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General

KPN sales fall 5.9% in Q4 on weak business market

Wednesday 3 February 2016 | 08:50 CET | News
KPN reported fourth-quarter revenues down 8.1 percent year-on-year to EUR 1.75 billion, and adjusted EBITDA fell 7.6 percent to EUR 582 million. Excluding a tax refund, organic revenues fell 5.9 percent. KPN reported continued growth in customers, but suffered from the weak enterprise market, declining traditional services and some changes in mobile pricing. The company said its simplification programme delivered EUR 280 million in annual savings by the end of 2015, and it upgraded its target for total savings to EUR 450 million by the end of 2016. Net profit improved to EUR 254 million

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Categories: General
Companies: KPN
Countries: Netherlands
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