New Street: Sunrise (Neutral from Buy) Q2 20: Good KPIs, roaming hits SR – Quick Take
Sunrise has reported a solid set of Q2 results – probably its last as a listed independent company. Service revenue is -0.3% light of consensus, but EBITDA is +0.4% ahead, and capex -8.7% light, meaning that OpFCF is +17% ahead.Sunrise Communications Group AG is a Switzerland-based company that provides telecommunication services. The Company provides services in the area of mobile communications, fixed network, Internet and digital television (TV). Sunrise Communications AG also provides Prepaid Cards, Contract Extension, Help and Support services. It offers mobile phones, tablets, modems and Apple-products, as well as accessories such as chargers or phone headphones. Sunrise Communications AG provides its services to its various clients in the private and public sectors across the Swiss market. The Company's brands include Sunrise, Business Sunrise, Gif Me More, yallo, ortel Mobile and Lebara.
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