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Strong performance Mobile International driven by E-Plus The Netherlands on track
Den Haag, 8-5-07
Strong performance Mobile International, the Netherlands on track
- Growth Mobile International ahead of net decline in the Netherlands
- Revenues flat at EUR 2.9bn
- Revenues and other income down 2.6%, Q1 ‘06 included EUR 65m Xantic book gain
- EBIT down 12% due to accelerated depreciation and amortization Telfort network
- EBITDA of EUR 1,189m in Q1 ‘07 vs EUR 1,206m in Q1 ‘06 (incl. EUR 65m book gain)
- Capex of EUR 276m vs EUR 313m in the same quarter last year
- Free cash flow of EUR 558m, Q1 ‘06 included one-off tax cash refund of EUR 219m
In the Netherlands, strong performance in Business, partly compensating Consumer line loss
- Strong performance wireless in Consumer and Business, service revenues up 9.2%
- Business market revenues trending upward as a result of growth in new services
- Line loss in Consumer wireline, improved customer satisfaction with VoIP
- All-IP on track, confident that wholesale offer deals will be signed in Q2
Profitable growth Mobile International in all markets
- Strong performance E-Plus, EBITDA up 49%, EBITDA margin 36.2%
- Growth in market share and EBITDA at BASE despite adverse regulatory climate
- Profitable growth from strong wholesale partnerships in Mobile Wholesale NL
Customer centric organization in the Netherlands after Fixed-Mobile integration
- Objective is to improve business performance and deliver financial benefits
- First Fixed-Mobile propositions launched: Homezoning, Flat fee, Loyalty program
Shareholder returns on track
- EUR 1.0bn share repurchase program since February 7, 24% completed as of May 7
- Final 2006 dividend of EUR 0.34 per share paid April 27
- Committed to 2007 dividend of at least EUR 950 million
Ad Scheepbouwer, CEO of KPN, said:
“We are pleased to report that the first quarter was characterized by continued profitable growth in Mobile International with a strong margin increase in Germany and market share growth in Belgium, despite an adverse regulatory climate. The Netherlands had a net decline as the strong performance in wireless and Business only in part compensated the effects of Consumer line loss.
The first quarter also included the challenge of addressing customer satisfaction of our VoIP proposition for which the root causes have now been dealt with. The new organization structure should further improve our customer focus.
We are on track to meet guidance and are continuing to deliver industry-leading levels of total shareholder returns and, with the delivery of our strategic objectives on track, we believe that the group is well positioned for 2007.”
