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KPN hits targets for 2018, maintains guidance for 2021 in line with strategic plan
2019-01-30 09:33:00| Telecompaper Headlines
(Telecompaper) KPN revenues in the fourth quarter fell 1.1 percent to EUR 1.436 billion on the back of declining revenue from traditional services and mobile, although there was growth in bundled consumer services and Professional Services for the business market. The adjusted EBITDA lifted 1 percent to EUR 572 million due to cost savings. The net profit result went 10 percent higher to EUR 62 million thanks to a one-off revaluation of the Dutch Tax Asset of EUR 107 million, due to a lower corporate income tax rate. Otherwise, KPN would have booked a net loss of EUR 45 million.
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Category:Telecommunications