Highlights
• Group revenue was level with 1Q 2008:
• Nordic Business's revenue declined DKK 348m due to lower domestic landline
voice revenue, divestment and outsourcing of business activities (DKK (189)m)
as well as a negative currency impact (DKK (98)m). Adjusted for the impacts
from divestment, outsourcing and currency, Nordic Business's revenue declined
by approximately 1%
• Sunrise's revenue showed strong growth of DKK 340m due to favorable currency
impact (DKK 158m) and acquisition of Tele2 in November 2008 (DKK 120m), which
was counteracted by the divestment of SBC in July 2008 (DKK (89)m). Adjusted
for these impacts, Sunrise's revenue increased by approximately 4%
• Despite the challenging macro economic environment, Income before
depreciation, amortization and special items (EBITDA) rose by 11.0% compared
with 1Q 2008:
• Growth in Nordic Business's EBITDA was a result of successful cost reductions
• Growth in Sunrise's EBITDA related to the acquisition of Tele2, a favorable
currency impact and growth in the residential mobile business
• Net income from continuing operations, excluding special items, increased by
DKK 38m to DKK 785m in 1Q 2009, reflecting higher EBITDA
• Net income decreased by DKK 47m to DKK 645m in 1Q 2009, reflecting the
development in special items, income from joint ventures and associates, and
net financial expenses
• Strong cash flow from operating activities grew by 42.5% or DKK 838m compared
with 1Q 2008
• Net interest-bearing debt was down by DKK 6.0bn to DKK 36.3bn compared with
1Q 2008, driven by the divestment of Polkomtel in 4Q 2008
• Customer base growth of 3.5% compared with 1Q 2008
• Outlook for 2009 remains unchanged: Revenue and net income from continuing
operations excluding special items are expected to be level with 2008
• Changed organization to strengthen customer focus and integration of
technology platforms. The change also implies changed segment reporting
• Sales of the broadband-based multi-play products TDC HomeTrio and TDC
HomeDuo, launched in Janu-ary, exceeded expectations
• The acquisition of the broadband service provider Fullrate A/S was completed
in March 2009. Fullrate will be consolidated in 2Q 2009
• The accounting policies in relation to subscriber acquisition costs and
pensions were changed.
For inquiries regarding the report please contact TDC Investor Relations at +45
6663 7680.
TDC A/S
Teglholmsgade 1
0900 Copenhagen C
DK-Denmark
tdc.com
