Q3 revenues were down by 5.6% yoy: a rather poorer performance than the 2.1% and 2.4% declines recorded in Q2 and Q1. But excluding the Wholesale and iBasis sharp declines, the consumer revenues were down by only 1.5% yoy (and up by 0.5% excluding the negative impact from the “Roam like at home” regulation) while the usual decline in the business activities seems to have improved slightly with a 4.9% decrease in revenues (vs -5.9% in Q2). EBITDA was, however, quite solid with a gl

26 Oct 2017
A solid EBITDA margin despite a sharp decline in Wholesale revenues

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A solid EBITDA margin despite a sharp decline in Wholesale revenues
Royal KPN NV (KPN:WBO) | 0 0 1.1% | Mkt Cap: 10,881m
- Published:
26 Oct 2017 -
Author:
Jean-Michel Salvador -
Pages:
3 -
Q3 revenues were down by 5.6% yoy: a rather poorer performance than the 2.1% and 2.4% declines recorded in Q2 and Q1. But excluding the Wholesale and iBasis sharp declines, the consumer revenues were down by only 1.5% yoy (and up by 0.5% excluding the negative impact from the “Roam like at home” regulation) while the usual decline in the business activities seems to have improved slightly with a 4.9% decrease in revenues (vs -5.9% in Q2). EBITDA was, however, quite solid with a gl