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General

KPN keeps FY outlook as revenues slide 6.6% in Q3

Thursday 26 October 2017 | 09:18 CET | News
KPN has reported its third quarter results, showing revenues fell 6.6 percent from the year before. Adjusted for one-offs, however, they only declined 5.6 percent. In the Netherlands, sales slipped 3.7 percent, but would have only gone down by 1.9 percent without the effect of regulation. There was growth at Consumer, but decreases at Business and Wholesale. EBITDA went 3.9 percent lower, and without adjustment, was off by 0.6 percent. Together with the decreased revenue, cost savings put at the fore with the Simplification Program and through lower wage costs. The operating profit (EBIT) was

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Categories: General
Companies: KPN
Countries: Netherlands
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