Royal KPN NV (GB:0O8F) has released an update.
Royal KPN NV reported continued growth in Q2 2024, with a 3.7% increase in service revenues fueled by both Consumer and Business segments, and a 5.6% rise in adjusted EBITDA AL. The company showed strong operational performance, including the completion of the Youfone acquisition and an expanded fiber network, which now covers 60% of the Netherlands. KPN remains confident in achieving its full-year outlook for 2024, maintaining its forecast for an adjusted EBITDA AL of approximately €2.5 billion, Capex of €1.2 billion, and Free Cash Flow of over €890 million.
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