BUZZ-Swiss Sunrise falls after 'bit light KPIs' and weakness in B2C

Reuters
28 Feb
BUZZ-Swiss Sunrise falls after 'bit light KPIs' and weakness in B2C

** Sunrise Communications SUNN.S shares fell around 3%after the telecoms company reported full year results for the first-time since its spin-off from Liberty Global LBTYA.O

** "A bit light on solid KPIs but FY25 guide intact and visibility on y+1 div," Deutsche Bank analyst Robert Grindle writes in a note

** FY revenue falls 0.6% from 2023, at 3.018 billion Swiss francs ($3.35 billion) compared with analysts consensus of 3.021 billion Swiss francs in company-compiled poll, with core earnings rising slightly but just below analyst expectations

** Barclays analysts point out weakness in consumer business due to high promotions, almost offset by B2B strength

** Sunrise confirmed 2025 guidance and proposed dividends of 3.33 Swiss francs per share, expecting a dividend payout of 3.42 Swiss francs per share in 2026

** Shares were down 1.9% at 1034 GMT

($1 = 0.9020 Swiss francs)

(Reporting by Marleen Kaesebier)

((Marleen.kaesebier@thomsonreuters.com))

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