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KPN posts higher EBITDA despite 2.7% fall in Q2 revenue

2017-07-26 08:05:00| Telecompaper Headlines

(Telecompaper) Dutch operator KPN reported revenues of EUR 1.63 billion for the second quarter, down 2.7 percent from a year earlier. EBITDA was still up 1.4 percent to EUR 587 million, better than expected and giving an adjusted margin of 41.0 percent. Capex fell 24 percent to EUR 238 million, helping operating cash flow (EBITDA minus capex) increase to EUR 363 million. Net profit improved to EUR 191 million from EUR 162 million a year earlier.

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Category:Telecommunications

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