Netherlands' KPN Q4 service revenue rises 1.8% yr/yr

Koninklijke KPN NV

28/01/2026 06:43

Overview

Dutch telecom firm's Q4 service revenue grew 1.8% yr/yr across all segments

Adjusted EBITDA AL for FY25 rose 5.1% yr/yr, driven by IPR and Althio

Company announced 10% DPS growth and €250 mln share buyback for 2026

Outlook

KPN expects 2026 service revenue growth of 2% to 2.5% y-on-y

Company forecasts 2026 adj. EBITDA AL of ~€2,670 mln

KPN plans 10% DPS growth and €250 mln share buyback in 2026

Result Drivers

CONSUMER SERVICE REVENUES - Consumer service revenues increased 1.2% y-on-y in Q4, supported by improving mobile service revenue trend

BUSINESS SERVICE REVENUES - Business service revenues increased 2.3% y-on-y in Q4, mainly driven by SME

WHOLESALE SERVICE REVENUES - Wholesale service revenue growth 3.9% y-on-y in Q4, mainly driven by international sponsored roaming

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Adjusted Revenue
EUR 1.48 bln
Q4 Net Income
EUR 240 mln
Q4 Adjusted EBITDA
EUR 662 mln
Q4 Capex
EUR 361 mln
Q4 EBIT
EUR 343 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 12 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the integrated telecommunications services peer group is "buy"

Wall Street's median 12-month price target for Koninklijke KPN NV is €4.40, about 9.9% above its January 27 closing price of €4.01

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release: ID:nGNE1Qkb5G

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)