Sunrise Communications A (SNNRF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and thank you for joining us today. I would like to welcome you to our second quarter 2025 results call. With me today are Andre Krause, our CEO, as well as Yanni Fortier, our CFO. As per usual, we'll start the call with a presentation that you also find online, also on the web, which will then be followed by a Q&A session. Let me now hand over to Andre. Please go ahead. Thanks, Alex, and good morning, everyone. I'll kick off the presentation with a quick overview of the key takeaways of today's presentation. So firstly, operationally, we have switched off our 3G network and have become the first mobile operator that has switched off 2G and 3G and is moving to the most modern 4G and 5G as a technology on our entire network. We also have launched a number of new product offerings. We have refreshed and expanded our yellow portfolio, and we have completed the UPC customer base migration. Given the fact that we did a price increase in the second quarter, we have also reduced our commercial activity a bit. And hence, we have seen some softer net ads in the second quarter, while at the same time, the ARCO trends have been improving. Secondly, financially, we are seeing the Q2 revenue trend sequentially improving, and of course that is driven also by the price increase, continued momentum and growth on the B2B side, and a, I would say, temporary recovery on hardware sales, given the fact also that through the 3G switch-off, some customers needed to switch devices, and that gave a bit of an uptick on the hardware demand. EBITDA improved to 1.9% year-on-year growth, also helped by further cost optimizations that we could lend. And on the back of the financial trajectory, we are confirming our guidance today, also including a DPS growth of ...