Here is how Carlisle (CSL) and Koninklijke KPN NV (KKPNF) have performed compared to their sector so far this year.
Dutch telecom company KPN said on Friday its core profit increased 4.5% in the first three months of the year, driven by growing demand from consumers and businesses. Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA), and after leases, were 593 million euros. KPN reiterated its outlook for 2022, forecasting slight growth in core earnings.
AMSTERDAM (Reuters) -Dutch telecom company KPN announced on Monday a new share buyback program and a higher dividend over 2022, as its core profit rose on the back of growing mobile revenues. The largest telecom provider in the Netherlands said it would buy back 300 million euros ($335 million) worth of its own shares this year, while it expected to increase its dividend by 5% over this year. "Although cost savings were moderate, productivity increased considerably and improving service revenues supported growth in EBITDA, while free cash flow exceeded our guidance", Chief Executive Joost Farwerck commented on KPN's 2021 results in a statement.