TDC reports solid performance for 2011

Despite a fiercely competitive Danish telecommunications market, TDC delivered solid results in 2011. TDC’s total revenue grew by DKK 137m or 0.5% to DKK 26.3bn, EBITDA rose by 1.6% to DKK 10.9bn and the Group's Equity Free Cash Flow (EFCF) increased by 1.7%.

"We are proving our flexibility and ability to deliver under trying circumstances. With such a satisfactory performance, we can pay dividends of DKK 4.35 per share for 2011 as promised," says Henrik Poulsen, TDC’s President and CEO.

In the mobile sector, the Group gained 287,000 more mobile subscribers in 2011. The outflow of residential customers from TDC's traditional landline telephony reached its lowest level in the past five years while the net influx of broadband customers in TDC's overall retail business was higher than at any time over the past three years.

With an EBITDA margin of 41.6% in 2011, TDC has reached a European high, and its average annual shareholder return of 11.2% since 2006 is far above the European Telco Benchmark TSR of 3.8%. Employee and customer satisfaction have also improved significantly since 2008.In 2012, TDC expects revenue of DKK 26.0bn-DKK 26.5bn, EBITDA before pension income within the range of DKK 10.3-DKK 10.5bn, and to generate cash flows that support a targeted dividend per share of DKK 4.50. 

Read more on tdc.com/ir