Koninklijke KPN N.V. (KKPNY) Q2 2026 Earnings Call Transcript

Company Participants Matthijs van Leijenhorst - Head of IR Joost Farwerck - Chairman of Management Board & CEO Hans Figee - CFO & Member of Management Board Conference Call Participants Joshua Mills - BNP Paribas, Research Division Ajay Soni - JPMorgan Chase & Co, Research Division Polo Tang - UBS Investment Bank, Research Division David Wright - BofA Securities, Research Division Mollie Witcombe - Goldman Sachs Group, Inc., Research Division David Vagman - ING Groep N.V., Research Division Keval Khiroya - Deutsche Bank AG, Research Division Paul Sidney - Joh. Berenberg, Gossler & Co. KG, Research Division Carl Murdock-Smith - Citigroup Inc. Exchange Research Presentation Operator Good afternoon, ladies and gentlemen. Welcome to the KPN Second Quarter Earnings Webcast Conference Call. Please note that this event is being recorded. [Operator Instructions] I will now turn the call over to your host for today, Matthijs van Leijenhorst, Head of Investor Relations. Please go ahead. Matthijs van Leijenhorst Head of IR Yes. 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 Farwerck; and our CFO, Hans Figee. Before we begin, please note the safe harbor statement on Page 2. 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 safe harbor. With that, let me hand over to our CEO, Joost Farwerck. Joost Farwerck Chairman of Management Board & CEO Yes. Thank you, Matthijs, and welcome, everyone. Let me start with the highlights of the 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