PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: KPN N.V.

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

KPN Group Announces Q1 2012 Results - First quarter of the 2012 transition year was according to plan
KPN Group Announces Q1 2012 Results

 

NewswireToday - /newswire/ - The Hague, Netherlands, 2012/04/25 - First quarter of the 2012 transition year was according to plan.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Services/Network Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Highlights:

• Financial results according to plan in first quarter of transition year;
• EBITDA and FCF impacted by phasing and accelerated investments in The Netherlands;
• Further improving Dutch mobile propositions and expanding distribution;
• Increasing TV market share and start of regionalization in Consumer Residential;
• Revenue growth at good EBITDA margin in Germany, strong underlying growth in Belgium;
• Confirming outlook;
• 2011 dividend of EUR 0.85 approved by AGM, final dividend of EUR 0.57 paid today.



Message from the CEO, Eelco Blok

"The overall performance of the KPN Group in the first quarter of the 2012 transition year was according to plan. The implementation of the accelerated investment strategy for The Netherlands is on track, and we have made several key management appointments that will help us achieve our strategic ambitions. In Consumer Mobile, we have made substantial improvements to our propositions and have expanded our distribution footprint. In Consumer Residential, our TV market share increased further and the implementation of the regionalization approach is starting. Results in Germany reflected revenue growth at a good EBITDA margin, while Belgium showed another strong quarter. We continued to invest in the high speed data network roll-out in Germany and Belgium and in new propositions to support growth. The roll-out of the high speed data network in Germany is on track to reach the target of 80% population coverage by the end of this year.
On the cost side, we continued to make progress with our FTE reduction program in The Netherlands of 4,000-5,000 FTE which we now intend to complete by the end of 2013, two years earlier than originally planned. Included in this, I have set a tough but achievable target for Group headquarters to reduce costs by 30-40% by 2013.

Needless to say, the current financial performance of the company is not in line with our medium to longer term ambition. The accelerated investment strategy in this transition year, combined with a focus on quality and simplification to drive customer satisfaction and reputation, will support a sustainable level of profit for The Netherlands from end-2012. Group profits and cash flow are planned to improve in the second half of 2012, driven by a better performance in our Dutch businesses. Therefore, I confirm the 2012 outlook.”

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Services/Network Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: KPN N.V.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
IT Services/Network Management articles,
CATCH Visitors via Your Competitors Announcements!


KPN Group Announces Q1 2012 Results

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

KPN |
Publisher Contact: KPN Media Relations - KPN.com 
press[.]kpn.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any KPN N.V. securities in any jurisdiction including any other companies listed or named in this release.

IT Services/Network Management via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From KPN N.V. / Company Profile


Read IT Services/Network Management Most Recent Related Newswires:

RightITnow Introduces Major New Features with Latest ECM 4.6
Evolve IP Announces Comprehensive Solution for Multichannel Contact Center Management
Global High Density Racks Market Revenue Growth Predicted by 2026 Says PMR
ISYX Technologies Wins Cisco Emerging Partner of the Year Award
FarEye Wins Prestigious World Post & Parcel Award in The Technology Category
AXILSPOT Announces Availability of ASW120 In-wall Wireless Access Point in the Middle East and Africa
Thales Forges Ahead in Digital Technologies
Frost & Sullivan Recognizes A10 Networks for Technology Leadership in China Application Delivery Controller Market
ISYX Technologies Joins IFS Partner Network
Evolve IP and Monet Software Partner to Improve Workforce Management for Contact Centers
Infosys Announces Strategic Alliance with HP, Inc. to Accelerate Digital Transformation for the Enterprise
Infosys Launches Boundaryless Data Lake Offering Powered by its Information Grid Solution on Amazon Web Services
YASH Technologies Announces Acquisition of UK-Headquartered ITPM Consulting
Werum IT Solutions honored with Frost & Sullivan Global Technology Leadership Award for Industrial Automation Solutions in Pharma and Biotech
Tech Mahindra Ranked Amongst the Top 15 Global Tech Services Brand

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit RightITnow Ltd

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)