Business · Companies · 2 hrs ago
Sunrise reports lower third-quarter revenue and operating profit
Sunrise, Switzerland’s second-largest telecom company, reported weaker third-quarter results for July through September 2026.
Revenue fell 1.2% to 732 million Swiss francs, while adjusted operating profit after lease payments dropped 2% to 264.8 million francs.
Pressure in its fixed-line business drove the revenue decline, partly offset by higher prices, device sales and growth in business and wholesale services.
Sunrise recorded a net profit of 0.8 million francs, compared with a net loss of 4.4 million francs a year earlier.
The company has announced cuts of more than 500 jobs and expects reorganisations to save about 70 million francs a year before costs related to staff plans.
Sunrise kept its full-year outlook unchanged, expecting revenue to remain broadly stable and operating profit to reach about 1 billion francs.
It expects the full cash-flow benefit from the reorganisations from 2028.
Sunrise reported a 1.2% year-on-year decline in third-quarter revenue to 732.0 million Swiss francs.
Adjusted operating profit after leases fell 2.0% to 264.8 million francs.
The company recorded a net profit of 0.8 million francs, compared with a net loss of 4.4 million francs a year earlier.
Sunrise attributed the revenue decline to pressure in its fixed-line business.
The company confirmed its targets for the year, including revenue that is expected to remain broadly stable.
- Who
- Sunrise, Switzerland’s second-largest telecommunications company.
- What
- It reported lower third-quarter revenue and adjusted operating profit, but a net profit.
- When
- The results cover July through September 2026 and were announced on Tuesday, 10 November 2026.
- Where
- Switzerland. The report concerns Sunrise’s business; a more specific location is Not stated.
- Why
- Sunrise said pressure in its fixed-line business drove the revenue decline. Price increases, higher device sales, and growth in business and wholesale only partly offset it.
This story does not have two clearly opposing sides.
Sunrise had cut 147 jobs.
Sunrise introduced price increases.
Sunrise announced plans to cut a further 358 jobs.
Sunrise recorded lower revenue and adjusted operating profit, but a net profit.
Sunrise announced its third-quarter results and confirmed its annual outlook.
- Third-quarter revenue
- 732.0 million Swiss francs, down 1.2%
- Adjusted EBITDAaL
- 264.8 million Swiss francs, down 2.0%
- Net profit
- 0.8 million Swiss francs
- Annual cost savings expected
- Around 70 million Swiss francs before social plan costs
- Planned job cuts
- 147 by summer and 358 more announced the previous month
- Annual free cash flow target
- 380 million to 400 million Swiss francs
What people are saying
broadly stable