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General

KPN Q1: Consumer growth continues, Business starts to stabilise

Tuesday 3 May 2016 | 13:28 CET | Author: Tim Poulus | Background
KPN saw a pick-up in results in the first quarter. While revenues were still down 3.9 percent, much of this was due to the sale of SNT Germany (-1.3%) and lower sales at wholesale provider iBasis (-5.3%). With EUR 215 million in revenue, iBasis has a clear impact on the group sales (EUR 1.689 billion). However, the unit has a very low return, with just a few million in free cash flow. In the Netherlands, revenue was down 2.0 percent, which is not bad given the background of the past few quarters. KPN Consumer recorded a small increase of 2.8 percent, while the drop at KPN Business slowed to

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Categories: General
Companies: iBasis / KPN
Countries: Netherlands
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