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General

KPN plans more job cuts as Q4 sales fall 10%

Tuesday 4 February 2014 | 09:01 CET | News
KPN reported fourth-quarter sales down 9.6 percent to EUR 2.06 billion, excluding its German operation E-Plus, which is planned for sale to Telefonica. Only the company's Dutch residential activities reported growth, with sales up 2.5 percent, while all the other operations lost revenues on an annual basis, led by Dutch consumer mobile, down 15 percent. EBITDA fell 29 percent year-on-year to EUR 581million, in part due to the company abandoning its handset lease model. Operating profit still almost doubled to EUR 98 million, and the net loss was reduced to EUR 108 million or 4 cents a

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