TDC posts 57.3% growth in net profit in 2Q13

7 Aug 2013

Danish dominant network provider TDC has posted its financial results for the second quarter of 2013 ended 30 June, reporting a 6.5% drop year-on-year in revenue to DKK6.146 billion (USD1.097 billion) from DKK6.576 billion, in line with expectations. The group attributed the negative results to regulation of international roaming, and domestic mobile termination rates (MTRs) in particular, slashed in 2012 by nearly 73%; the regulatory pressures translated into loss of DKK388 million in revenues, according to TDC. Gross profit also declined by 3.3% to DKK4.491 billion, while net profit increased to DKK1.054 billion, a 57.3% improvement on the DKK670 million reported in 2Q12. The company also limited its year-on-year EBITDA decline to 1.4%, from DKK2.513 billion to DKK2.479 billion in Q2 2013, by generating savings of DKK323 million. TDC stated that regulatory pressure and increased investment contributed to the change in EBITDA.

According to TeleGeography’s GlobalComms Database, in addition to its Danish full-service telecoms operations, TDC operates in the wholesale and business services markets in neighbouring countries including Norway and Finland.

Denmark, TDC (YouSee), TDC Group (old), TDC Nordic (Finland)