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KPN keeps FY guidance as Q1 revenues decline 3.9%
2015-04-30 08:57:00| Telecompaper Headlines
(Telecompaper) KPN reported first quarter results showing revenues down 3.9 percent to EUR 1.92 billion and an adjusted EBITDA up 0.2 percent to EUR 622 million. The net profit reached EUR 15 million from 3 million the year before, while capex went to EUR 357 million, pushing free cash flow to EUR 34 million. The operator attributed the lower revenues to a weaker business market. The higher EBITDA figure came from cost savings. CEO Eelco Blok said the quarter showed a strong operational performance, with Consumer Mobile customer numbers rising on the back of new data bundles. Excluding Base, which will go to Telenet from the second quarter, KPN is guiding for full year 2015 capex of EUR 1.3 billion, with a stable adjusted EBITDA by year end, growing free cash flow and additional cash flow via a potential divident from the operators 20.5 percent stake in Telefonica Deutschland.
Tags: guidance
decline
revenues
q1
Category:Telecommunications