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BRIEF-Sunrise Communications Q2 net income more than doubles to CHF 27 mln
August 24, 2017 / 4:49 AM / a month ago

BRIEF-Sunrise Communications Q2 net income more than doubles to CHF 27 mln

Aug 24 (Reuters) - SUNRISE COMMUNICATIONS GROUP AG

* NET INCOME MORE THAN DOUBLED YOY TO CHF 27M IN Q2‘17

* FY‘17 ADJUSTED. EBITDA GUIDANCE INCREASED

* Q2 REVENUE DECLINE OF -1.1% (INCL. MTR: -3.9%) YOY FROM CHF 472M TO CHF 453M

* Q2 GROSS PROFIT IMPROVED 1.0% YOY TO CHF 298M

* FY‘17 REVENUE CONTINUES TO BE EXPECTED WITHIN A RANGE OF CHF 1,820-1,860M

* INCREASES ITS FY ADJUSTED EBITDA GUIDANCE FROM CHF 577-592M TO CHF 592-602M

* CAPEX FOR FY‘17 CONTINUES TO BE EXPECTED TO BE WITHIN A RANGE OF CHF 255-295M

* EXPECTS TO PROPOSE A DIVIDEND TO AGM FOR FY‘17 IN RANGE OF CHF 3.90-4.10 PER SHARE Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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