KPN's business figure continues to decline due to market conditions Now

The decline in revenues of telecommunications company KPN did not stop in the third quarter. Among other things, the business branch saw the turnover drop. Profits also declined, according to a commercial report released on Wednesday.

KPN has been struggling for some time with difficult market conditions. But the company has not said anything about labor market interventions, about which rumors have circulated.

Topman Maximo Ibarra, who arrived at the helm of KPN earlier this year, has probably revealed his new plans for the future during a day of the investor. end of November

The company generated revenues from continuing operations of nearly € 1.4 billion in the last quarter. That's 0.9 percent less than a year ago. Operating profit (EBITDA) decreased by 2.4% to 546 million euros. Net income decreased by 90 million euros, down 9.5% from the third quarter of last year.

"KPN is on the right track"

Ibarra qualifies the results as "solid" and he feels that KPN is solid. is on track to meet its previously established financial expectations for the full year of 2018. The company is also counting on an adjusted operating result similar to that of 2017.

Ibarra also highlights the popularity KPN ONE, where business customers associate their Internet connection and calls in a single package.

KPN is already spending more time cutting costs in order to face the fierce competition in the telecommunications market. However, the telecompaper market study recently announced on insider's basis that the company was preparing new savings.

In addition, data traffic continues to grow dramatically, necessitating the necessary investments. On the other hand, new technologies allow savings, according to experts.