KPN reports 5.4% fall in sales for 2015

3 Feb 2016

Dutch telco KPN has reported a drop in sales for both the fourth quarter of 2015 and the full year, though it says subscriber numbers were up across most of its domestic markets. The operator saw revenues of EUR1.75 billion in the final three months of 2015, down 9.7% year-on-year, while full-year sales fell 5.4% to EUR7.01 billion. Adjusted to exclude restructuring costs and other incidentals, KPN says sales would have dropped 8.1% and 4.5%, respectively. Q4 2015 EBITDA was down 12% at EUR578 million, and for the full year EBITDA fell 19% to EUR2.32 billion. Net profit was boosted, however, by a gain from the sale of Telefonica Deutschland shares; fourth-quarter profit jumped from a loss of EUR16 million in 2014 to a profit of EUR254 million last year, while FY2015 profit stood at EUR524 million, up from EUR261 million the year before.

In operational terms, the domestic consumer mobile business saw subscriber numbers rise 2.7% in 2015 to 7.75 million, with the post-paid user base growing 7.7% to 3.99 million. Retail ARPU was unchanged at EUR19 a month. Residential fixed broadband customer numbers rose 5% in 2015 to 2.91 million, while the number of fixed voice accounts increased by 125,000 in twelve months to end the year on 2.70 million. TV subscriptions were up 8% at 2.25 million, with 1.62 million households taking a triple-play voice, data and TV package. In the Dutch business sector, access lines were down 17% at 719,000, while business DSL accounts dropped 20% to 151,000. Excluding machine-to-machine (M2M) connections, the business mobile unit saw customer numbers rise 3.7% to 1.79 million.

Netherlands, KPN