TDC : Interim Financial Report January-March 2016


Highlights
·    Strategy execution off to a good start: Launch of new YouSee TV           set top box, comprehensive migration of both B2B and B2C customers         in Denmark, and initial testing of gigabit speed broadband


·    Customer recommend score up by 3 index points to 66 in Q1 YoY,            driven by customer appreciation of our upgraded mobile network and            increased accessibility in customer service 


·    EBITDA declined by 10.0% in Q1; organic development (-8.1%) was in         line with recent quarters, reflecting decreases in Denmark (-13.1%) and       growth in Norway (18.6%) as well as Sweden (3.1%)


·    3.0% growth in EFCF as NWC growth (292m) from different timing of          net receivables offset the Danish EBITDA decline and the first yearly            coupon payments on hybrid capital (196m)


·    Best Consumer (DK) mobile performance in several years: Q1                  revenue up by 1.4% and gross profit down by only 0.9%; small increase        in mobile voice customer base vs. Q4 (2k)


·    Continued pressure on mobile voice in the Danish B2B division;                ARPU decline of 12.1% YoY


·    Strong B2C net adds performance of 3k and 6k in broadband by                Consumer (DK) and Get, respectively vs. Q4; launch of a 500-Mbps Get      broadband offering in Q1


·    Danish Consumer TV net adds of 19k vs. Q4 affected by Trefor                  customers (7k) 


·    Employee satisfaction in Denmark improved by 1 point to 78 in Q1            during a period with organisational changes and many new activities


·    2016 guidance reaffirmed on all parameters
 
 

        
 

 

         TDC A/S
         Teglholmsgade 1
         0900 Copenhagen C
         DK-Denmark
         tdc.com


Attachments

TDC_ER_Q1_2016 v9a (Final).pdf TDC Q1 16_final.pdf TDC Fact Sheet 2016Q1.xlsx