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General

KPN keeps FY guidance as Q1 revenues decline 3.9%

Thursday 30 April 2015 | 08:57 CET | News
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KPN reported first quarter results showing revenues down 3.9 percent to EUR 1.92 billion and an adjusted EBITDA up 0.2 percent to EUR 622 million. The net profit reached EUR 15 million from 3 million the year before, while capex went to EUR 357 million, pushing free cash flow to EUR 34 million. The operator attributed the lower revenues to a weaker business market. The higher EBITDA figure came from cost savings. CEO Eelco Blok said the quarter showed a strong operational performance, with Consumer Mobile customer numbers rising on the back of new data bundles. Excluding Base, which will go

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Categories: General
Companies: KPN / Telefonica / Telefonica Deutschland / Telenet
Countries: Netherlands
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