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General

KPN Q3 sales fall 2.6%, says cost reductions on track

Thursday 27 October 2016 | 09:04 CET | News
KPN reported third-quarter revenues down 2.6 percent year-on-year to EUR 1.718 billion. EBITDA at the Dutch operator reached EUR 665 million, giving a margin of 43.3 percent, up from 40.7 percent a year ago. Free cash flow fell to EUR 146 million from EUR 213 million a year earlier, after capital expenditure of EUR 265 million in the quarter. KPN said it's achieved EUR 405 million in cost savings on an annual run rate and maintained its outlook for 2016 of capex of EUR 1.2 billion, free cash flow over EUR 650 million and a dividend of EUR 0.10 per share.

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Categories: General
Companies: KPN
Countries: Netherlands
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