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Dutch telco KPN hikes dividend as earnings rise

AMSTERDAM (Reuters) -Dutch telecom company KPN announced on Monday a new share buyback program and a higher dividend over 2022, as its core profit rose on the back of growing...
Dutch telco KPN hikes dividend as earnings rise © Reuters. FILE PHOTO: KPN logo is seen at its headquarters in Rotterdam, Netherlands, January 30, 2019. REUTERS/Piroschka van de Wouw/File Photo

AMSTERDAM (Reuters) -Dutch telecom company KPN announced on Monday a new share buyback program and a higher dividend over 2022, as its core profit rose on the back of growing mobile revenues.

The largest telecom provider in the Netherlands said it would buy back 300 million euros ($335 million) worth of its own shares this year, while it expected to increase its dividend by 5% over this year.

"Although cost savings were moderate, productivity increased considerably and improving service revenues supported growth in EBITDA, while free cash flow exceeded our guidance", Chief Executive Joost Farwerck commented on KPN's 2021 results in a statement.

KPN's adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) in the fourth quarter of last year increased 4%, to 584 million euros, in line with analysts' expectations.

KPN said it expected core earnings to grow slightly again this year, as total revenues from corporate customers are set to stabilize toward the end of 2022.

Adjusted EBITDA is seen to rise to around 2.4 billion euros in 2022, from 2.35 billion euros last year.

KPN in recent years sold its international activities and now mainly sells bundles of telephone, internet and TV services on the Dutch market.

($1 = 0.8957 euros)

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    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
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    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank8,300/ 8,500
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SJC 1L, 10L, 1KG8,300/ 8,520
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SJC 1c, 2c, 5c7,380/ 7,550
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SJC 99,99%7,370/ 7,470
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SJC 99%7,196/ 7,396
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