Dutch telecoms group KPN's quarterly revenue meets market view (updated)

Koninklijke KPN NV

30/01/2025 07:09

(Adds details on market context, core profit, and new buyback
programme)
       Jan 30 (Reuters) - Dutch telecoms group KPN  KPN.AS 
reported its quarterly revenue in line with expectations on
Thursday, supported by strong group services revenue and market
leadership in the Netherlands.
    The company's adjusted revenue in the fourth quarter stood
at 1.44 billion euros ($1.50 billion), in line with the 1.45
billion euros forecast by analysts in a company-provided
consensus.
    KPN, the largest telecoms firm by revenue in the
Netherlands, recently gained ground on rivals VodafoneZiggo and
Odido. It has reclaimed market share, becoming the country's
leading operator in both the mobile and broadband sectors.
    Data from Dutch competition watchdog ACM last month showed
that KPN gained a market share between 35% and 40% in the
broadband segment in 2024, equalling VodafoneZiggo, while its
mobile customer base rose to between 30% and 35%, in line with
Odido.
    KPN continues "to lead the Dutch fiber market," CEO Joost
Farwerck said in a statement, adding that the company now covers
63% of the country.
    The company's adjusted earnings before interest, taxes,
depreciation and amortisation after leases (EBITDAAL) - a common
metric used by telecom firms to measure core profit - came in at
630 million euros vs 631 million euros forecast in a
company-provided consensus.
    KPN will start a share buyback programme of 250 million
euros in 2025 and expects a dividend payout of 18.2 cents
apiece.
 
    ($1 = 0.9604 euros)
    

 (Reporting by Gianluca Lo Nostro and Jakob Van Calster in
Gdansk; Editing by Sherry Jacob-Phillips)
 ((gianluca.lonostro@thomsonreuters.com;
jakob.vancalster@thomsonreuters.com))