TDC continues with job cuts; predicts a profitable 2005

24 Feb 2005

Denmark’s dominant wireline provider TDC said yesterday that it will continue its ongoing cost-cutting programme and plans to cull 630 employees this year. The announcement follows the release of its financial figures for 2004, revealing a net profit of DKK8.7 billion (EUR1.2 billion) for the year, compared to DKK1.7 billion (EUR228.5 million) in 2003. Revenues for the year were up 5.2% to DKK43.5 billion (EUR5.8 billion). The company said that the annual results exceeded its own estimates, and that it expects to remain profitable throughout 2005.

Denmark, TDC (incl. Nuuday, TDC Net), TDC Group (old)