KPN posts Q2 2015 results

KPN posts Q2 2015 results

KPN has reported its Q2 results for 2015, in which adjusted revenues decreased 3.8% to €1.75 billion compared to the same period last year.

Revenues from continuing operations for the quarter decreased 5.1% to €1.74 billion from €1.84 billion in 2014. Adjusted EBITDA rose 1.5% to €602 million while capital expenditure reached €306 million. 

KPN said it plans to pay a dividend per share of €0.80 this year. The company added that it will pay an interim dividend per share of €0.30 in 2015, subject to approval by a general meeting of shareholders. The payouts are expected to increase from 2016, said the company. 

In April 2015, KPN agreed to sell its Belgian unit to Liberty Global’s Telenet for €1.33 billion. KPN has a 20.5% stake in Telefonica Deutschland, from the 2014 sale of its German E-Plus unit. 

KPN’s largest shareholder America Movil has said that it is looking to sell its 21.1% stake in the company. In May 2015 the Mexican company launched a sale of up to €2.5 billion worth of bonds in exchange for KPN shares. 

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