Koninklijke KPN NV
F:KPN

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Koninklijke KPN NV Logo
Koninklijke KPN NV
F:KPN
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Price: 3.835 EUR -0.93% Market Closed
Market Cap: 15.1B EUR

Koninklijke KPN NV
Investor Relations

Once upon a time in the Netherlands, telecommunications wove its intricate web through Koninklijke KPN NV, a company that has become a silent architect of connection in the digital age. Founded in the late 19th century, KPN has evolved from its historic roots as a state-run postal, telegraph, and telephone service into a private powerhouse of modern telecommunications. It sits at the forefront of the Dutch market, providing landline and mobile voice and data services, internet, and television. With a robust infrastructure that includes fiber optics, KPN ensures that the Netherlands stays interconnected. Central to its operations is the seamless integration of these services, catering to both consumers and businesses, as it champions data and connectivity in an ever-digitizing economy.

Financially, KPN thrives on its comprehensive service offerings. Revenues spring from multiple tributaries, primarily anchored in mobile and fixed-line broadband services. The company's mobile division generates income from postpaid and prepaid connections, enhanced by value-added services such as data plans and mobile streaming. Its fixed-line services harvest profits from internet subscriptions, bundled packages that often include digital TV, and voice telephony. Corporate clientele fortify KPN’s financial scaffold, relying on its secure networks and innovative ICT solutions. This enterprise segment leverages cloud services, cybersecurity measures, and other tailored digital transformations to draw in higher-margin contracts. KPN remains vigilant, continuously investing in technology to meet the rising demand for faster speeds and agile digital solutions, thus securing its position as a central node in the Dutch digital ecosystem.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 28, 2025
AI Summary
Q3 2025

Revenue Growth: KPN reported group service revenue growth of 1.7% year-on-year, with all segments contributing, though growth slowed versus prior quarters.

EBITDA Improvement: Adjusted EBITDA after leases grew by 4.4% year-on-year, supported by higher service revenues and contributions from the tower company Althio.

Cash Flow Rebound: Free cash flow rebounded in Q3 and is up 12% year-to-date, driven by EBITDA growth and improved working capital.

Fiber Expansion: KPN expanded its fiber footprint by 74,000 homes passed and 82,000 homes connected in Q3, approaching the goal of covering 80% of Dutch households.

Guidance Reiterated: Management reiterated its full-year and midterm 337 targets (3% CAGR for revenues and EBITDA, 7% for free cash flow) and expects to deliver on the 2025 outlook.

Competitive Landscape: The market remains competitive, but KPN sees limited impact from rivals' new offerings and continues to focus on converged households and lower churn.

Workforce Reduction: Over 300 FTEs were reduced year-over-year, with more reductions expected as digitalization progresses.

Key Financials
Fiber Homes Passed
74,000 (Q3 addition)
Fiber Homes Connected
82,000 (Q3 addition)
Net Promoter Score (Consumer)
+17 (Q3), +15 year-to-date
Net Promoter Score (Business)
+5 (Q3)
Mobile Subscribers (Net Adds)
47,000 (Q3)
Leverage Ratio
2.5x (end of Q3)
Interest Coverage Ratio
9.5x (sequentially lower)
Cash Position
EUR 373 million (end of Q3)
Earnings Call Recording
Other Earnings Calls

Management

Mr. Hans Christian Figee MSc
CFO & Member of Management Board
No Bio Available
Mr. Wouter Stammeijer
COO & Member of Management Board
No Bio Available
Ms. Marieke W. M. Snoep
Chief Consumer Market & Member of Management Board
No Bio Available
Ms. Hilde Garssen
Chief People Officer & Member of Management Board
No Bio Available
Ms. Chantal Vergouw
Chief of Business Market & Member of the Management Board
No Bio Available
Mr. Hans Koeleman
Chief Corporate Communications & CSR
No Bio Available
Mr. Jacob Groote
Executive Vice President of Innovation & Partnerships
No Bio Available
Mr. Paolo Nanni
Chief Transformation Officer
No Bio Available
Mr. Jan Maarten Van Osch
Treasury Director
No Bio Available

Contacts

Address
ZUID-HOLLAND
Rotterdam
Wilhelminakade 123
Contacts
+31703434343.0
www.kpn.com