Highlights
Positive aspects in Q2:
· Strong EBITDA growth in Norway (9.7% YoY) delivered by both Get and
TDC Norway
· Recommend score up by 2 percentage points in Q2 YoY due mainly to
customer recognition of Denmark’s best mobile network
· Brand merger of the two largest Danish consumer brands, TDC and
YouSee as of 1 July, including comprehensive IT migration, rebranding of
shops and alignment of mobile portfolios
· Organic gross profit growth in mobility services in Denmark (0.4% YoY)
for the first time in more than five years; in Consumer, ARPU has
stabilised and churn rates improved significantly (9k net adds)
· Divestment of TDC Sweden to Tele2; closing expected in Q4 2016
· Updated guidance (post sale of TDC Sweden 21 June 2016)
reaffirmed: EBITDA of DKK ~8.4bn, EFCF of DKK ~1.7bn and DPS of DKK 1.00
per share
Negative aspects in Q2:
· EBITDA decline of 11.5% YoY in Denmark: Business down 17.0% YoY driven
by continued ARPU pressure, partly affected by several negative one-offs
(DKK ~30m)
· Limited opex savings (0.5% YoY), caused by strategic ramp-up of e.g.
IT employees and high volume of customer inquiries following the
brand merger
· TV gross profit development in Denmark (-3.0%) negatively affected by
customers migrating to smaller TV packages and increased content
costs due to TV on-the-go



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

TDC Q2 CC_Final.pdf