TDC A/S
TDC : Challenging Danish market – growth in Norway and Sweden
DGAP-News: TDC A/S 2015-05-07 / 08:00 --------------------------------------------------------------------- Financial highlights -- Growth in revenue (+7%) and gross profit (+4%) due to the acquisition of Get in Q4 2014; flattish YoY organic revenue (-0.7%), which is an improvement vs. 2014 levels, but organic gross profit decreased by 4.2% following a drain in mobile and landline voice in Denmark -- Opex development affected by the inclusion of Get and increased staffing in call centres to mitigate high call volumes and secure sales ambitions; adjusted for this, opex savings were 2% in Q1 -- Reported EBITDA up 0.9% YoY; despite a strong growth in Get of 10%, organic EBITDA decreased7.3% due to a historically weak development in Denmark (-9%) -- Increased exposure towards cable: 35% of Q1 EBITDA stemmed from cable due to inclusion of Get and YoY growth in YouSee, up by 14 ppt vs. Q1 2014 -- EFCF of DKK 302m, down 17.5% due to increased capex and different timing of tax payments -- 2015 guidance confirmed -- Get financing completed as bridge facility has been repaid through hybrid and senior bond issue locking in favourable financing rates Operational highlights -- TDC's superior mobile network covers 99.5% of Denmark with 3G/4G, delivering a 74% overall flawless experience vs. Danish peers' level of 38-43% -- Improved Consumer mobile voice development with net loss of 4k in Q1 (compared with FY 2014 net loss of 111k) driven by cross sales to existing broadband and TV customers across brands -- Substantial ARPU decrease (-15% YoY) in Business mobile voice following price pressure across customer segments -- YouSee TV ARPU up 6% from Q4, but net loss of 27k YouSee TV customers due to termination of a low ARPU antenna association (-14k) and leakage from both individual customers and antenna associations -- Strong broadband performance in Get with both subscriber and ARPU growth (9% and 3% YoY, respectively) -- Recommend score deteriorated by 2 index points YoY to 63, but underlying KPIs show early signs of improvement TDC A/S Teglholmsgade 1 0900 Copenhagen C DK-Denmark tdc.com News Source: NASDAQ OMX --------------------------------------------------------------------- 2015-05-07 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: TDC A/S Denmark ISIN: DK0010253335 End of News DGAP News-Service --------------------------------------------------------------------- 354281 2015-05-07
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