Koninklijke KPN N.V. (KPN) Earnings Call Transcripts

Koninklijke KPN N.V.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Koninklijke KPN N.V. reported a modest increase in group service revenues of 0.6%, reflecting a mixed performance across its consumer, SME, and wholesale segments. Adjusted EBITDA grew by 3.1%, while net profit surged 19% year-on-year, driven by higher operating profit. Management maintained its full-year guidance, expecting service revenue growth to improve in the second half of the year, with a focus on cost discipline and free cash flow generation.

Reported metrics

Guidance from management

Management reiterated its full-year 2026 outlook, expecting service revenue growth to improve in the second half of the year. They anticipate B2B growth to recover with a focus on high-margin SME business.

What management said

Yes. Thanks, operator. Good afternoon, ladies and gentlemen, and thank you for joining us for KPN's first quarter results webcast. With me today are our CEO, Joost F. Farwerck; and our CFO, Chris Figee. Before we begin, please note the safe harbor statement on Page 2 of the slides. Today's remarks may include forward-looking statements, including KPN's expectations regarding its outlook and ambitions, as also set o...

I think given the effects of our main clients, that's affecting that number. So you see wholesale a bit lower OpEx in Q2, they're picking up in the second half of the year. I would say, probably around 2% for the year. Next year is a different story, but I think for this year, probably more around 2-ish than 3, I think. And I do think that the combination of physical roaming and the effect of the broadband base or ma...

What analysts pressed on

Analysts expressed concerns regarding the decline in B2B revenues, particularly from tailored solutions, and sought clarity on the competitive pressures impacting wholesale revenues. There were also questions about the sustainability of consumer price increases amid rising competition.

Main topics on the call

• Revenue Growth Performance — KPN's group service revenues increased by 0.6% year-on-year, with consumer service revenues rising 1.3%. Management noted, 'We expect this lower level of top line growth to continue but with momentum picking up again in ...
• EBITDA and Profit Growth — Adjusted EBITDA after leases grew by 3.1% year-on-year, supported by higher revenues and cost discipline. The net profit increased by 19%, attributed to a higher operating profit and absence of prior year one-off costs.
• B2B Segment Challenges — Business service revenues declined by 0.6% year-on-year, primarily due to a significant drop in tailored solutions. Management stated, 'Without that tailored solutions effect, B2B service revenues would have been 2.5% th...
• Free Cash Flow Outlook — Free cash flow declined by about 20% compared to last year, attributed to timing effects. However, management expects recovery in Q2, stating, 'We stay fully on track to meet our full year free cash flow guidance.'

Read the full Koninklijke KPN N.V. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 39 Koninklijke KPN N.V. earnings call transcripts on record, spanning January 29, 2020 to July 22, 2026. Based on this history, Koninklijke KPN N.V. reports quarterly. The most recent call on file is dated July 22, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

KPN

Exchange

ENXTAM

Country

NL

Sector

Communication Services

Industry

Diversified Telecommunication Services

Calls on record

39

First call

January 29, 2020

Most recent

July 22, 2026

Reporting cadence

quarterly