Kon. KPN

Koninklijke KPN N.V. (OTCPK:KKPNF) Q1 2024 Results Conference Call April 24, 2024 7:00 AM ET Company Participants Reinout van Ierschot - IR Joost Farwerck - CEO Hans Figee - CFO Conference Call Participants Keval Khiroya - Deutsche Bank Andrew Lee - Goldman Sachs Polo Tang - UBS Maurice Patrick - Barclays Luigi Minerva - HSBC Nuno Vaz - Bernstein Nawar Cristini - Morgan Stanley Joshua Mills - BNP Paribas Exane Georgios Ierodiaconou - Citi Operator Good day, ladies and gentlemen, and welcome to KPN's First Quarter Earnings Webcast and Conference Call. » Mehr auf seekingalpha.com

Notwithstanding the relatively static total return since I opened on it last year, Dutch incumbent KPN nonetheless remains one of the best telecoms businesses in Europe. EBITDA margins have stabilized as expected, while it is gaining broadband share amid its ongoing fiber rollout. Fresh capital returns plans revealed during last year's Capital Markets Day look attractive, with investors ultimately looking at high single-digit annual dividend growth on top of a 5% base yield. » Mehr auf seekingalpha.com

"Cutting to grow" has been a good strategy in recent years for Dutch telecom firm KPN, with expanding profit margins delivering growth despite flat revenue. Managing the recent bout of high inflation has proved an added challenge given the upward pressure on energy and labor costs, with the margin declining in H1 2023. More of the same can work going ahead, with the rollout of fiber-to-the-home offering opportunities for both OpEx and CapEx reduction. » Mehr auf seekingalpha.com