Aedifica: First sign of portfolio valuation stabilization. ArcelorMittal: Solid 1Q24 EBITDA beat, softer FCF reflects WC and CAPEX phasing. Belgian telcos: Peer Telenet 1Q24 results, still weak commercial performance. dsm-firmenich AG: Vita-still not-min. IBA: Contract to install a P1 system in Connecticut. KPN: VodafoneZiggo 1Q24 results confirm fixed losses, mobile weaker QoQ. Shell plc: Good start to the year
KPN reports on progress of € 200m share buyback KPN has repurchased 2,000,000 KPN ordinary shares in the period from 22 April to 26 April 2024. The shares were repurchased at an average price of € 3.39 per share for a total consideration of € 6.8m. These repurchases were made as part of the € 200m share buyback started on 1 February 2024, and are part of KPN's commitment to structurally return additional capital to its shareholders. The total number of ordinary shares repurchased to date is 50,006,611 for a total consideration of € 165.8m. Transaction details of the share buyback are avai...
ASM International: 1Q24 results - better on all fronts. Heineken: Uphill from here. KPN: 1Q24 in line, guidance slightly increased on Youfone acquisition. Melexis: 1Q24 results in line a relief. Universal Music Group: Spotify 1Q24 Results and guidance beat on margins. Vopak: Good progress to start the year. Wereldhave: 1Q24 LFL slows sharply
>Q1 results show positive momentum – FY guidance raised - In its Q1 earnings release, KPN reported group revenues and adjusted EBITDAaL of €1,377m (+3.3%) and €605m (+3.6%) respectively. This compares with consensus estimates of €1,376m (we at €1,377m) and € 602m (we at €599m) respectively. So results are marginally ahead of consensus. Group capex came in at €302m (css: € 301m) and FCF at €154m (-5.8% yoy with consensus at €173m and we at € 185m, the difference is ex...
Q1 2024 results: KPN delivers solid start to the year Continued Group service revenue growth (+3.6% y-on-y), mainly driven by Consumer (+4.5%) and Business (+3.2%)Ongoing positive net adds in Consumer postpaid +30k and broadband +13k, of which 8k related to Kabeltex acquisitionExpanded fiber footprint with +130k HP in Q1 2024 (+159k HP including Glaspoort)Adj. EBITDA AL of € 605m (+3.6% y-on-y), quarterly FCF generation impacted by intra-year phasingACM unconditionally approved Youfone acquisition, transaction closed on 4 AprilFull year 2024 outlook raised to ~€ 2,500m adjusted EBITDA AL an...
KPN's Q1 was rock solid and did not contain surprises nor on top line, nor on cash generationThe recently approved transaction of Youfone results in a tweaking of its 2024 guidance and once more it slightly raised its FCF guidance by EUR 10mSolid numbers for the Dutch market leader, Hold maintained
KPN reports on progress of € 200m share buyback KPN has repurchased 2,025,207 KPN ordinary shares in the period from 15 April to 19 April 2024. The shares were repurchased at an average price of € 3.33 per share for a total consideration of € 6.7m. These repurchases were made as part of the € 200m share buyback started on 1 February 2024, and are part of KPN's commitment to structurally return additional capital to its shareholders. The total number of ordinary shares repurchased to date is 48,006,611 for a total consideration of € 159.0m. Transaction details of the share buyback are avai...
>Earnings more evenly spread than initially anticipated - KPN is set to report its Q1 results on Wednesday 24 April. Although at the FY results management said that earnings growth in H1 was likely to be stronger than in H2, we now believe earnings growth will be more evenly spread across the year. Somewhat higher investments partly offset the yoy benefit from last July’s 5.4% price increase, which would have caused the higher earnings growth in the first half versus ...
KPN AGM approves all agenda items Today, Royal KPN N.V.'s ("KPN") Annual General Meeting of Shareholders ("AGM") granted the requested approvals on all items on the agenda. The agenda included a resolution to declare a total dividend over the fiscal year 2023 of € 15.0 cents per ordinary share. As a result, a final dividend of € 9.8 cents per ordinary share will be paid in cash, net of 15% dividend withholding tax, on 25 April 2024. As of 19 April 2024, the shares trade ex-dividend. Furthermore, the AGM decided to adopt the Remuneration policy for the Board of Management and Supervisory B...
KPN reports on progress of € 200m share buyback KPN has repurchased 2,000,000 KPN ordinary shares in the period from 8 April to 12 April 2024. The shares were repurchased at an average price of € 3.43 per share for a total consideration of € 6.9m. These repurchases were made as part of the € 200m share buyback started on 1 February 2024, and are part of KPN's commitment to structurally return additional capital to its shareholders. The total number of ordinary shares repurchased to date is 45,981,404 for a total consideration of € 152.3m. Transaction details of the share buyback are avail...
Nous réitérons notre recommandation Surperformance (conviction Midcap Europe) avec un objectif de cours et des prévisions de résultats relevés. L’optimisme est de rigueur sur les perspectives d’activité, les marges offrent encore un potentiel d’amélioration, le bilan est sous-leveragé, les multiples de valorisation restent attractifs et le fondateur achète des actions. - ...
We reiterate our Outperform recommendation on the stock (European midcap top pick). We have revised up our target price and earnings forecasts. Bright prospects ahead for revenues, still room for margin improvement, the balance sheet is underleveraged, valuation multiples remain attractive and the founder is buying shares. - ...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.