Reuters logo
3 years ago
KPN Q4 profit worse than expected on mobile revenue squeeze
February 4, 2014 / 6:45 AM / 3 years ago

KPN Q4 profit worse than expected on mobile revenue squeeze

1 Min Read

BRUSSELS, Feb 4 (Reuters) - Dutch telecoms group KPN reported on Tuesday worse than expected core profit in the fourth quarter, as revenues from its domestic mobile phone business fell at a faster rate than in the previous quarter.

The group, which in 2013 fended off a takeover bid by its largest shareholder Carlos Slim's America Movil, said revenues from its Dutch mobile business fell 13 percent, down from a 9.6 percent drop in the third quarter.

Core profit (EBITDA) fell 30 percent in the fourth quarter to 614 million euros ($830 million), below the 652 million expected in a Reuters poll of seven analysts.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below