Major Estimate Revision • May 20
Consensus EPS estimates upgraded to CHF1.25 loss The consensus outlook for fiscal year 2026 has been updated. 2026 losses forecast to reduce from -CHF1.43 to -CHF1.25 per share. Revenue forecast steady at CHF2.95b. Telecom industry in Switzerland expected to see average net income growth of 23% next year. Consensus price target broadly unchanged at CHF46.26. Share price was steady at CHF43.34 over the past week. New Risk • May 18
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: CHF151m Forecast net loss in 2 years: CHF17m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite being loss-making. Currently unprofitable and not forecast to become profitable over next 2 years (CHF17m net loss in 2 years). Breakeven Date Change • May 18
Forecast breakeven date pushed back to 2028 The 11 analysts covering Sunrise Communications previously expected the company to break even in 2027. New consensus forecast suggests losses will reduce by 76% per year to 2027. The company is expected to make a profit of CHF79.1m in 2028. Average annual earnings growth of 101% is required to achieve expected profit on schedule. Reported Earnings • May 15
First quarter 2026 earnings released: CHF0.55 loss per share (vs CHF0.022 loss in 1Q 2025) First quarter 2026 results: CHF0.55 loss per share (further deteriorated from CHF0.022 loss in 1Q 2025). Revenue: CHF722.8m (flat on 1Q 2025). Net loss: CHF40.3m (loss widened CHF38.7m from 1Q 2025). Revenue is forecast to stay flat during the next 3 years compared to a 2.3% growth forecast for the Telecom industry in Europe. Canlı Haberler • May 14
Sunrise Communications Highlights Customer Growth and B2B Push With New Rewards and AI Partnership Sunrise Communications reported Q1 2026 post-pay net additions and internet customer additions, signaling continued traction in its core subscription services.
The company launched the Sunrise Rewards Program, aimed at increasing customer loyalty and reducing churn across its user base.
Sunrise entered a partnership with Phoenix to offer a sovereign AI and cloud solution tailored to B2B clients.
The combination of customer growth, a new rewards program and a B2B-focused AI and cloud offering points to a business that is trying to deepen relationships with existing users while widening its reach with corporate customers.
For investors, the key questions are how effectively the rewards program limits churn over the coming quarters and whether the Phoenix partnership achieves sufficient B2B uptake to justify any added investment or complexity. Upcoming Dividend • May 04
Upcoming dividend of CHF3.42 per share Eligible shareholders must have bought the stock before 11 May 2026. Payment date: 13 May 2026. The company is not currently making a profit but it is cash flow positive. Trailing yield: 7.3%. Within top quartile of Swiss dividend payers (3.6%). Higher than average of industry peers (4.4%). New Risk • Apr 19
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: CHF112m Forecast net loss in 3 years: CHF17m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite being loss-making. Currently unprofitable and not forecast to become profitable over next 3 years (CHF17m net loss in 3 years). Breakeven Date Change • Apr 16
Forecast breakeven date pushed back to 2028 The 11 analysts covering Sunrise Communications previously expected the company to break even in 2027. New consensus forecast suggests losses will reduce by 55% per year to 2027. The company is expected to make a profit of CHF21.5m in 2028. Average annual earnings growth of 74% is required to achieve expected profit on schedule. Duyuru • Mar 30
Sunrise Communications AG, Annual General Meeting, May 07, 2026 Sunrise Communications AG, Annual General Meeting, May 07, 2026, at 10:00 W. Europe Standard Time. Major Estimate Revision • Mar 01
Consensus EPS estimates increase from loss to CHF0.10 profit The consensus outlook for fiscal year 2026 has been updated. 2026 forecast for profit of -CHF0.708 instead of a loss of CHF0.10 per share previously. Revenue forecast unchanged at CHF2.96b. Telecom industry in Switzerland expected to see average net income growth of 23% next year. Consensus price target broadly unchanged at CHF47.63. Share price rose 2.5% to CHF49.12 over the past week. Declared Dividend • Feb 20
Dividend increased to CHF3.42 Dividend of CHF3.42 is 2.7% higher than last year. Ex-date: 11th May 2026 Payment date: 13th May 2026 Dividend yield will be 7.1%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (46% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Reported Earnings • Feb 19
Full year 2025 earnings: Revenues in line with analyst expectations Full year 2025 results: Revenue: CHF2.98b (down 1.1% from FY 2024). Net loss: CHF112.2m (loss narrowed 69% from FY 2024). Revenue was in line with analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 1.8% growth forecast for the Telecom industry in Europe. Major Estimate Revision • Jan 29
Consensus EPS estimates fall by 18% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -CHF0.461 to -CHF0.544 per share. Revenue forecast unchanged at CHF2.98b. Telecom industry in Switzerland expected to see average net income growth of 23% next year. Consensus price target of CHF47.32 unchanged from last update. Share price rose 10% to CHF44.08 over the past week. Major Estimate Revision • Jan 12
Consensus EPS estimates upgraded to CHF0.46 loss The consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -CHF0.549 to -CHF0.46 per share. Revenue forecast steady at CHF2.98b. Telecom industry in Switzerland expected to see average net income growth of 23% next year. Consensus price target of CHF47.24 unchanged from last update. Share price fell 3.7% to CHF41.14 over the past week. Major Estimate Revision • Dec 10
Consensus EPS estimates upgraded to CHF0.55 loss The consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -CHF1.16 to -CHF0.549 per share. Revenue forecast steady at CHF2.98b. Telecom industry in Switzerland expected to see average net income growth of 22% next year. Consensus price target of CHF48.60 unchanged from last update. Share price was steady at CHF40.70 over the past week. New Risk • Nov 22
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 103% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. New Risk • Nov 20
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 103% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Major Estimate Revision • Nov 17
Consensus EPS estimates fall by 198% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -CHF0.616 to -CHF1.84 per share. Revenue forecast unchanged at CHF2.98b. Telecom industry in Switzerland expected to see average net income growth of 18% next year. Consensus price target of CHF49.62 unchanged from last update. Share price was steady at CHF42.32 over the past week. Board Change • Nov 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. President of the Board Mike Fries was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Duyuru • May 14
Sunrise Communications AG Approves Dividend Distribution on Class A Shares and Class B Shares for Financial Year 2024, Payable on May 27, 2025 Sunrise Communications AG at its AGM held on May 13, 2025, approved the proposal of the Board of Directors to distribute dividend of CHF 3.33 per Class A Share and CHF 0.33 per Class B Share. The dividend will be paid exclusively from reserves from foreign capital contributions and hence treated as a repayment of qualifying additional paid-in capital for Swiss tax purposes. The dividend for the financial year 2024 will therefore not be subject to Swiss withholding tax of 35%. The members of the Board of Directors and the persons entrusted with management were granted discharge for their activities in the financial year 2024. The ex-dividend date of the Sunrise shares is 15 May 2025, and the payment date is 19 May 2025. For Sunrise ADS the ex-dividend date is 16 May 2025, and the payment date is 27 May 2025. Duyuru • Apr 22
Sunrise Communications AG to Report Q1, 2025 Results on May 19, 2025 Sunrise Communications AG announced that they will report Q1, 2025 results on May 19, 2025 Duyuru • Apr 03
Sunrise Communications AG, Annual General Meeting, May 13, 2025 Sunrise Communications AG, Annual General Meeting, May 13, 2025, at 10:00 W. Europe Standard Time. Duyuru • Mar 02
Sunrise Communications AG Provides Dividend Guidance for the Financial Year 2025 Sunrise Communications AG provided dividend guidance for the financial year 2025. For the year, the company expects dividend in 2026 (for the 2025 financial year): CHF 3.42 per Sunrise Class A share and CHF 0.34 per Sunrise Class B share. Duyuru • Jan 30
Sunrise Communications AG to Report Fiscal Year 2024 Results on Feb 28, 2025 Sunrise Communications AG announced that they will report fiscal year 2024 results at 12:30 PM, US Eastern Standard Time on Feb 28, 2025