ARPU per household increased by 4.9% year-on-year. Adjusted revenues for The Netherlands were 3.7% lower y-on-y in Q3 2017; when excluding the impact from regulation this was -1.9% y-on-y.
Higher ARPU per household and customer base growth led to revenue growth in Consumer, but this was offset by lower Business and Wholesale revenues. Revenues in Business continued to be impacted by rationalization in fixed and price pressure in mobile, partly offset by growth in integrated solutions. Wholesale saw lower revenues from international traffic and MVNOs.
Adjusted EBITDA was 3.9% lower y-on-y in Q3 2017; when excluding the impact from regulation this was in line with last year (-0.6% y-on-y). Lower revenues were largely offset by savings related to Simplification and lower subscriber acquisition and retention costs.
Operating profit was 13% lower y-on-y in Q3 2017, mainly driven by lower EBITDA. Net profit grew EUR 87m y-on-y to EUR 132m in Q3 2017, due to lower finance expenses as Q3 2016 was impacted by additional finance expenses related to a bond tender (EUR 120m net of tax).
Last week KPN said its CEO Eelco Blok is to step down in April, to be replaced by Maximo Ibarra, former head of Italian mobile network operator Wind Tre.