Solid performance KPN Group Belgium in 2011
Brussels, 24 January 2012 - KPN Group Belgium today published its results for the fourth quarter 2011 and for the full year 2011. The company finished 2011 with a strong fourth quarter, in which the customer base increased by 61k and now totals in excess of 4.1 million customers. Reported wireless service revenues for the full year were up by 0.4% to €687 million and corrected for the impact of regulation (totalling €60 million, principally mandatory cuts to MTA tariffs) service revenues in fact showed an underlying growth of 11% in 2011. At €273 million, reported EBITDA for the year was up by 0.7%, impacted by regulation to the tune of €35 million; underlying EBITDA increased by 23% year on year. KPN Group Belgium also grew its full year EBITDA margin to 35% on the back of its final quarter performance and increased focus on efficiency.
KPN has delivered
solid results in 2010.
