KPN Royal KPN NV

KPN delivers organic growth in all segments and confirms guidance

KPN delivers organic growth in all segments and confirms guidance

  • Group service revenue growth (+3.7% y-on-y, or +3.4% organic)
  • Consumer service revenue growth (+6.1% y-on-y, or +2.7% organic)
  • Ongoing commercial momentum in Consumer postpaid (+45k); positive net adds broadband (+3k)
  • Continued Business service revenue growth (+5.0% y-on-y, or +5.9% organic)
  • Wholesale service revenues returned to growth on an organic basis (+1.1% y-on-y)
  • Adj. EBITDA AL grew 2.3% y-on-y, or +1.9% excl. Youfone in Q3 2024; YTD FCF generation broadly stable y-on-y
  • Expanded fiber footprint with +110k HP in Q3 2024 (+137k HP incl. Glaspoort)
  • Full-year 2024 outlook reiterated

Program



12:45 CET: Registration of attendees

13:00 CET: 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: Q3 2024 Results

28/10/2024; 7:30h

KPN-N

Attachment



EN
28/10/2024

Underlying

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Reports on Royal KPN NV

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NEXI NEXI S.P.A.
EPI A EPIROC AB
P911 DR. ING. H.C. F. PORSCHE AKTIENGESELLSCHAFT
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10/28/24 October 28, 2024 1 FR
Oliver Metzger ... (+3)
  • Oliver Metzger
  • Thomas Zlowodzki
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LHN HOLCIM AG
WCH Wacker Chemie A... ... (+26)

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/28/2024

Last Friday, MEPs scrapped the exceptional additional corporate tax proposed by the French government in its PLF 2025. In our view, it would be risky to claim victory prematurely, and this provision could make a comeback during the remainder of the budget debate, in the form initially proposed by the government or in another form. We remain cautious on French equities, as the budget debate remains chaotic and fails to live up to the stakes, as underlined by Moody's downgrade of the so...

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WCH WACKER CHEMIE AG
GALP GALP ENERGIA SGPS SA CLASS B
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KPN ROYAL KPN NV
SK SEB SA
UHR SWATCH GROUP LTD. BEARER
RMS HERMES INTERNATIONAL SCA
DAI DAIMLER AG
RCO REMY COINTREAU SA
EL ESSILORLUXOTTICA SA
PHIA KONINKLIJKE PHILIPS N.V.
BRBY BURBERRY GROUP PLC
KER KERING SA
ENI ENI S.P.A.
01913 PRADA S.P.A.
ELI ELIA GROUP SA/NV
MONC MONCLER SPA
BC BRUNELLO CUCINELLI S.P.A.
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NEXI NEXI S.P.A.
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Russell Waller
  • Russell Waller
EUR 9244.00
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KPN (Neutral, TP: €3.8, +1%) Q3 24: Solid quarter, but slowing B2C fi...

KPN has reported a solid set of numbers with EBITDAaL c+1% ahead of consensus expectations and although FCF has missed, we expect the miss to be made up in Q4 as the timing of an interest payment has changed quarter.

KPN ROYAL KPN NV
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10/28/24 October 28, 2024 1 EN
Konrad Zomer
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KPN : Ongoing solid execution of a sound strategy

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ING Helpdesk
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PHIA Koninklijke Phi... ... (+4)

Benelux Morning Notes

bpost: Stamp/Parcel prices for 2025 announced KPN: Solid 3Q24 on better business and wholesale, managing down expectations on 2025/2026 FCF growth Philips: 3Q24 results, Prolonged China pain Vopak: A bit cautious on 3Q24 Events Calendar

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