GlobeNewswire

TDC: Interim Financial Report Q3 2019

Share

Highlights

  • Reported revenue declined by 2.8% in Q3 and organic revenue declined by 2.4% YTD. This decline was mainly driven by terminal sales, legacy drag from landline voice and continued pressure on TV
  • Reported EBITDA declined by 0.1%, and when adjusted for new lease accounting principles (IFRS 16) EBITDA decreased by 6.4%. This decline was driven primarily by costs related to the separation of TDC as well as investments in the new strategy. Organic1 EBITDA declined by 3.6% in Q3 and 3.0% YTD in line with our expectations
  • Mobility services showed a continued solid performance in Q3 with YoY organic gross profit growth of 2.8% driven by higher ARPU in Consumer as well as Business’ increased customer base YoY
  • TV gross profit decline of 12.8% in Q3 YoY driven by lower GP margin due to inclusion of SVoD services in TV packages, higher content supplier costs and build-up of own content. Loss of 19k Consumer TV customers vs Q2 2019. In Q3, Nuuday entered three new strategic TV partnerships (with TV2, Nordisk film & C More), constituting a significant investment in our flexible TV and streaming products of the future, which will secure flexibility and high-quality content. The Discovery contract will terminate as of 1 January 2020, as an agreement was not reached to include the Discovery channels in our TV offering
  • Internet & Network delivered YoY organic gross profit growth of 0.6% in Q3 driven by a value lift in Consumer ARPU partly offset by fewer customers
  • Responsibility for managed service of our mobile network has now been successfully transferred to Ericsson, and the network is being prepared for 5G. Capex increased by 35% in Q3 YoY, driven by investments in TDC’s mobile and fibre networks
  • TDC NetCo’s fibre rollout is continuing to accelerate, with ~15k homes passed in Q3
  • The separation of TDC is progressing as planned, with full operational intercompany charging being implemented between all subsidiaries and ~90% of all employees moved to either Nuuday or NetCo
  • Allison Kirkby has stepped down as President and Group CEO of TDC with immediate effect after accepting the position as President and CEO of Sweden’s Telia Company AB
  • The Board of Directors of TDC Group has appointed Michael Moyell Juul as CEO of Nuuday. He will take over the position from Jaap Postma, who has decided to relocate to the Netherlands

Conference call details

A conference call will be held on 14 November 2019 at 14:30 CET.

Presentation material will be available prior to the conference call on www.tdcgroup.com

Dial-in details can be found at:
http://event.onlineseminarsolutions.com/r.htm?e=2110937&s=1&k=77920B8BAF414E371DFF5E12095F92DD
Webcast: https://edge.media-server.com/mmc/p/4qfn2t49

For investor enquiries: +45 66 63 76 80
For media enquiries: +45 70 20 35 10

Attachments

About GlobeNewswire

GlobeNewswire
GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://globenewswire.com

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire

Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire

Aducanumab is good; next generation Alzheimer’s disease therapies will be better5.12.2019 18:50:00 CETPress release

New data for aducanumab strengthens potential for Alzheimer’s therapy in near term, fuels next-generation therapies with more selective binding for toxic species of amyloid beta TORONTO and CAMBRIDGE, Mass., Dec. 05, 2019 (GLOBE NEWSWIRE) -- ProMIS Neurosciences, Inc. (TSX: PMN) (OTCQB: ARFXF), a biotechnology company focused on the discovery and development of antibody therapeutics targeting toxic oligomers implicated in the development of neurodegenerative diseases, commends Biogen for its trailblazing efforts to advance aducanumab. Data released today at CTAD (Clinical Trials on Alzheimer’s Disease conference) strengthen aducanumab’s potential to become the first disease-modifying therapy for Alzheimer’s disease. The data clearly underscore the need for next-generation drug candidates that offer more precise binding to the misfolded beta amyloid oligomer (AßO), the toxic species of the amyloid beta protein and root cause of Alzheimer’s disease. “Today’s presentation reflects yet ano

Olainfarm invites to Third Quarter 2019 Investor Conference Webinar5.12.2019 18:17:00 CETPress release

JSC Olainfarm invites shareholders, investors, mass media representatives and other stakeholders to join its investor conference webinar scheduled on December 11, 2019 at 16:00 (EET). To join the webinar please follow the instructions below. Webinar will be hosted by the Chairman of Management Board Jeroen Weites and Investor Relations Advisor Janis Dubrovskis. The presentation will be held in English. During the webinar JSC Olainfarm representatives will inform about the recent performance of the company and financial results of third quarter and 9 months of 2019. After the presentation investors are welcome to ask questions. Due to the limited webinar time please send in your questions in advance to e-mail: ieva.unda@nasdaq.com. What is a webinar? Webinar is a virtual conference, during which company’s representative gives information about the company, its activities and future plans. Webinar allows interactive communication and provides an opportunity to ask questions and get answe

Rockridge Receives Exploration Permit for its Raney Gold Project; Planning Drilling Program in Early 20205.12.2019 14:00:00 CETPress release

VANCOUVER, British Columbia, Dec. 05, 2019 (GLOBE NEWSWIRE) -- Rockridge Resources Ltd. (TSX-V: ROCK) (“Rockridge” or the “Company”) is pleased to announce that it has received an Exploration Permit for its Raney Gold Project located in Ontario, Canada (the “Raney Gold Project” or “Property”). The permit provides for exploration activities including geophysical surveys and diamond drilling to be conducted over a 3-year period. Highlights: Rockridge option to earn a 100% interest in the Raney Gold Project Prospective gold property located ~110 km south west of the prolific gold district of Timmins, ON Limited historical exploration campaigns conducted on the Property; the last exploration activities occurred ~10 years ago when gold prices were in the US$900/oz. range Follow-up on historical drill results, best intercept returned ~6.5 g/t gold over 8m, open for expansion Planning initial ~2,500 metre drilling program in February – April 2020; potential to discover additional gold bearing

Svensk Hypotekspension Fond 3 AB (publ) – Early redemption of notes5.12.2019 12:00:00 CETPress release

Press release 5 December 2019 Svensk Hypotekspension Fond 3 AB (publ) – Early redemption of notes Svensk Hypotekspension Fond 3 AB (publ) (the “Issuer”) informs that it intends to voluntarily redeem the SEK 2,000,000,000 Mortgage Backed Fixed Rate Notes with ISIN SE0007691621 (the “Notes”) before the first call date in accordance with the terms and conditions originally dated 6 February 2016 and as amended and restated 27 November 2019 (the “Terms and Conditions”). All outstanding Notes will be redeemed in full at their nominal amount, together with accrued but unpaid interest and an early call premium. The redemption date is expected to be 17 December 2019 (the “Redemption Date”). A notice of early redemption will today be circulated to the holders of the Notes and will be published on the website of the Issuer. The notice will be irrevocable but conditional upon the Issuer’s receipt of satisfactory evidence that the Issuer’s affiliate Svensk Hypotekspension Fond 4 AB (publ)’s notes w

Svensk Hypotekspension Fond 3 AB (publ) – Tidig inlösen av obligation5.12.2019 12:00:00 CETPressemelding

Pressmeddelande den 5 december 2019 Svensk Hypotekspension Fond 3 AB (publ) – Tidig inlösen av obligation Svensk Hypotekspension Fond 3 AB (publ) (”Emittenten”) informerar att de avser att frivilligt lösa in de SEK 2 000 000 000 bolånesäkrade fastränteobligationerna med ISIN SE0007691621 (”Obligationerna”) före den första inlösendagen i enlighet med obligationsvillkoren, ursprungligen daterade den 6 februari 2016 och såsom ändrade och reviderade den 27 november 2019 (”Villkoren”). Samtliga utestående Obligationer kommer att lösas in till sitt nominella belopp, tillsammans med upplupen men obetald ränta och en premie för tidigt inlösen. Inlösendagen förväntas vara den 17 december 2019 (”Inlösendagen”). Ett meddelande om tidig inlösen kommer idag att cirkuleras till innehavare av Obligationerna och meddelandet kommer att publiceras på Emittentens hemsida. Meddelandet kommer att vara oåterkalleligt men villkorat av att Emittenten har tagit emot tillfredsställande bevis över att Emittenten