Solid full-year results 2008

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Den Haag, 27-1-09

Confirming 2010 outlook

Highlights

  • Solid FY 2008 results, guidance met on all metrics, dividend up 11%
  • EBITDA inflection in the Netherlands
  • Continued profitable growth at Mobile International
  • Getronics on track, iBasis goodwill impaired
  • 2010 outlook confirmed

“We are pleased with the performance in 2008, meeting guidance on all metrics, but perhaps more importantly bringing the long-standing trend of declining EBITDA in the Netherlands to an end. Looking ahead, it is clear that the economic downturn and regulatory initiatives of the European Commission pose new challenges and bring uncertainty, even though so far we have not seen a material impact. We have already initiated pre-emptive measures and despite the uncertainty about market conditions this year, we can confirm our 2010 outlook, with meaningful progress towards the 2010 EBITDA target in 2009. This is a reflection of the markedly improved competitive position in the Netherlands in recent years and our strong value-for-money positions in Germany and Belgium.”



Ad Scheepbouwer, CEO KPN

Click here for the Full-Year Results 2008 Press Release, 27 January 2009