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Sunrise Communications (SUNN) investor relations material
Sunrise Communications Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q2 2026 revenue declined 2.6% year-over-year to CHF 712.9 million, mainly due to the lapse of prior price increases and weaker fixed subscriber growth, but commercial momentum improved with net adds of +21,000 mobile postpaid and +3,000 internet subscriptions, and lower churn.
Adjusted EBITDAAL fell 3.8% year-over-year to CHF 244.4 million, reflecting revenue pressure, but cost and lease optimization partly offset the decline.
Adjusted Free Cash Flow grew 33.3% year-over-year to CHF 204.4 million, supported by lower capex and favorable working capital seasonality.
Net loss for Q2 2026 was CHF 22.4 million, a 58.2% improvement from Q2 2025.
Management transition: new CFO Andreas Tolpeit to succeed Jany Fruytier in September, with additional executive appointments to accelerate strategic execution.
Financial highlights
Q2 2026 revenue: CHF 712.9 million (down 2.6% YoY); H1 2026 revenue: CHF 1,435.7 million (down 1.2% YoY).
Q2 2026 Adjusted EBITDAAL: CHF 244.4 million (down 3.8% YoY); H1 2026 Adjusted EBITDAAL: CHF 490.3 million (down 0.8% YoY).
Q2 2026 CapEx: CHF 102 million (14.3% of revenue, down 12.7% YoY); H1 2026 CapEx: CHF 235 million (down 9.4% YoY).
Q2 2026 Adjusted Free Cash Flow: CHF 204.4 million (up 33.3% YoY); H1 2026 Adjusted FCF: CHF 93 million (up 153.8% YoY).
Net cash from operating activities was CHF 467.1 million for H1 2026, up CHF 5.5 million YoY.
Outlook and guidance
Full-year 2026 guidance reiterated: broadly stable revenue, Adjusted EBITDAAL around CHF 1 billion, CapEx/revenue below 15%, and Adjusted FCF CHF 380–400 million.
Dividend per share expected to grow over 2% to CHF 3.49, subject to AGM approval.
H2 2026 expected to benefit from August price increases, improving subscriber trends, and ongoing cost discipline.
- Stable revenue, margin growth, higher net loss, and new initiatives with guidance reaffirmed.SUNN
Q1 2026 - 2025 guidance achieved with EBITDA/EBITDAAL growth, higher dividend, and stable 2026 outlook.SUNN
Q4 2025 - Q3 2025 revenue fell 1.1% but EBITDAAL rose 2.4%; 2025 guidance and dividend growth reaffirmed.SUNN
Q3 2025 - Q2 2025 saw revenue dip, EBITDAAL rise, and guidance with dividend growth reaffirmed.SUNN
Q2 2025 - Strong customer growth and stable results in Q3 2024; spin-off and guidance confirmed.SUNN
Q3 2024 - Solid Q2 growth, stable outlook, and spin-off preparations highlight Sunrise's momentum.SUNN
Q2 2024 - Met 2024 targets with customer growth, higher FCF, and confirmed 2025 dividend increase.SUNN
Q4 2024 - Revenue fell 3.3% but EBITDA rose 0.4% as net loss narrowed and guidance was confirmed.SUNN
Q1 2025
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