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General

KPN maintains outlook as Q1 sales fall 2.4%

Wednesday 26 April 2017 | 08:04 CET | News
KPN reported a 2.4 percent drop in first-quarter sales to EUR 1.65 billion, while EBITDA rose 2.8 percent to EUR 584 million. Capital expenditure fell by 16 percent to EUR 266 million, leading to free cash flow of EUR 318 million (EBITDA minus capex). According to KPN's measure, free cash flow was EUR 35 million. The results were slightly better than market expectations thanks to lower costs and capex. KPN maintained its outlook for the full year, for roughly stable EBITDA of EUR 2.3 billion, capex around EUR 1.15 billion and an increase in free cash flow. In addition to a planned dividend of

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Categories: General
Companies: KPN
Countries: Netherlands
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