Financial
| · Revenue down by 4.4% in Q3, which is an improvement on the H1 2013 development, with continued negative effects from regulation (accounting for approx. 50% of reported revenue decline) · Gross profit down by 3.3% in Q3 vs. -4.3% in H1 2013, positively influenced by our best mobility services performance for a couple of years · Opex savings of 5.8% resulted in EBITDA declining by only 1.4% in Q3; highest EBITDA margin ever (43.3%) · EFCF YoY growth of 14.3% · 2013 revenue guidance revised from DKK 25.0-25.5bn to DKK 24.5-25.0bn following a lower than expected revenue from low-margin areas (Nordic and handset sales) · Unchanged 2013 EBITDA, capex and DPS guidance, as higher than expected opex savings compensated for minor gross profit shortfall |
Operational
| · Small increases in business and residential mobile ARPUs vs. Q2 2013, positively affected by increased roaming · Strong intake in mobile subscribers in TDC brand, but residential mobile net adds down by 8k due to continued drain on low ARPU subscribers and one-off migration churn following M1/Fullrate integration · Continued strong TV net adds in the TDC brand (+5k vs. Q2) fuelled by HomeTrio Mobil intake · Loss of organised customers affected the YouSee brand Q3 net adds on TV (-4k) and broadband · Best Q3 number of fault-handling hours in more than four years driven by fewer faults · Increased recommend score (66) and customer satisfaction score (76) |
TDC A/S Teglholmsgade 3 0900 Copenhagen C DK-Denmark tdc.com
