TDC reports declines in revenues, profit in Q1 2019

Danish telco TDC, the country’s leading operator in terms of subscribers, has published its financial results for the three months ended 31 March 2019, reporting a 0.6% decline in revenues year-on-year to DKK4.304 billion (USD642 million) from DKK4.329 billion in Q1 2019. Adjusted for the impact from acquisitions, organic revenue decreased by 1.4% due mainly to a decline in landline voice and TV revenues, which was partly offset by growth in mobility services. Meanwhile, EBITDA decreased by 3.9% in the period under review, from DKK1.767 billion to DKK1.698 billion, while gross profit totalled DKK3.094 billion (down 1.6% y-o-y). Profit for the period also decreased, to DKK228 million (down 64.5% y-o-y), while capital expenditures were up 17.8% y-o-y to DKK975 million, due to increased investments in TDC’s fibre rollout, a TV platform to support the new media strategy, and IT separation.