TDC: TDC upgrades its guidance on 2016 equity free cash flow to DKK ~ 2,100m.
Based on preliminary reporting, TDC upgrades its guidance on 2016 equity free cash flow (EFCF) from EFCF > DKK 1,700m to EFCF ~ DKK 2,100m. The better result is primarily driven by different timing of changes in net working capital.
At the Q3 2016 results announcement, TDC's EFCF guidance was improved from EFCF ~ DKK 1,700m to EFCF > DKK 1,700m.
As earlier announced, TDC's financial statement 2016 will be disclosed on 3 February 2017.
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