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KPN delivers solid start to the year
KepuniKepuni(US:KPN) Globenewswireยท2025-04-24 05:30

Core Viewpoint - KPN reported continued growth in service revenue across all segments, with a positive outlook for the full year 2025 [2] Group Service Revenue - Group service revenue grew by 3.8% year-on-year, with Youfone contributing 0.7% to this growth [2] - All segments delivered organic growth, indicating a strong performance across the board [2] Consumer and Business Service Revenue - Consumer service revenue increased by 4.6% year-on-year, with Youfone contributing 3.4% [2] - Business service revenue saw a growth of 5.1% year-on-year, driven primarily by SME and Tailored Solutions [2] Adjusted EBITDA and Free Cash Flow - Adjusted EBITDA AL rose by 4.7% year-on-year, with contributions of 0.9% from Youfone and 0.7% from Althio [2] - Free Cash Flow (FCF) was impacted by higher interest and tax payments, as well as the phasing of working capital [2] Market Position and Network Performance - KPN is leading the Dutch fiber market, adding 100,000 homes passed (HP) and 94,000 homes connected (HC) to its fiber footprint [2] - The mobile network received the highest score ever measured worldwide by Umlaut, indicating superior performance [2] New Operations - The Tower Company Althio has commenced its operations, contributing to KPN's growth strategy [2] Outlook - KPN reiterated its upgraded full-year 2025 outlook, reflecting confidence in continued growth [2]