TMCnet News
TDC : TDC expands business potential(OMX Via Acquire Media NewsEdge) Financial · Q3 revenue down by 4.8%; organic revenue decreased by 2.8%, which is an improvement compared with H1; the improvement was caused by broadband as well as price increases in landline voice and paper communication fees · Gross profit decline of 4.3% in Q3; YTD decline of 3.7% · Q3 EBITDA down by 3.1% as the gross profit decline was offset by a 6.1% opex saving; organic EBITDA down by 1.4% · Strong equity free cash flow growth of 9.5% in Q3, driven by expected timing effects from NWC and a positive one-off from a tax case concerning previous years; EFCF up by 11.9% YTD · Acquisition of Norwegian cable TV company Get completed as at 20 October 2014; purchase price of ~DKK 12.5bn; Get will be included in TDC’s figures from Q4 2014 · Strategic partnership with Trefor, a large Danish utility company, on access to the fibre network and managed service on operations · Updated 2014 guidance following closing of Get acquisition confirmed: Organic revenue will decrease less than in 2013 (2013: -3.5%), EBITDA > DKK 9.7bn, capex of ~DKK 3.8bn and DPS of DKK 2.50 Operational · Lower loss of residential mobile subscribers (-23k vs. Q2) than in previous quarters; residential ARPU stable YoY · Positive TV net adds in TDC brand/Fullrate (7k) offset by leakage from both individual and organised subscribers in YouSee (-8k) · Residential landline ARPU up by 6% vs. Q2 following price increases in the TDC brand as of July 1; net loss of landline customers level with the previous 3 quarters · Promising TDC Sweden pipeline and order book development, while TDC Norway (excl. Get) continued to face challenging market conditions and organic YoY EBITDA declines (-13m in Q3 YoY) · Mobile network roll-out finalised in Zealand and continued in the most populated part of Jutland; an international survey confirmed Denmark’s highest download speeds on TDC’s 4G mobile network · YoY reductions in FTE + temps across TDC Group (excl. Channels) of 4.6% more than outweighed by additional call centre staff (13.6%) to mitigate high call volumes TDC A/S Teglholmsgade 1 0900 Copenhagen C DK-Denmark tdc.com Copyright © 2014 OMX AB (publ). Copyright © 2014 OMX AB (publ) |