Sunrise Records Strong Customer Growth & Solid Q1 2024 Financials, Confirms FY 2024 Outlook

• Sunrise UPC GmbH reported strong customer growth and solid financial results in Q1 2024, with net growth of +28,000 mobile postpaid subscriptions and +6,200 internet subscriptions.
• The company's revenue remained stable at CHF 746.8 million.
• Segment Adjusted EBITDA increased by +0.4% YoY and reached CHF 244.3 million.
• Adjusted EBITDA less P&E additions rose by +7.6% YoY and reached CHF 113.5 million.
• The company continued to invest in network development, product innovations and services, with Capex amounting to 17.5% of revenue in Q1 2024, totaling CHF 130.8 million.
• The company confirmed its guidance for the financial year 2024 and is on track for a spin-off in Q4 of the same year.