Sales KPN continues to drop, now below 7 billion euros – NOS

Five years ago, KPN annually, more than 13 billion in sales in the, in the meantime, revenue dropped to below 7 billion euros. The net profit of KPN last year from 370 million euros, almost a third less than a year earlier.

The turnover of KPN has been declining for years. Also last year, the turnover decreased again, now with almost 3 percent. That is because businesses on their telecom cost savings. “The competition is fierce”, says KPN ceo Eelco Blok in the NOS Radio 1 Journaal. He does not expect a quick end to the revenue decline. “We think that the tilt on the medium-term. That means not this year, but somewhere after that.”

KPN has in recent years downsized. Subsidiaries in Germany and Belgium, are sold. That is the main cause of the decline in revenue in recent years, but also the fierce competition prints the digits. However, the companies get more consumers as a customer.

“On the consumer market, we have demonstrated that a

decline in sales may be times when you does good things. We are convinced that we also on the business market going to do, only takes a little bit longer,” says Block.

The competition for mobile telephony appears to be getting worse. Competitor T-Mobile came in last month with new subscriptions with the data limit on mobile internet is deleted.

According to KPN ceo Blok does not automatically mean that any data limits on the term completely disappear. “We will work on that in the coming years. I am convinced that the bundles that we are now in the market have the good bundles. About changes in the coming period and I want to make any statements.”