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BRIEF-Sunrise Communications Q1 net income almost doubles tO CHF 13 mln
May 11, 2017 / 4:53 AM / 5 months ago

BRIEF-Sunrise Communications Q1 net income almost doubles tO CHF 13 mln

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 Source text - bit.ly/2q4LvzQ Further company coverage: (Gdynia Newsroom)

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