TDC A/S provides communications and entertainment solutions primarily to residential and business markets in Denmark and the other Nordic countries. The company offers fixed and mobile telephony, fixed and mobile broadband, Internet protocol (IP)-TV, system integration, premium TV, high speed broadband, and voice over Internet protocol telephony services. It also provides mobile voice, mobile data, unified communications solutions, IP network, and information technology (IT) security services; and landline telephony, landline broadband, mobility services, pay-TV, and multiplay services. In addition, the company offers antenna facilities servicing, program delivery, administration, and custom...
TDC Announces Appointment of Directors
Dec 5 13
TDC has appointed Rasmus Busk as commercial director of MVNO Telmore from January 01, 2014 and Lars Asger Petersen as director of its budget brand Fullrate from February 01, 2014. Petersen replaces Peter Maegbaek Madsen, who stepped down in September 2013. Busk has most recently been COO and partner at Danish e-book provider Mofibo Books and departmental director at TDC. Petersen will join Fullrate from his role as COO at Computerworld AS. He has also worked in mobile telephony at Telenor, Bibob and CBB.
TDC A/S Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013; Announces Impairment Loss for the Third Quarter of 2013; Revises Earnings Guidance for the Fiscal 2013
Nov 1 13
TDC A/S announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported revenue was DKK 6,069 million against DKK 6,348 million a year ago. EBITDA was DKK 2,628 million against DKK 2,666 million a year ago. Operating profit excluding special items was DKK 1,359 million against DKK 1,431 million a year ago. EBIT was DKK 998 million against DKK 1,334 million a year ago. Profit was DKK 600 million against DKK 1,134 million a year ago. Earnings per diluted share were DKK 0.75 against DKK 1.42 a year ago. Adjusted EPS was DKK 1.35 against DKK 1.64 a year ago. Total cash out flow from operating activities was DKK 2,192 million against DKK 2,101 million a year ago. Profit before income taxes was DKK 783 million against DKK 1,025 million a year ago. Investment in property, plant and equipment was DKK 601 million against DKK 583 million a year ago. Investment in intangible assets was DKK 220 million against DKK 316 million a year ago. Capital expenditure was DKK 764 million against DKK 798 million a year ago. Net interest-bearing debt totalled DKK 22,195 million at the end of third quarter of 2013.
For the nine months, the company reported revenue was DKK 18,456 million against DKK 19,568 million a year ago. EBITDA was DKK 7,602 million against DKK 7,747 million a year ago. Operating profit excluding special items was DKK 3,895 million against DKK 4,053 million a year ago. EBIT was DKK 3,118 million against DKK 3,488 million a year ago. Profit was DKK 2,333 million against DKK 3,120 million a year ago. Earnings per diluted share were DKK 2.91 against DKK 3.88 a year ago. Adjusted EPS was DKK 4.02 against DKK 4.18 a year ago. Total cash out flow from operating activities was DKK 5,290 million against DKK 4,979 million a year ago. Profit before income taxes was DKK 2,535 million against DKK 3,540 million a year ago. Investment in property, plant and equipment was DKK 1,974 million against DKK 1,933 million a year ago. Investment in intangible assets was DKK 629 million against DKK 759 million a year ago. Capital expenditure was DKK 2,516 million against DKK 2,581 million a year ago.
For the third quarter, the company reported impairment losses of DKK 42 million against DKK 1 million a year ago.
The company revised earnings guidance for the fiscal 2013. For the period, the company’s revenue is expected to be DKK 24.5 to 25.0 billion compared to previously expected revenue of DKK 25.0 to 25.5 billion, EBITDA expected to be DKK 10.0-10.2 billion, capital expenditure expected to be DKK 3.7 billion and DPS expected to be 3.70.
TDC A/S Announces Dividend Guidance
Nov 1 13
TDC A/S announced the expected dividend per share of DKK 3.70 is in accordance with dividend policy of paying out approximately 90% of equity free cash flow (post cash flow from special items, etc.).