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. - ...
>Our scenario for the restructuring of Altice France - Faced with a debt wall in 2027-2029 (€ 22bn) and already negative FCF, Altice France has opted to force the hand of its creditors by attempting to impose the restructuring of its debt. We see three scenarios: 1/ A general agreement: assuming the reinitialisation of leverage in 2024 at 3.7x and the use of the ~€ 5.4bn proceeds from divestments (Altice Media, La Poste Mobile, XP Fibre, data centres), we calcul...
>Notre scenario de restructuration d’Altice France - Face à son mur de dette sur 2027-2029 (22 Md€) et ses FCF déjà négatifs, Altice France a choisi de forcer la main de ses créanciers en tentant d’imposer une restructuration de sa dette. Notre équipe crédit, dans une note publiée ce matin, perçoit trois scenarios : 1/ Un accord général : en supposant une réinitialisation du levier 2024 à 3,7x et l’utilisation de ~5,4 Md€ de produits de cession (Altice Medi...
KPN reports on progress of EUR 200m share buyback KPN has repurchased 2,000,000 KPN ordinary shares in the period from 1 April to 5 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 43,981,404 for a total consideration of € 145.4m. Transaction details of the share buyback are av...
KPN reports on progress of € 200m share buyback KPN has repurchased 2,000,000 KPN ordinary shares in the period from 25 March to 29 March 2024. The shares were repurchased at an average price of € 3.42 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 41,981,404 for a total consideration of € 138.6m. Transaction details of the share buyback are ...
KPN reports on progress of € 200m share buyback KPN has repurchased 2,000,000 KPN ordinary shares in the period from 18 March to 22 March 2024. The shares were repurchased at an average price of € 3.34 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 39,981,404 for a total consideration of € 131.7m. Transaction details of the share buyback are avai...
ACM approves Youfone acquisition Today, the Netherlands Authority for Consumers and Markets (ACM) has unconditionally approved the acquisition of Youfone by KPN. The approval follows the June 22, 2023 announcement that KPN intended to acquire Youfone. The transaction is expected to close in early April. KPN expects to provide an update of the financial impact of consolidating Youfone at the Q1 2024 results. For more information:KPN Royal Dutch TelecomInvestor RelationsWilhelminakade 1233072 AP RotterdamE-mail: Formal disclosures: Royal KPN N.V. Head of IR: Reinout van Ierschot Ins...
KPN reports on progress of € 200m share buyback KPN has repurchased 3,355,000 KPN ordinary shares in the period from 11 March to 15 March 2024. The shares were repurchased at an average price of € 3.42 per share for a total consideration of € 11.5m. 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 37,981,404 for a total consideration of € 125.0m. Transaction details of the share buyback...
>Clients: Freenet inTV, Deutsche Telekom in broadband and 1&1 in mobile - In broadband, Deutsche Telekom added 66,000 clients in Q4 2023 vs Vodafone -94,000, O2D +23,000 and 1&1e -10,000 by our estimates. Deutsche Telekom continues its fibre roll-out (2-3 million new lines per year). Telefonica and 1&1 hope for better trends in the future but we see no visible signs. Freenet, which launched its offering in 2023, underlines the difficulty of building a brand on this ma...
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.