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KPN Q2 revenues lower, improves EBITDA, FY outlook
2015-07-29 08:22:00| Telecompaper Headlines
(Telecompaper) KPN reported second-quarter revenues down 3.8 percent year-on-year to EUR 1.75 billion, while adjusted EBITDA rose 1.5 percent to EUR 602 million, in line with market expectations. Capital expenditure reached EUR 306 million, and free cash flow totaled EUR 232 million. The weak business market put pressure on revenues, while KPN said it started to see EBITDA stabilising in other areas. The Dutch operator raised its outlook for 2015 to adjusted EBITDA in line with 2014, capex of less than EUR 1.3 billion and free cash flow of over EUR 500 million. In addition the company expects to receive a dividend from its stake in Telefonica Deutschland. KPN's own dividend for the year is forecast at 8 cents a share, with an interim payment of 3 cents in September, and the dividend should increase in 2016. In addition KPN will pay a special dividend of 3.4 cents a share from the dividend received from Telefonica Germany for 2014.
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Category:Telecommunications
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