Total revenue grew by 12.6% over the fourth quarter of 2000, and communication services revenue increased 15.2%. KPNQWest has successfully met or exceeded the consensus of analysts’ estimates for revenue, earnings before interest, taxes, depreciation and amortisation (EBITDA) and earnings per share for the last seven quarters now.
KPNQwest continues to experience strong growth across its product lines in all segments of the European data communications market. We are also demonstrating our forecasted improvement in gross margins, Selling General & Administrative (SG&A) costs as a percentage of revenues, and EBITDA margins as we execute our business plan. Our focused execution has delivered measurable results, said Jack McMaster, president and CEO of KPNQwest to the press.
We believe that we can achieve the financial objectives we have set for 2001 of approximately E780 million in revenue for the year and EBITDA positive for the fourth quarter.
