KPN lowers FY outlook, to cut up to 5,000 jobs

Thursday 21 April 2011 | 09:15 CET | News
Dutch operator KPN reported first-quarter revenues down 1.3 percent to EUR 3.235 billion from 3.277 billion the year before. EBITDA slid 4.1 percent to EUR 1.269 billion, while the operating profit sank 10 percent to EUR 712 million. Net profit rose to EUR 591 million from EUR 449 million a year earlier, boosted by tax breaks of EUR 150 million aimed at stimulating innovation. The ICT market remains challenging, KPN said. The operator cut its full-year EBITDA outlook to at least EUR 5.3 billion, from its previous forecast for profit growth from last year's figure of EUR 5.5 billion. The capex

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Categories: General
Companies: Digitenne / KPN / Reggefiber
Countries: Netherlands
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