Selskabsmeddelelse

TDC : Interim Financial Report January-June 2016

Highlights
 
Positive aspects in Q2:


·   Strong EBITDA growth in Norway (9.7% YoY) delivered by both Get          and TDC Norway


·   Recommend score up by 2 percentage points in Q2 YoY due mainly to       customer recognition of Denmark’s best mobile network


·   Brand merger of the two largest Danish consumer brands, TDC and         YouSee as of 1 July, including comprehensive IT migration, rebranding       of shops and alignment of mobile portfolios


·   Organic gross profit growth in mobility services in Denmark (0.4% YoY)      for the first time in more than five years; in Consumer, ARPU has              stabilised and churn rates improved significantly (9k net adds)


·   Divestment of TDC Sweden to Tele2; closing expected in Q4 2016


·   Updated guidance (post sale of TDC Sweden 21 June 2016)                      reaffirmed: EBITDA of DKK ~8.4bn, EFCF of DKK ~1.7bn and DPS of      DKK 1.00 per share

Negative aspects in Q2:


·   EBITDA decline of 11.5% YoY in Denmark: Business down 17.0% YoY     driven by continued ARPU pressure, partly affected by several negative     one-offs (DKK ~30m)


·   Limited opex savings (0.5% YoY), caused by strategic ramp-up of e.g.        IT employees and high volume of customer inquiries following the              brand merger


·   TV gross profit development in Denmark (-3.0%) negatively affected by     customers migrating to smaller TV packages and increased content           costs due to TV on-the-go
 

 

         TDC A/S
         Teglholmsgade 1
         0900 København C
         tdc.dk