TDC A/S
TDC : 2014 delivered as guided
TDC A/S 05.02.2015 08:00 Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Financial · TDC Group met the 2014 guidance on all parameters · Stable equity free cash flow (-2.7% vs. 2013) supports pay-out of remaining part of the guided dividend of DKK 2.50 per share · Flattish Q4 organic revenue development, supported by commercial management initiatives in Consumer and low margin terminal sales in Sweden; full year organic revenue developed better than 2013 (-2.5% vs. -3.5%) · FY organic opex savings of 3.4%; opex was up 2.3% in Q4 as 'run rate' opex savings was more than counterbalanced by consultancy fees related to strategic review and staff increase in call centres · Looking into 2015 EBITDA: Positive effect from Get acquisition, but stronger headwind expected in the Danish market following full year effect from loss of 153k residential mobile subscribers in 2014, intensified B2B price pressure across segments, reduced organic opex savings, as well as contraction in our Wholesale MVNO business · 2015 guidance: · Organic revenue development at the same level as 2014 (-2.5%) · EBITDA at the same level or slightly better than 2014 (DKK 9.8bn) · Capex of ~DKK 4.3bn · DPS of DKK 2.50 Operational · Continued net loss of retail mobile subscribers in Q4 (21k), as a disappointing loss of residential customers was only partly cushioned by growth in the Business public segment · The residential mobile ARPU remained stable YoY for the 7th consecutive quarter; Business mobile ARPU down 16% in Q4 YoY due to increased price pressure across segments and spill-over effects from the B2C mobile market · Get continued to follow plan, adding 3k TV customers and 6k broadband customers in Q4 · Continued high number of inbound calls in Q4; customer satisfaction (index 72) and recommend scores (index 64) down by 3 and 2 index points respectively versus 2013 levels · Successful completion of the upgrade of our Danish mobile network, resulting in a 4G coverage of 98%, up 5 percentage points vs. Q3 2014; countrywide rollout achieved in 11 months TDC A/S Teglholmsgade 1 0900 Copenhagen C DK-Denmark tdc.com News Source: NASDAQ OMX 05.02.2015 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 Phone: Fax: E-mail: Internet: ISIN: DK0010253335 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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