunrise did not provide detailed figures.
Business with fixed network private customers (including Internet, TV and telephone) declined again. Here, sales fell 4.7 percent to CHF 300.2 million.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
