Koninklijke Kpn Nv (KKPNF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon ladies and gentlemen and welcome to the Kpn Nv Please do note that this event is being recorded. At this time, all participants are in listen-only mode. We will facilitate a question-and-answer session toward the end of today's pre-paid remarks. If you would like to ask a question, you may do so by pressing pound key 5 on your telephone keypad. I will now turn the call over to your host for today, Matthijs van Lijnhorst, Head of Investor Relations. Please, go ahead. Yeah, thank you operator. Good afternoon ladies and gentlemen and thank you for joining us for Kpn's second quarter and H1 2026 results webcast. With me today are our CEO Joost Vaarwerk and our CFO Kies Vitae. Before we begin, please note the safe harbour statements on page two. Today's remarks may include forward-looking statements, including Kpn's expectations regarding its outlook and ambition, as also set out in the press release published this morning. All such statements are subject to the same hardware. With that, let me hand over to our CEO, Joost Farwe. Yes, thank you, Matthijs, and welcome, everyone. Let me start with the highlights of last quarter. Group service revenues increased by 0.8% and that's driven by consumer, SME and wholesale. In the mix, consumer showed an improving growth trend across both fixed and model. In business, SME continued to perform strongly. Overall growth was impacted by a decline in low margin tailored solutions division and LCE. And wholesale continued to grow with international sponsored roaming as the key driver. Our EBITDA increased by more than 3% on a comparable basis, supported by revenue growth and lower costs. Free cash flow rebounded in the second quarter, as planned, and is up to 7% year-to-date. And together with Glossport, our joint venture...