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General

KPN hits targets for 2018, maintains guidance for 2021 in line with strategic plan

Wednesday 30 January 2019 | 09:33 CET | News
Update: 30 January 2019 | 10:00 CET
KPN revenues in the fourth quarter fell 1.1 percent to EUR 1.436 billion on the back of declining revenue from traditional services and mobile, although there was growth in bundled consumer services and Professional Services for the business market. The adjusted EBITDA lifted 1 percent to EUR 572 million due to cost savings. The net profit result went 10 percent higher to EUR 62 million thanks to a one-off revaluation of the Dutch Tax Asset of EUR 107 million, due to a lower corporate income tax rate. Otherwise, KPN would have booked a net loss of EUR 45 million.

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[30/01/2019 10:00 - Update: added more info on KPN Business]


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Categories: General
Companies: Digitenne / KPN / Simyo / Telefonica Deutschland / Telfort
Countries: Netherlands
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