Mobile Net Additions
Delivered 10,000 postpaid mobile net additions in Q1 2026 (versus 12,000 in prior year, ~‑16.7% YoY), showing solid trading momentum in a seasonally softer quarter.
Adjusted EBITDAaL Growth
Adjusted EBITDAaL increased by +2.5% year‑over‑year, demonstrating underlying margin resilience despite a promotional market environment.
Revenue Stability
Reported stable group revenue with a slight increase of +0.1% year‑over‑year, broadly in line with company expectations.
Reiteration of Full‑Year Guidance and Progressive Dividend
Management fully reaffirmed guidance for the full year, including adjusted FCF guidance of CHF 380–400 million and a progressive DPS target of CHF 3.49 (guidance implies ~+2% increase vs prior year).
Operational & Customer Achievements
Successfully fully enrolled all Sunrise consumer customers in the new Sunrise Rewards loyalty programme (soft launch March; full enrolment completed), expected to reduce churn and increase RGUs per customer over the midterm.
Industry Recognition for Price/Value
Connect magazine price‑value comparison: Sunrise won 6 out of 7 tariff profiles and received highest ratings across categories (service/quality/value), highlighting competitive positioning.
Strategic B2B Partnership (PHOENIQS)
Announced partnership with PHOENIQS to offer sovereign end‑to‑end cloud and AI solutions (on‑premise-style control, models marketplace, certifications). Management expects product launches in H2 2026 to strengthen B2B proposition and differentiation.
CapEx Reduction Trajectory & CapEx Efficiency Drivers
Q1 CapEx/sales ratio was 18.5% (above full‑year target <15%) but ~CHF 10 million lower than prior year; management cites largely completed 5G rollout and expected longer‑term CapEx reduction from software/AI efficiencies.
Adjusted EBITDAaL less P&E Additions
Adjusted EBITDAaL less CapEx additions (P&E) grew strongly (~+16%), reflecting operating leverage from lower OpEx phasing and reduced CapEx in the quarter.
Dividend Paid for FY25 and Tax Advantage
AGM approved and company paid FY25 dividend of CHF 3.42 on 13 May; dividend is not subject to Swiss withholding tax and is tax‑free for private Swiss investors.