Financial
- Revenue down by 5.2%; organic revenue decreased by 3.6% in line with the 2013 level
- Gross profit down by 2.5%, resulting in lowest organic gross profit decline in 3 years (DKK 77m)
- Timing of personnel-related savings fuelled higher than expected opex savings (5.3%)
- Almost flat EBITDA development (-0.3%) after 8 quarters with consecutive EBITDA decline; organic EBITDA growth of 0.9%
- Equity free cash flow as expected (DKK 381m); 20.3% YoY decline due to different timing of tax payments
- 2014 guidance after TDC Finland disposal: Organic revenue will decrease less than in 2013 (2013: -3.5%), EBITDA > DKK 9.6bn, Capex of DKK 3.7bn and DPS of DKK 3.70
Operational
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TDC A/S
Teglholmsgade 1
0900 Copenhagen C
DK-Denmark
tdc.com