KPN: stock slips after Q3 results
(CercleFinance.com) - KPN shares are down 1% in Amsterdam today, after the telecom operator published net profit that is up 3% to E231m for Q3 2024, albeit with an adjusted EBITDAaL margin down 0.
8 point to 45.3%.
At E1.42bn, adjusted sales were up 4.2%, including a 3.4% organic increase in service revenues, notably driven by a solid influx of mobile customers and continued fiber growth in its consumer division.
KPN confirms its targets for FY 2024, including service revenue growth of around 3%, adjusted EBITDAaL of around E2.5bn and FCF of over E890m.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
8 point to 45.3%.
At E1.42bn, adjusted sales were up 4.2%, including a 3.4% organic increase in service revenues, notably driven by a solid influx of mobile customers and continued fiber growth in its consumer division.
KPN confirms its targets for FY 2024, including service revenue growth of around 3%, adjusted EBITDAaL of around E2.5bn and FCF of over E890m.
Copyright (c) 2024 CercleFinance.com. All rights reserved.