KPN delivers on FY 2022 outlook with sustainable Group service revenue growth
- Continued Group service revenue growth in Q4 (+1.5% y-on-y)
- Turnaround Business service revenues established in 2022 driven by strong growth in SME
- Strong service revenue growth in Consumer Mobile, fixed market remains competitive
- Solid FY 2022 adjusted EBITDA AL growth up to € 2,404m (+2.4% y-on-y) and FCF generation at € 862m (+9.9% y-on-y)
- Awarded best mobile network in the Netherlands for 5th time in a row and best All-in-1 broadband provider in the Netherlands
- Expanding fiber footprint with +348k homes passed in 2022 (+544k homes passed including Glaspoort), covering 47% of the Netherlands
- Steadily improving ROCE to 13.1%, reflecting shareholder value creation
- 2023 outlook: adjusted EBITDA AL of ~€ 2,410m, Capex of € 1.2bn, FCF of ~€ 870m, DPS of € 15.0 cents
- New € 300m share buyback for 2023 announced
For the full disclosure, please see the attached press release