KPN: stock down after annual results
(CercleFinance.com) - The KPN share is down slightly in Amsterdam today (-0.
2%), after the group published very mixed results and sales figures for 2018.
Thus, the Dutch telecom operator saw its revenues fall 1.8%, from 5.742 billion euros to 5.639 billion euros. Likewise, net income fell by 28% to 280 million euros. However, EBITDA improved 0.8% in adjusted terms, to 2.303 billion euros, meaning an operating margin of 40.8%, versus 2.285 billion euros and 39.7% respectively a year earlier.
For fiscal year 2019, KPN anticipates adjusted EBITDA that is "in line with 2018" and a dividend per share of around 12.5 cents - against 12 cents proposed for 2018.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
2%), after the group published very mixed results and sales figures for 2018.
Thus, the Dutch telecom operator saw its revenues fall 1.8%, from 5.742 billion euros to 5.639 billion euros. Likewise, net income fell by 28% to 280 million euros. However, EBITDA improved 0.8% in adjusted terms, to 2.303 billion euros, meaning an operating margin of 40.8%, versus 2.285 billion euros and 39.7% respectively a year earlier.
For fiscal year 2019, KPN anticipates adjusted EBITDA that is "in line with 2018" and a dividend per share of around 12.5 cents - against 12 cents proposed for 2018.
Copyright (c) 2019 CercleFinance.com. All rights reserved.