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General

KPN maintains FY guidance as Q3 sales fall 6.5%

Tuesday 23 October 2012 | 09:10 CET | News
KPN reported third-quarter revenues at EUR 3.05 billion, down 6.5 percent from a year earlier. EBITDA also fell 6.5 percent, to EUR 1.16 billion, while net profit was down 32 percent EUR 250 million, and earnings per share fell 35 percent to EUR 0.17. The results came in slightly below market expectations. The operator attributed the decline in results to the sale of Getronics International, as well as the weak Dutch mobile market and pricing pressure in Germany. EBITDA also fell on the back of rising marketing costs in Germany and the costs associated with connecting new FTTH and interactive

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Categories: General
Companies: Getronics / KPN
Countries: Europe / Netherlands
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