Skip to main content

TDC NET Holding: Interim Financial Report H1 2022

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

  • Revenue growth of 0.3% YoY, as increased revenue from mobility services and high-speed broadband more than outweighed lower revenue from legacy products
  • EBITDA growth of 1.8% YoY, driven by improvements in gross profit margin despite rising costs for, among others, power
  • Capital expenditures totalled DKK 1,454m, down by 4.0% YoY with continued high investments in fibre rollout and IT applications; 48k new homes were passed with fibre in H1 2022
  • Halfway through 2022, TDC NET confirms our full-year guidance with a flat revenue development, low single-digit EBITDA growth and an investment level similar to 2021
  • TDC NET entered a long-term secured infrastructure financing platform of EUR 3.3bn, partly replaced by EUR 500m in Sustainability Linked Notes. In addition, TDC NET obtained bilateral loans of EUR 100m
  • TDC NET introduced a Fibre Activation Programme to be launched 1 October 2022, to incentivise migration to fibre, and announced changed broadband prices across technologies with effect from 1 January 2023
  • During the Tour de France in Denmark, TDC NET applied future 5G technologies as part of the network was allocated to high-speed live TV transmissions while large crowds were using the network at the same time
  • It was announced that CEO Andreas Pfisterer will leave TDC NET. Focus on improving the performance of the company remains

Attachment

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.