KPN falls on soft 2025 guidance

Koninklijke KPN NV

30/01/2025 08:47

** Shares in KPN  KPN.AS  are down 2.5%, at the bottom of
the Amsterdam blue chip index  .AEX , after the Dutch telecoms
group's 2025 core profit and free cash flow guidance slightly
missed expectations
    ** For 2025, KPN sees Adjusted EBITDA AL at 2.58 bln euros
(vs 2.59 bln in analysts' consensus) and free cash flow to come
at 910 mln euros (vs 920 mln in analysts' consensus)
    ** "It will be important to understand in the call whether
management is just playing it safe for 2025 or there are really
reasons to further (marginally) cut short term expectations,"
ING analyst David Vagman says in a note
    ** If losses hold, KPN's shares will head for their worst
day since July 24

 (Reporting by Gianluca Lo Nostro)
 ((gianluca.lonostro@thomsonreuters.com;))