TDC : Interim Financial Report January-September 2016
Highlights
EBITDA decline of 11.6% YoY driven by the development in Denmark (-13.1% YoY)
Strong EBITDA growth in Norway (10.8% YoY) adjusted for a large one-off in Q3 2015
YTD EFCF down by 728m or 30.4% driven by EBITDA decline of 760m
Organic gross profit from mobility services up by 2.9% YoY; retail mobile voice subscribers up
by 6k vs. Q2, and B2C mobile voice ARPU at 2015 level despite decrease in roaming
revenues
Opex in Denmark increased 6.9% YoY due to different phasing with a low comparable in Q3
2015; YTD Group opex up by 1.6% due to strategic investments (TDC and YouSee brand
merger and B2B simplification) and increased staff at call centres
Loss of 9k broadband customers vs. Q2 in Consumer and Business due to pressure from
competing infrastructure
Following the brand merger of TDC and YouSee and related IT migrations in Q2 2016,
support calls have increased leading to more negative customer experiences; however
recommend score was up 1 index point YoY
Spectrum acquired in the 1800 MHz auction at a lower cost than expected, ensuring continued
ability to provide 'Denmark's best mobile network'
Launch of Get mobile, providing full-scale B2C solutions in Norway
Divestment of TDC Sweden to Tele2 completed for DKK 2.3bn on a cash and debt free basis
TDC A/S
Teglholmsgade 1
0900 Copenhagen C
DK-Denmark
tdc.com
Vedhæftede filer:
TDC_ER_Q3_2016 v10a (final).pdf