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General

KPN maintains outlook as Q2 sales fall 7.1%

Wednesday 30 July 2014 | 08:51 CET | News
KPN reported second-quarter revenues down 7.1 percent to EUR 2.00 billion. The decline slowed from 9.8 percent a year earlier, but the Dutch operator continued to suffer from difficult conditions in the mobile and business markets. EBITDA was still up 41 percent year-on-year thanks to the release of a pension provision. Excluding that, EBITDA fell 19 percent to EUR 633 million, giving a margin of 31.6 percent. The margin was up slightly from the previous quarter but down almost 5 percent points from a year earlier. Net profit roughly doubled to EUR 346 million or EUR 0.08 per share, thanks to

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Categories: General
Companies: E-Plus / KPN / Reggefiber / Telefonica Deutschland
Countries: Belgium / Netherlands
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