KPN Royal KPN NV

KPN continues to deliver on strategic and financial objectives

KPN continues to deliver on strategic and financial objectives

  • Continued Group service revenue growth (+3.7% y-on-y), driven by Consumer and Business segments
  • Consumer service revenue growth (+7.7% y-on-y, or +4.3% corrected for Youfone)
  • Ongoing commercial momentum in Consumer postpaid (+540k, of which 499k related to Youfone acquisition)
  • Positive broadband net adds (+59k, of which 56k related to Youfone acquisition) despite continued challenging competitive environment
  • Business service revenue growth (+3.7% y-on-y, or +4.4% corrected for Youfone and divestments in LCE), mainly driven by SME
  • Adj. EBITDA AL +5.6% y-on-y in Q2 2024, or 4.7% corrected for Youfone; Solid FCF generation in H1 2024, supported by EBITDA
  • Expanded fiber footprint with +134k HP in Q2 2024 (+168k HP incl. Glaspoort)
  • Signed a strategic partnership with ABP to create new TowerCo
  • Obtained 100MHz in 3.5GHz spectrum auction for € 58.4m
  • On track to reach full-year 2024 outlook

Program



12:45 CEST: Registration of attendees

13:00 CEST: Webcast

The webcast and documents can be accessed via our website 

Formal disclosures

Royal KPN N.V.

Head of IR: Matthijs van Leijenhorst

Inside information: Yes

Topic: Q2 2024 Results

24/07/2024; 7:30h

KPN-N

Attachment



EN
24/07/2024

Underlying

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Reports on Royal KPN NV

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

Belgian telcos: Telenet small positive net adds, good financials, guidance up. Kinepolis: US Cinemark strong, 5% growth in US tickets, consumption per visitor. KPN: VodafoneZiggo 2Q25 very weak, guidance maintained. PostNL: 2Q25 beats underlying slightly; FY25 guidance reiterated, EU court appeal

 PRESS RELEASE

KPN completes € 250m share buyback

KPN completes € 250m share buyback Today, KPN announces the completion of its € 250m share buyback, which commenced on 25 February 2025 and was completed on 25 July 2025. In total, KPN has repurchased 62,465,117 ordinary shares at an average price of € 4.00 per share. The share buyback reflects KPN's commitment to structurally returning additional capital to its shareholders and was executed by an intermediary on behalf of KPN. KPN intends to cancel 61,465,117 of the repurchased shares to reduce its capital. The remaining 1,000,000 repurchased shares will be retained to cover employee shar...

Jan Frederik Slijkerman
  • Jan Frederik Slijkerman

KPN on track for a strong FY25/Strong competition not denting its perf...

This morning, KPN presented good 2Q25 results, although the equity market seems to have been a bit disappointed by KPN's cash generation in 1H25. Nevertheless, we take it as a positive that KPN has raised its FY25 outlook and remain constructive on its notes. The KPN notes look somewhat attractive compared to some notes of Orange.

Michiel Declercq
  • Michiel Declercq

KPN Good commercial momentum, raises outlook following one off IPR tai...

KPN reported a good set of 2Q25 results, with adj. service revenues up 3.7% to € 1339m (kbcse: € 1325m, css: € 1329m). The strong performance was largely driven by B2B, as well a strong commercial momentum in broadband and mobile net adds. While the 6.4% adj. EBITDAal increase to € 670m came in comfortably above our expectations (kbcse: € 658m), we want to highlight that the Adj. EBITDAal was positively impacted by a € 9m tailwind related to IPR claims. These claims are expected to have an addit...

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