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General

KPN lifts margins despite lower revenues in Q3, outlook remains ahead of new update in November

Wednesday 28 October 2020 | 09:33 CET | News
KPN said revenues reached EUR 1.30 billion during the third quarter, down 3.7 percent from the year. The company is optimistic about the developments around the postpaid and fibre segments of the consumer market, but the coronavirus pandemic has had a negative influence on the business market. KPN succeeded in lowering costs more than its revenues, which allowed the EBITDA margin to increase by 2.5 points to 46.1 percent. Investments went higher by 9.3 percent, but the free cash flow still lifted 7.3 percent to EUR 241 million (18.6% of sales). KPN is maintaining its strategy and will issue

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Categories: General
Companies: KPN
Countries: Netherlands
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