Royal KPN Reports Strong Fourth-Quarter Net Profit

Royal KPN, the Dutch telecommunications company, has exceeded market expectations with an 8.4% rise in net profit for the fourth quarter. This growth can be attributed to expansion across all segments, as well as continued growth in mobile service revenue and broadband base.

Financial Results

• Net profit for the quarter was €206 million, up from €190 million during the same period last year.
• Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), after leases, increased to €611 million, compared to €598 million previously.
• Adjusted revenue rose 4.3% to €1.42 billion from €1.37 billion.

Outlook for the Next Year

• Royal KPN expects adjusted EBITDA after leases of approximately €2.48 billion.
• Capital expenditure is projected to be €1.2 billion.
• Free cash flow is forecasted at €880 million.

Fiber Rollout and Broadband Base Growth

• CEO Joost Farwerck expressed confidence in the company's fiber rollout progress.
• The company has successfully expanded its fiber footprint and achieved broadband base growth across all segments in 2023.

Dividend Announcement

• The company's board has declared a dividend of 15 euro cents per share for the year.
• This includes a final dividend of 9.8 cents.