· Revenue up 0.3% in 2010 vs. 2009.
· EBITDA up 2.2% in 2010 vs. 2009.
· Strong Equity Free Cash Flow generation of DKK 4.5bn, up 2.0% despite significantly higher tax payments in 2010.
· A Net debt to EBITDA of 2.1x.
· Leading market position maintained, capitalizing on TDC's strong brand portfolio, despite intense competition in the Danish market – especially in mobile.
· 2010 guidance met on all targets.
· 2011 guidance confirmed:
o Revenue is expected to remain level with 2010
o EBITDA is expected to grow approximately 2% compared with 2010
o Capex-to-revenue ratio is expected to be approximately 13%.
· Expected 2011 dividend: DKK 4.35, of which DKK 2.18 to be distributed in August 2011.
TDC A/S
Teglholmsgade 3
0900 Copenhagen C
DK-Denmark
tdc.com
