Sunrise Communications A

Ladies and gentlemen, welcome to the Sunrise Second Quarter 2026 Financial Results Conference Call and Live Webcast. I am Matilde, the course call operator. I would like to remind you that all participants will be in listen-only mode and the conference is being recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star and 1 on a telephone. For operator assistance, please press star and zero. The conference must not be recorded for publication or broadcast. Page two of the presentation details the company's safe harbor statement regarding forward-looking statements. Today's presentation may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Sunrise's expectations with respect to its outlook and future growth prospects and other information and statements that are not historical facts. These forward-looking statements involve certain risks that could cause actual results to differ maturely from those expressed or implied by these statements. These risks include those detailed in Sunrise's filings with the Securities and Exchange Commission, including its most recently filed 20F. Sunrise disclaims any obligation to update any of these forward-looking statements to reflect any change in expectations or in the conditions on which any such statement is based. At this time, it's my pleasure to hand over to Alex Herrmann, Vice President, Investor Relations. Please go ahead.

Thank you, operator, and good morning, ladies and gentlemen. Welcome to our second quarter 2026 financial results call. Thank you for joining us today. With me in the room to lead you through the presentation are André Krause, our CEO, and for the last time, as we've announced at the beginning of June, Jany Fruytier, who will be stepping down as CFO of Sunrise at the end of the month. More on that to follow in the presentation. As always, we'll start the call with the presentation, which will be followed by a Q&A session. With that, I'd like to hand it over to André. Please go ahead.

Thanks, Alex, and good morning, everybody, also from my side. Let me start with a quick summary of our Q2 results. And I would start with, as expected, we have seen some softer revenue dynamics in the second quarter, but we are seeing also an improvement on our commercial trends. In fact, revenue declined by 2.6%, which is a reflection of the lapping of the 2025 price increase. Also, somewhat lower customer dynamics over the last quarter, particularly on the fixed side, and also some tougher hardware comparisons that we had in the second quarter compared to the second quarter last year, where we had the 3G switch and some hardware device impacts following those. Commercial performance has improved in the second quarter and this is establishing also the foundation for a improving second half year. Across our brands, we have stepped up our commercial execution. We have launched our Sunrise Rewards program and we are seeing some encouraging first results and we will talk a bit more about that in a minute. We are also working to expanding our yellow retail footprint and we have also run a brand refresh campaign to revitalize the brand. We are also, across all of our B2B segments, establishing new products and innovations in order to accelerate growth. And that all has driven an improving NetEd performance in the second quarter with 3,000 postpaid editions and 21,000, sorry, 21,000 postpaid editions and 3,000 internet editions.