logo
Share SHARE
FONT-SIZE Plus   Neg

KPN Q1 Profit Falls; Confirms 2012 Forecast - Quick Facts

Dutch telecommunication firm Royal KPN NV (KKPNY.PK, KKPNF.PK) reported first-quarter profit attributable to equity holders of 288 million euros or 0.20 euros per share, lower than 591 million euros or 0.39 euros per share a year ago.

Revenues and other income were down to 3.19 billion euros from 3.24 billion euros in the prior-year quarter. The 1.4% decline was due to a decline in The Netherlands partly offset by increased revenues in Germany, Belgium and iBasis.

The Netherlands showed a revenue decline as a result of the continued difficult market conditions and regulation.

CEO, Eelco Blok, said,

"The overall performance of the KPN Group in the first quarter of the 2012 transition year was according to plan...

In Consumer Mobile, we have made substantial improvements to our propositions and have expanded our distribution footprint. In Consumer Residential, our TV market share increased further and the implementation of the regionalization approach is starting. Results in Germany reflected revenue growth at a good EBITDA margin, while Belgium showed another strong quarter...

..Group profits and cash flow are planned to improve in the second half of 2012, driven by a better performance in our Dutch businesses. Therefore, I confirm the 2012 outlook."

The company noted that 2011 dividend of 0.85 euros per share was approved by AGM.

For fiscal 2012, the company still projects EBITDA, excluding restructuring costs, to amount to 4.7 billion to 4.9 billion euros, while free cash flow is still expected to be between 1.6 billion and 1.8 billion euros. Further, it confirmed its dividend outlook for 2012 at 0.90 euros per share.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Computer and printer maker Hewlett-Packard Co. said Thursday after the markets closed that its second quarter profit fell 21% from last year, hurt by lower revenue and costs related to the planned separation of the company. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Accounting software maker Intuit reported a plunge in third-quarter profit, hurt by impairment charges, even as results topped Wall Street estimates, driven by growth in small business segment amid a strong tax season. Struggling teen-apparel retailer Aeropostale Inc. (ARO), Thursday said its first-quarter loss narrowed from a year ago, driven largely by stronger margins even as revenues continued to plunge dropped. Nevertheless, the company lost almost one-fifth of its market value in after-hours trade, with the...
comments powered by Disqus
RELATED NEWS
Trade KPN now with 
Follow RTT