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Solid Q2 performance driven by Mobile
Share KPN
Den Haag, 30-7-07
On track to meet guidance following Q2 results
- Revenues and other income down 0.8% to EUR 5.9bn YTD, on track to meet guidance
- EBITDA down 0.9% to EUR 2.5bn YTD, on track to meet guidance
- Capex of EUR 0.6bn YTD, FY guidance of EUR 1.6-1.8bn
- Free cash flow of EUR 1.2bn YTD, on track to meet guidance
- EPS of EUR 0.37 YTD, EUR 0.38 non-diluted
Mobile International: continued profitable growth in all three businesses
- Strong performance E-Plus, EBITDA up 25% YTD, EBITDA margin almost 40% in Q2
- Solid results at BASE despite challenging market conditions
- Continued revenue and EBITDA growth at Mobile Wholesale NL
The Netherlands: resilient performance
- Outstanding performance mobile, service revenues +8% in HY 2007, record EBITDA Q2
- Continued upward trend in Business, driven by IP-based and managed services
- Slowdown in net line loss in Consumer, VoIP issues under control
- Strengthening position in broadband and TV
All-IP strategy: on track
- Agreement reached with unbundlers for migration to All-IP network
- Strong growth in IP-based services, substituting traditional services
- FTE reductions on track
Shareholder returns on track
- Interim dividend of EUR 0.18 per share declared, up 12.5%
- Final dividend 2006 of EUR 0.34 per share paid in April, or EUR 645m
- EUR 1 bn share repurchase program on track, to date 54% completed
Ad Scheepbouwer, CEO of KPN, said:
“I am pleased to be able to report that we have closed a solid second quarter, delivering results that are in line with the expectations we have previously announced.
Mobile in particular has done exceptionally well, both abroad as well as in the Netherlands. Once again, E-Plus was the fastest growing operator in Germany, and mobile in the Netherlands delivered record growth. Together with the growth of new, Internet-based services, in both our Consumer and Business segment, these developments have gone a long way to compensate for the loss of customers in traditional telephony. In this respect we are starting to see light at the end of the tunnel. We have lost fewer customers than in the first quarter and we can look to take IP-telephony forward. We have consequently begun the second half of the year with vigour and confidence”.
