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

Release 24-2013 TDC_ER_Q3_2013 - UK.pdf