Q3 sales down 1.8% for KPN

25 Oct 2019

Dutch telco KPN has reported a 1.8% year-on-year drop in adjusted revenues for the third quarter of 2019 to EUR1.37 billion (USD1.53 billion), while sales for the first nine months of the year dropped 2.6% to EUR4.09 billion. Third-quarter EBITDA rose 2.9% on an adjusted basis to EUR599 million, while net profit jumped from EUR94 million in Q3 2018 to EUR314 million in the most recent period, boosted by a EUR171 million one-off gain from the sale of its data centre subsidiary NLDC.

Netherlands, KPN