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KPN improves margin on lower sales, maintains FY outlook

2019-10-25 08:28:00| Telecompaper Headlines

(Telecompaper) Dutch operator KPN reported revenues down 1.8 percent to EUR 1.37 billion in Q3, while adjusted EBITDA improved 2.9 percent to EUR 599 million thanks to ongoing cost-cutting. The company showed growth in consumer multi-plays and some parts of the business segment, as well as in wholesale, while this was offset by lower revenues in legacy services, hardware and mobile services. Excluding one-time items, the net profit rose 32 percent to EUR 314 million. 

Tags: sales lower outlook margin

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