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Koninklijke KPN NV (KPN.AS)

KPN.AS on Amsterdam Stock Exchange

2.93EUR
23 Oct 2019
Change (% chg)

€0.00 (+0.03%)
Prev Close
€2.93
Open
€2.93
Day's High
€2.94
Day's Low
€2.91
Volume
11,523,200
Avg. Vol
14,873,509
52-wk High
€2.98
52-wk Low
€2.27

Latest Key Developments (Source: Significant Developments)

KPN To Withdraw Appointment Of Dominique Leroy As CEO
Monday, 30 Sep 2019 

Sept 30 (Reuters) - Koninklijke KPN NV ::ROYAL KPN N.V. PRESS RELEASE: KPN TO WITHDRAW THE INTENDED APPOINTMENT OF DOMINIQUE LEROY AS CEO OF KPN.DOMINIQUE LEROY IS NO LONGER A CANDIDATE IN THE PROCESS TO BECOME THE CHIEF EXECUTIVE OFFICER AND CHAIRMAN OF THE BOARD OF MANAGEMENT OF KP.DURATION OF PROCEDURES WHICH CONCERN MRS. LEROY BY AUTHORITIES IN BELGIUM IS UNCLEAR AND UNPREDICTABLE.SUPERVISORY BOARD OF KPN CONSIDERS THESE UNCERTAINTIES AROUND TIMING NOT IN INTEREST OF KPN AND ITS STAKEHOLDERS.FOR THIS REASON, SUPERVISORY BOARD HAS TAKEN DECISION TO WITHDRAW INTENDED APPOINTMENT OF MRS. LEROY.EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS - SCHEDULED FOR MONDAY 28 OCTOBER 2019 - WILL NOT TAKE PLACE.JOOST FARWERCK WILL TEMPORARILY ASSUME THE POSITION OF CHAIRMAN OF THE BOARD OF MANAGEMENT AND EXECUTIVE COMMITTEE..SUPERVISORY BOARD IS FULLY FOCUSED ON SITUATION AND EXPECTS TO BE ABLE TO MAKE A FURTHER ANNOUNCEMENT AT SHORT NOTICE.  Full Article

KPN Ventures Invests In IQ Capital
Wednesday, 17 Jul 2019 

July 17 (Reuters) - Koninklijke KPN NV ::KPN VENTURES INVESTS IN THE FINAL CLOSE OF THE THIRD EARLY-STAGE INVESTMENT FUND OF CAMBRIDGE.KPN VENTURES INVESTS IN IQ CAPITAL.  Full Article

GTT Communications Says To Acquire KPN International For 50 Mln Euros
Monday, 8 Jul 2019 

July 8 (Reuters) - GTT Communications Inc ::GTT TO ACQUIRE KPN INTERNATIONAL.DEAL FOR APPROXIMATELY EUR 50 MILLION IN CASH.DEFINITIVE PURCHASE AGREEMENT TO ACQUIRE KPN INTERNATIONAL, A DIVISION OF KPN N.V. HEADQUARTERED IN NETHERLANDS.  Full Article

KPN Invests In Online Patient Portal Provider Pharmeon
Thursday, 6 Jun 2019 

June 6 (Reuters) - KONINKLIJKE KPN NV ::KPN INVESTS IN ONLINE PATIENT PORTAL PROVIDER PHARMEON.KPN VENTURES IS PROVIDING GROWTH CAPITAL FOR DIGITAL HEALTHCARE COMPANY PHARMEON.  Full Article

KPN To Sell NLDC To DWS
Monday, 20 May 2019 

May 20 (Reuters) - KONINKLIJKE KPN NV ::ROYAL KPN N.V. PRESS RELEASE: KPN TO SELL NLDC TO DWS.PROCEEDS OF TRANSACTION WILL BE RETAINED TO INCREASE OPERATIONAL AND FINANCIAL FLEXIBILITY.TRANSACTION IS SUBJECT TO REGULAR CLOSING CONDITIONS, INCLUDING REGULATORY APPROVALS.  Full Article

KPN Sees No Substantial Change In Competitive Landscape With T-Mobile-Tele2 Merger - Conf Call
Wednesday, 28 Nov 2018 

Nov 28 (Reuters) - KPN ::ON T-MOBILE-TELE2 MERGER: WE DON'T BELIEVE COMPETITIVE LANDSCAPE IS GOING TO CHANGE SUBSTANTIALLY -CONF CALL.ON T-MOBILE-TELE2 MERGER: WE SEE THIS AS POSITIVE IN LONG-TERM -CONF CALL.  Full Article

Royal KPN Updates Mid-Term Ambitions
Wednesday, 28 Nov 2018 

Nov 28 (Reuters) - KONINKLIJKE KPN NV ::ROYAL KPN N.V. PRESS RELEASE: KPN ACCELERATES STRATEGY TO DELIVER ORGANIC SUSTAINABLE GROWTH.MEDIUM-TERM AMBITIONS, : - GROWING ADJUSTED EBITDA ORGANICALLY: DRIVEN BY A NEW MULTI-YEAR SUSTAINABLE NET OPEX REDUCTION PROGRAM OF AROUND EUR 350M.MEDIUM-TERM AMBITIONS SETTING ANNUAL CAPEX AT EUR 1.1BN.MEDIUM TERM AMBITION: SUSTAINABLE FREE CASH FLOW GROWTH DRIVEN BY EBITDA.REITERATES THE FY 2018 OUTLOOK.IN CONSUMER KPN AIMS TO GROW CONVERGED HOUSEHOLDS BY 300K AND CONVERGED POSTPAID BASE TO 70% BY END OF 2021..REITERATES FY 2018 OUTLOOK.IN BUSINESS SEES STABILIZATION OF END-TO-END ADJUSTED EBITDA BY MID 2020..REMAINS COMMITTED TO SOLID INVESTMENT GRADE CREDIT PROFILE AND AIMS FOR A NET DEBT TO EBITDA RATIO OF < 2.5X IN MEDIUM TERM.SINCE START OF KPN'S SIMPLIFICATION PROGRAM IN 2014, APPROXIMATELY EUR 650M RUN-RATE SAVINGS HAVE BEEN REALIZED AS AT END OF Q3 2018.SEES AROUND EUR 350M NET INDIRECT OPEX SAVINGS OVER PERIOD 2019 - 2021.SAVINGS WILL PRIMARILY BE REALIZED THROUGH FURTHER SIMPLIFICATION, AUTOMATION AND END-TO-END DIGITALIZATION OF IT PLATFORMS AND SYSTEMS.  Full Article

KPN Q3 Adj. Revenue, Adj. EBITDA In Line With Estimates
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - KONINKLIJKE KPN NV ::Q3 ADJUSTED REVENUE EUR 1.40 BILLION VERSUS EUR 1.40 BILLION IN COMPANY COMPILED CONSENSUS.Q3 RECORD-HIGH CONSUMER NPS OF +17 (Q3 ’17: +14).OUTLOOK 2018 (CONTINUING OPERATIONS): ADJUSTED EBITDA IN LINE WITH 2017.Q3 FREE CASH FLOW EUR 235 MILLION VERSUS EUR 238 MILLION IN COMPANY COMPILED CONSENSUS.OUTLOOK 2018 (CONTINUING OPERATIONS): CAPEX CIRCA EUR 1.1BN.OUTLOOK 2018 (CONTINUING OPERATIONS): FREE CASH FLOW (EXCLUDING. TEFD DIVIDEND) GROWING TO CIRCA EUR 800M.IN CONSUMER Q3 68% OF KPN BRAND POSTPAID CUSTOMERS IN FIXED-MOBILE BUNDLE (Q3 ’17: 62%).IN CONSUMER Q3 +53K FIXED-MOBILE POSTPAID CUSTOMERS, REACHING 56% OF POSTPAID BASE (Q3 ’17: 49%).IN CONSUMER Q3 +26K FIXED-MOBILE HOUSEHOLDS, REACHING 45% OF BROADBAND BASE (Q3 ’17: 40%).IN CONSUMER Q3 ARPU PER HOUSEHOLD INCREASED BY 4.1% Y-ON-Y TO EUR 45..Q3 CAPEX EUR 257 MILLION VERSUS EUR 250 MILLION IN COMPANY COMPILED CONSENSUS.FIRST-TIME POSITIVE BUSINESS NPS OF +1 (Q3 ’17: -5).SECOND WAVE SIMPLIFICATION PROGRAM DELIVERED AROUND EUR 190M RUN-RATE SAVINGS BY END Q3 ’18.Q3 COMPANY CONSENSUS: ADJUSTED. REVENUE EUR 1.40 BILLION; ADJUSTED. EBITDA EUR 586 MILLION; PROFIT FOR PERIOD EUR 116 MILLION.Q3 COMPANY CONSENSUS: FREE CASH FLOW EUR 238 MILLION; CAPEX OF NEGATIVE EUR 250 MILLION.NET PROFIT OF EUR 90M IN Q3 2018, 9.5% LOWER Y-ON-Y..Q3 ADJUSTED EBITDA 1.2% LOWER Y-ON-Y IN Q3 2018 AT 585 MILLION EUROS.INTENDS TO PAY REGULAR DIVIDEND PER SHARE OF EUR 12 CENTS IN RESPECT OF 2018.  Full Article

KPN Q2 Adjusted Ebitda Is At 577 Million Euros
Thursday, 26 Jul 2018 

July 26 (Reuters) - Koninklijke KPN NV KPN.AS::Q2 ADJUSTED REVENUES EUR 1.40 BILLION VERSUS EUR 1.38 BILLION IN REUTERS POLL.OUTLOOK 2018 (CONTINUING OPERATIONS) • ADJUSTED EBITDA IN LINE WITH 2017.Q2 ADJUSTED EBITDA EUR 577 MILLION VERSUS EUR 567 MILLION IN REUTERS POLL.OUTLOOK 2018 (CONTINUING OPERATIONS) • CAPEX AROUND EUR 1.1BN.OUTLOOK 2018 (CONTINUING OPERATIONS) • FREE CASH FLOW (EXCLUDING. TEFD DIVIDEND) GROWING.Q2 CAPEX EUR 245 MILLION VERSUS EUR 235 MILLION YEAR AGO.Q2 REUTERS POLL: ADJUSTED. REVENUES EUR 1.38 BILLION; ADJUSTED. EBITDA EUR 567 MILLION; PROFIT FOR PERIOD EUR 155 MILLION.Q2 FREE CASH FLOW EUR 278 MILLION VERSUS EUR 289 MILLION YEAR AGO.INTENDS TO PAY A REGULAR DIVIDEND PER SHARE OF EUR 12 CENTS IN RESPECT OF 2018 AND GROW THE REGULAR DIVIDEND IN LINE WITH ITS FREE CASH FLOW GROWTH PROFILE THEREAFTER.  Full Article

KPN Purchased Remaining 85% Interest In Startready
Monday, 26 Mar 2018 

March 26 (Reuters) - KPN ::PURCHASED REMAINING 85% INTEREST IN STARTREADY.RANSACTION FITS IN WITH KPN'S STRATEGY TO GROW IN CLOUD AND IT SERVICES.  Full Article

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KPN drops new CEO Leroy amid investigation into share sale

AMSTERDAM Dutch telecoms firm KPN ditched plans to name Belgian executive Dominique Leroy as its new CEO because she is under investigation for selling shares in her previous company, Proximus , while she was in talks to take the KPN job.