The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 74.08
Bid: 74.24
Ask: 74.28
Change: 0.58 (0.79%)
Spread: 0.04 (0.054%)
Open: 73.82
High: 75.00
Low: 73.48
Prev. Close: 73.50
VOD Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE: KPN Profit Up On Cost Cuts; Keeps Outlook

Tue, 27th Jul 2010 09:21

(Adds background, comments from analyst, company.) By Roberta B. Cowan Of DOW JONES NEWSWIRES AMSTERDAM (Dow Jones)--Royal KPN NV (KPN.AE) Tuesday reported a 26% increase in second-quarter net profit, mainly due to cost cutting, kept its full-year targets and said it doesn't see any further deterioration in the markets in which it operates. The Netherlands' largest telecommunications company posted a net profit of EUR465 million for the quarter ended June 30, up from EUR370 million a year earlier, beating analysts' expectations of EUR449 million. Earnings before interest, tax, deprecation and amortization, or Ebitda, came in at EUR1.4 billion, up from EUR1.3 billion a year earlier. Profitability improved at the group level due in part to cuts including jobs, consultancies, procurement costs and network rationalization. KPN didn't quantify the cost savings. The company also reported a EUR31 million increase in Ebitda attributable to Getronics, its information communications technology unit, while it benefited from the absence of regorganization costs incurred in 2009. Still, revenue declined 1.7% to EUR3.35 billion, from EUR3.41 billion, due in part to pressure in its Dutch consumer and business markets, missing expectations for EUR3.36 billion. The results were broadly in line, said ABN Amro analyst Rene Verhoef, noting the better than expected 3.6% rise in Ebitda at German mobile unit E-Plus. Still, he said the 4.3% sales decline at its business unit was disappointing, amid pressure in fixed-line and increased competition. Verhoef has a buy rating on the stock. KPN confirmed its outlook for revenue, Ebitda and free cash flow for this year and next. "All in all we are confident of achieving our objectives for 2010 and 2011 and have set an interim dividend per share of EUR0.27 for 2010 leading into the full year target of EUR0.80 dividend per share," said Chief Executive Ad Scheepbouwer. KPN said it didn't see any "further deterioration" of the markets in which it operates but cautioned that any worsening of economic circumstances could "jeopardize KPN's objective of achieving sound financial performance." KPN also said Tuesday it has experienced a strong increase in data users on its Dutch network, is investing to adapt to the rapid growth in mobile data resulting from smartphones and changing its pricing policies as a result. The company competes in its home market with Vodafone Group PLC (VOD) and Deutsche Telekom AG (DT), and also operates in Germany through its E-Plus unit. By 0818 GMT, KPN's shares were trading up 1.3% at EUR11.21 in a broadly higher AEX market. Company Web site: www.kpn.com -By Roberta B. Cowan, Dow Jones Newswires; +3120-571-5200; roberta.cowan@dowjones.com Order free Annual Report for Vodafone Group PLC Visit http://djnweurope.ar.wilink.com/?ticker=GB00B16GWD56 or call +44 (0)208 391 6028 (END) Dow Jones Newswires July 27, 2010 04:21 ET (08:21 GMT)
More News
27 May 2024 09:49

Vodafone to wire 120,000 flats in Germany for fibre optic service

(Alliance News) - Telecommunications firm Vodafone Group PLC has signed an infrastructure contract with one of Germany's largest housing companies to expand fibre-optic internet access to an additional 120,000 flats.

Read more
16 May 2024 11:26

Deutsche Telekom's strong Europe growth helps core earnings rise

May 16 (Reuters) - Deutsche Telekom reported first-quarter adjusted core earnings of 10.5 billion euros ($11.43 billion) on Thursday, with Europe a stand-out as the German telecoms operator highlighted growth across all of its segments.

Read more
16 May 2024 09:57

LONDON BROKER RATINGS: Barclays raises Travis Perkins to 'overweight'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday:

Read more
15 May 2024 10:09

TOP NEWS: Vodafone commences EUR500 million share buyback programme

(Alliance News) - Vodafone Group PLC on Wednesday said it began a share buyback programme of up to EUR500 million, a day after saying it would begin a wider EUR2.0 billion scheme following Spanish authorities giving the green light to the planned sale of its Spanish business.

Read more
15 May 2024 09:22

LONDON BROKER RATINGS: JPMorgan puts B&M on 'negative catalyst watch'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Read more
15 May 2024 07:44

LONDON BRIEFING: Stocks set to see gains ahead of US inflation data

(Alliance News) - Stocks in London are called higher, as investors shrug off nerves ahead of a key US inflation reading.

Read more
14 May 2024 17:38

Vodafone reports 2% rise in annual profit after stronger final quarter

Core earnings rise 2.2%, meeting market forecasts

*

Read more
14 May 2024 17:20

London stocks edge higher after mixed jobs report

FTSE 100 up 0.2%; FTSE 250 adds 0.3%

*

Read more
14 May 2024 16:55

LONDON MARKET CLOSE: FTSE 100 up despite Powell's US inflation caution

(Alliance News) - London's FTSE 100 edged higher on Tuesday, shaking off a warning from Federal Reserve Chair Jerome Powell on inflation, as well as tensions between the US and China.

Read more
14 May 2024 16:40

London close: Stocks manage gains as unemployment rises

(Sharecast News) - London stocks closed higher on Tuesday, as investors analysed the latest UK jobs data and remarks from Bank of England chief economist Huw Pill.

Read more
14 May 2024 16:21

TOP NEWS: Vodafone to start share buyback after Spanish deal cleared

(Alliance News) - Vodafone Group PLC on Tuesday said it plans to kick off its EUR2.0 billion share buyback programme after Spanish authorities gave the green light to the planned sale of its Spanish business.

Read more
14 May 2024 12:07

LONDON MARKET MIDDAY: Stocks flat; BoE's Pill says summer cut possible

(Alliance News) - Stocks in London made muted progress on Tuesday, ahead of key US data, as a leading Bank of England economist suggested talk of a summer rate cut was not "unreasonable."

Read more
14 May 2024 10:47

TOP NEWS: Vodafone says more "to be done" after annual earnings beat

(Alliance News) - Vodafone PLC on Tuesday reported a return to growth in Germany, as it delivered full-year results slightly ahead of its expectations.

Read more
14 May 2024 09:52

LONDON MARKET OPEN: Stocks steady after soft jobs data; Vodafone stars

(Alliance News) - Stocks in London on Tuesday edged higher in early trading as soft jobs data boosted hopes of an interest rate cut in June.

Read more
14 May 2024 07:46

LONDON BRIEFING: UK wage growth above forecasts; Greggs sales rise

(Alliance News) - London's FTSE 100 index is called marginally lower on Tuesday, as the market awaits the release of key US economic data.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.