ThinkingStreet.com

Royal KPN (nyse: KPN - news - people ) NV posted first quarter sales and EBITDA in line with expectations, and said the integration of Getronics was progressing.

Total income over the first quarter came in at 3.570 billion euros, up from 2.924 billion year-on-year.

EBITDA rose to 1.231 billion euros from 1.189 billion in the same period a year ago.

Analysts had pegged sales in the range 3.447 billion euros to 3.637 billion, and EBITDA in the range 1.222 billion euros to 1.257 billion.

Net profit amounted to 334 million euros, from 313 million in the same period a year earlier, with earnings per share of 0.19 euros from 0.16 euros.

Analysts saw net profit of 354 million euros to 405 million.

The company said the integration of its ICT services and corporate solutions units with Getronics was on track and will be completed by January 1, 2009.

Sales at Getronics were 515 million euros over the period. Rabo Securities saw sales of 510 million euros.

At the company’s German mobile operator E-Plus, sales came in at 755 million euros, ahead of Rabo’s forecast 702 million euros.

The Dutch telecom company maintained its previous guidance of full-year capex of around 2 billion euros, with free cash flow of at least 2.4 billion euros.

At the company’s operations in the Netherlands, revenues were 2.594 billion euros, up from 2.062 billion. The company said 980 million euros of this came from its consumer operations, while 795 million euros were generated from business operations.

The company said its previously announced 1 billion euros share buy back still has 700 million euros outstanding, and will begin again from April 29.

[1] Original Source