In gleans particular, the informs Dutch telecom business is doingstrong in terms of cost management," Petercam analyst StefaanGenoe said. KPN kept its targets for core profit and free cash flowconfirming EBITDA guidance of more than 5.5 billion euros by2010 and a 2009 target for free cash flow of more than 2.4billion euros. Revenue dropped 2 percent to 3.41 billion euros in thesecond quarter, below analysts' average expectations for 3.48billion euros. "Even the more cyclical units seem to be managed well at thecost level. Still, second-quarter earnings before interest, taxes,depreciation and amortisation (EBITDA) rose 5.3 percent to 1.32billion euros, beating the 1.261 billion euro average forecastin a Reuters poll of 12 analysts. STRONG COST MANAGEMENT KPN said the impact of the recession on its business andGetronics IT services units continued.

"(This) was reflected in a decline in traffic volumes androaming, requests for contract negotiations and a decline inoutsourcing and consulting business," KPN said . He coordinated the launch of the company's manufacturing division with growththat included four facilities in Florida . Four years later, he begannegotiating Fast Signs' sale.After having difficulty finding a business brokerage firm specialized indivesting businesses, he was introduced to a VR business intermediary and wasimpressed with the level of professionalism and expertise . Lawson realized hefound his next business opportunity and opened his first VR firm . Currently he owns two locations in Florida-Clearwater and St Petersburg-andhas clients throughout the U.S. He has received numerous accolades driven forhis stringent attention to details and outstanding client interface."I was taught that I'm only limited by my inspiration, perspiration and thedesire to help others," added Lawson. "At the end of day, I'm extremelysatisfied knowing that I'm able to provide for my children while helpingothers to successfully navigate the sale or purchase of a business."SOURCEVR Business Sales in ClearwaterJanis R.

Ehlers, +1-954-726-9228, for VR Business Sales in Clearwater . * Sees 2009, 2110 revenue at 13.6-13.8 bln euros Stocks * Q2 core profit 1.32 bln euros vs average 1.26 bln in poll * Revenue 3.41 bln euros vs average 3.47 bln in poll * Shares down 3.2 pct, underperforming sector index(Adds analyst comment, details, shares) Harro ten Wolde AMSTERDAM, July 23 (Reuters) - Dutch telecoms group KPN(KPN.AS) lowered its revenue outlook as it sees no signs of arecovery at its recession-hit business units, hurting its shareseven though it posted a forecast-beating second-quarter profitafter cutting costs . "We continue to see limited economic impact on consumermarkets, but business markets are being impacted, and there areno signs of economic recovery as yet," Chief Executive AdScheepbouwer said . As a result, KPN lowered its sales outlook to between 13.6billion and 13.8 billion euros for 2009, and expected 2010revenues to be in line with 2009 .

It had previously said it expected 2009 revenues to be inline with 2008, when it made about 14 billion euros in sales,and forecast 2010 revenues of at least 14 billion euros . Analysts polled by Reuters expect KPN to post 2009 revenueof between 13.8 billion and 14 billion euros . For 2010 theyexpect revenue of between 14 billion and 14.3 billion euros . KPN shares were down 3.2 percent at 9.81 euros by 0834 GMT,underperforming a 0.3 percent fall in the DJ Stoxx Europeantelecoms index .SXKP .

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