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• Corporate
• KPN Vandaag

• Artikel

Den Haag, 28-4-09

Solid first quarter, focus on EBITDA and cash flow in economic downturn

Highlights

• Revenue and EBITDA growth for the Dutch Telco* business
• Continued profitable growth at Mobile International
• Lower EBITDA at near stable revenues at Getronics, pre-emptive measures taken to maintain profitability
• Implemented measures to mitigate impact of economic downturn, following preparations in previous quarters
• Confirming EBITDA, free cash flow and dividend projections, adjusting revenue guidance

“In the first quarter we are reporting organic revenue growth across the board. In the consumer markets both in the Netherlands and internationally we see limited impact of the recession. In the course of the first quarter however, we have seen economic conditions deteriorate more quickly. Whilst we are reporting growth even in Getronics the Netherlands, the downturn in the business markets is now clearly visible. We feel our prudent approach is appropriate in this changing economic climate. All Segments are consequently focusing on EBITDA and cash flow rather than on revenues. We are confirming our EBITDA, free cash flow and dividend per share guidance for 2010.”

Ad Scheepbouwer, CEO KPN


Press release for download here