Skip to main content

TDC: Interim Financial Report Q4 2020

Written by Customer Service on . Posted in Public Companies.

Financial performance in 2020 was in line with previously communicated guidance; a flat to slight decline in EBITDA (actuals -1.6%), capex of DKK 5.5-5.9bn (actuals DKK 5.5bn). Net debt-to-EBITDA ratio was 3.7x, excluding IRFS 16, which is lower than guided (4.1x).Improved or stable commercial performance across all main products in TDC Group as well as continued cost savings resulted in a stabilised EBITDA development in Q4 (+0.4% YoY).TDC Group’s operating expenses improved by 8.7% YoY in Q4, driven by cost reductions across TDC Group, primarily in Nuuday (20.1%).Nuuday’s customer base trend in Q4 improved or remained stable compared with previous quarters, and as a result the market share development stabilisedMobile RGU base improved significantly in Q4 with positive net adds in both Consumer and Business.Improved customer trend in I&N from increased fibre connections.TV customer base trend remained stable during the quarter.Nuuday signed three deals in Q4 to get access to fibre network with Norlys, EnergiFyn and Nord Energi. These deals establish Nuuday’s position as the leading provider of high-speed connections nationwideCapex decreased by 3.0% YoY at TDC NET in Q4, driven by efficiency improvements as we had our most productive fibre rollout quarter with more than 42k homes passed in Q4, bringing the total in 2020 to 123k. Q4 also saw the end of the YoY effect of the fibre rollout and 5G. Strong performance in TDC NET on high-speed broadband (fibre and cable) net adds in Q4 and 2020, in line with our strategyTDC NET completed the 5G-swap, by swapping over 3800 mobile sites to 5G while simultaneously improving the existing network quality. As a result, Denmark is the first Nordic country to achieve nationwide 5G coverage.2021 guidance assumes slightly below to flat EBITDAConference call detailsA conference call will be held on 05 February 2021 at 14:30 CET.Presentation material will be available prior to the conference call on www.tdcgroup.comDial-in details: +45 32 72 51 67 – Meeting ID: 837 768 51#Webcast: https://teams.microsoft.com/dl/launcher/launcher.html?url=%2F_%23%2Fl%2Fmeetup-join%2F19%3Ameeting_MTA3ZTU0ZDMtMmQ5Yy00ZWI2LThiMzctN2FmOTdjNTliODJh%40thread.v2%2F0%3Fcontext%3D%257b%2522Tid%2522%253a%2522e8dcf6e6-3acc-4af9-9cb2-77f688cb688b%2522%252c%2522Oid%2522%253a%2522e3bc77b8-3126-4e3f-b136-3297ef0a91d3%2522%257d%26anon%3Dtrue&type=meetup-join&deeplinkId=a90469af-4103-45ba-834a-e45d8d7e99de&directDl=true&msLaunch=true&enableMobilePage=true&suppressPrompt=trueFor investor enquiries: +45 66 63 76 80
For media enquiries: +45 70 20 35 10This notification is made by Klaus Rose, Treasury Analyst at TDC A/S. TDC tickersReuters TDC.CO.
Bloomberg TDC DC.AttachmentsRelease 1 -2020 Q4TDC ER_Q4_2020TDC Q4 20 – Financial Presentation

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.