Dutch telecom KPN said on Tuesday it intends to buy back shares worth 200 million euros as it posted second-quarter earnings above estimates and maintained guidance.
KPN reported second quarter adjusted earnings before interest, taxes, depreciation and amortisation after leases of 589 million euros , exceeding the 584 million expected in a company compiled poll."The confidence in our strategic plan and successful execution gives us comfort around our multi-year cash generation perspective, enabling us to structurally return additional capital to our shareholders", Chief Executive Joost Farwerck said in a statement.