KPN: down slightly after quarterly results

(CercleFinance.com) - KPN is down 1% in Amsterdam, following the telecom operator's publication of a net profit up 3% to 231 million euros for its third quarter 2024, but with an adjusted AL EBITDA margin down 0.
8 points to 45.3%.

Adjusted sales rose by 4.2% to 1.42 billion euros, with service revenues up 3.4% in organic terms, driven in particular by a solid influx of mobile customers and continued fiber growth in its consumer division.

KPN confirms its targets for the full year 2024, including service revenue growth of around 3%, adjusted EBITDA AL of around 2.5 billion euros and free cash flow of over 890 million.

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