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KPN Q2 review: bundling effect positive but slowing in Consumer, negative in Business

Monday 31 July 2017 | 12:59 CET | Author: Tim Poulus | Background
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KPN showed little improvement in its sales trends in Q2 2017. Adjusted revenues fell 3.2 percent and were down 2.1 percent at the domestic activities. Profits were still up thanks to a quicker drop in costs, especially direct costs (-7.0%), costs for IT (-9.0%) and personnel costs (-2.3%). The workforce counted 503 fewer employees than a year ago, a drop of 3.7 percent. The second wave of the operator's 'Simplification' programme is also on track, with EUR 65 million in annual savings and planned to rise to EUR 300 million by the end of 2019. More effective marketing also had an impact, as we

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Categories: General
Companies: Digitenne / KPN / RoutIT / Solcon / Ziggo
Countries: Netherlands
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