Interim Financial Report January - September 2010


•	Revenue in the TDC Group increased by 0.2% compared with Q1-Q3 2009, despite
price pressure from competition and adverse effects from regulation. 

•	EBITDA increased by 2.4% compared with Q1-Q3 2009 and the EBITDA margin
improved from 40.2% in Q1-Q3 2009 to 41.1% in Q1-Q3 2010. 

•	8.8m Revenue Generating Units (RGUs) as of 30 September 2010, which is an
increase of 70,000 compared with 30 September 2009, driven by TV and mobile
broadband. 

•	In Q3 2010, copper line loss was 32,000, the lowest level since Q1 2008.

•	TDC maintained or improved its leading position in all segments of the
domestic market, particularly in mobile broadband and pay-TV. 

•	Successful divestment of Sunrise for a consideration of CHF 3.3bn on a cash
and debt free basis. Following the divestment of Sunrise, its activities are
classified as 'Discontinued operations'. 

•	2010 guidance confirmed: Revenue is expected to be level with 2009 and EBITDA
is expected to grow in the level of 2% compared with 2009. In addition
capex-to-revenue ratio for 2010 is expected to be in the level of 13.5%. 

•	2011 guidance: Revenue is expected to be level with 2010 and EBITDA is
expected to grow at a similar level as the guidance for 2010. In addition
capex-to-revenue ratio for 2011 is expected to be in the level of 13%. 

•	Strong operating free cash flow generation of DKK 4,810m (growth by 6.9%
compared with Q1-Q3 2009), reflecting increased EBITDA and lower investments in
property, plant and equipment. 


TDC A/S
Teglholmsgade 1-3
0900 Copenhagen C
DK-Denmark
tdc.com

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