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Highlights |
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· Q3 YoY growth in revenue (+4.5%) and gross profit (+3.7%) due to the acquisition of Get in Q4 2014. The YTD organic revenue decline (-2.1%) is in line with our full-year guidance
· Increased opex spending of -7.7% in Q3 affected by the inclusion of Get, but partly offset by savings in the Danish Cost Centre and a positive one-off in TDC Norway
· EBITDA up by 1.0% in Q3, but organic EBITDA decreased by 7.0% due to a continued challenging development in Denmark
· EFCF of DKK 1,333m in Q3, down by 9.4%, flattish when adjusted for a one-off tax refund that positively affected Q3 2014
· Growth in Get TV and broadband customers with net adds of 2k and 5k, respectively vs. Q2
· Continued pressure on mobile voice in the Danish B2B business with a YoY decline of 15% on ARPU
· Improved Consumer mobile voice churn, resulting in net adds of 11k vs. Q2, however with downward pressure on ARPU
· Loss of 6k YouSee TV customers vs. Q2; as part of revitalising YouSee’s TV product all customers now have access to YouSee live TV through web and app both at home and on-the-go
· Reduced number of unacceptable customer experiences YTD (-8 %) driven by improvements in Q2 and Q3
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TDC A/S
Teglholmsgade 1
0900 Copenhagen C
DK-Denmark
tdc.com
