• Artikel

Solid performance in Q2 2009



Den Haag, 23-7-09

On track to deliver EBITDA and free cash flow

Highlights

• Resilient results reflect continued focus on EBITDA and free cash flow, EPS up 10%
• Solid performance Dutch Telco business, strong EBITDA growth
• Mobile International service revenues flat, Challenger strategy resulting in continued EBITDA growth
• Early anticipation of economic downturn is paying off
• EUR 0.23 interim dividend per share for 2009, up 15%, maintaining EBITDA and free cash flow guidance







“KPN has delivered a resilient performance whilst maintaining market shares this quarter in the face of economic and regulatory challenges and we are on track to deliver around EUR 2.4bn free cash flow for the year. The Dutch Telco business performed well in the quarter, delivering strong EBITDA growth. Getronics performed solidly and is poised for recovery, though iBasis’ revenue performance was disappointing. In Mobile International there was continued EBITDA growth, driven by our Challenger strategy. We continue to see limited economic impact on consumer markets, but business markets are being impacted and there are no signs of economic recovery as yet. Despite this, our prudent pre-emptive initiatives are proving effective, as we continue to focus on EBITDA and cash flow in this market rather than on revenues. We therefore adjust our revenue guidance and are confirming our EBITDA, free cash flow and dividend per share guidance for 2009 and 2010.”
Ad Scheepbouwer, CEO KPN


Press release for download here www.kpn.com/results.htm