Royal KPN, the Dutch telecommunications company, has announced impressive financial results for the second quarter of this year, surpassing market expectations. The company reported a net income of €216 million ($240.3 million), representing a substantial 16% increase compared to the same period last year. This figure also exceeded the anticipated net income of €174 million.
KPN’s adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), after leases – the company’s preferred metric – experienced a slight rise from €595 million to €596 million. Similarly, adjusted revenue for the quarter reached €1.33 billion, up from €1.31 billion in the previous year.
Market analysts had predicted adjusted EBITDA after leases of €592 million and adjusted revenue of €1.34 billion. However, KPN’s financial performance outperformed these estimates, signaling the company’s strong position in the telecommunications industry.
In terms of future outlook, KPN has reaffirmed its guidance for the full year. The company expects adjusted EBITDA after leases to be approximately €2.41 billion, along with capital expenditure of €1.2 billion and free cash flow of €870 million.
These robust financial results highlight Royal KPN’s solid performance and reinforce its position as a key player in the telecommunications sector.
