Friday, January 31, 2025

KPN delivered on FY 2024 outlook; on track towards mid-term ambitions

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  • FY24 Group service revenues +3.4% y-on-y (+3.1% organic ), adj. EBITDA AL of € 2,508m (+3.6% y-on-y, or +3.1% excl. Youfone) and FCF of € 900m
  • Continued Group service revenue growth (+2.5% y-on-y, or +2.0% organic) in Q4, with organic growth across all segments
  • Consumer service revenue grew 4.4% y-on-y in Q4, or +1.0% organic
  • Solid commercial momentum in Consumer driving postpaid (+30k) and broadband (+10k) base growth in Q4
  • Business service revenue grew 2.5% y-on-y in Q4, or +3.1% organic, driven by all divisions
  • Continued to lead the Dutch fiber market; expanded footprint with 574k HP (incl. Glaspoort), record year connecting homes
  • 2025 outlook: Service revenue growth ~3%, adj. EBITDA AL ~€ 2,580m, Capex ~€ 1.25bn and FCF ~€ 910m
  • 7% DPS growth (DPS of € 18.2 cents) and new € 250m share buyback, returning all FCF to shareholders in 2025


Program

12:45 CET: Registration of attendees
13:00 CET: Webcast

The webcast and documents can be accessed via our website ir.kpn.com

Formal disclosures:

Royal KPN N.V.
Head of IR: Matthijs van Leijenhorst
Inside information: Yes
Topic: Q4 2024 Results
30/01/2025; 7:30h
KPN-N

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