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General

KPN Q1 in line with expectations but mgmt not satisfied

Tuesday 24 April 2012 | 09:09 CET | News
KPN announced first quarter results, with revenues down 1.4 percent year-on-year to EUR 3.19 billion. EBITDA increased by 13 percent to EUR 1.10 billion while the operating profit declined 21 percent to EUR 564 million. Earnings per share amounted to EUR 0.20. Results were in line with management guidance, with little surprise for investors. The outlook for 2012 is unchanged. EBITDA is expected at EUR 4.7-4.9 billion, capex at EUR 2.0-2.2 billion, free cash flow at EUR 1.6-1.8 billion and the dividend at EUR 0.90 per share. Capex for Q1 lifted 20 percent from the year earlier to EUR 460

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Categories: General
Companies: KPN
Countries: Belgium / Germany / Netherlands
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