Video services

TDC Reports Q3

COPENHAGEN -- TDC's revenue totaled DKK 12.0bn in the third quarter of 2006, corresponding to an increase of 1.4 percent relative to the third quarter of 2005. Earnings before depreciation and amortization etc. (EBITDA) increased by 4.4 percent to DKK 3.5bn. Thus, retiring President and CEO Henning Dyremose finishes off by presenting the best quarterly financial statements from TDC ever, measured by EBITDA.

All of TDC's operating companies have experienced growth in earnings, and continued stringent cost control has been obtained. In Denmark and Switzerland, TDC has attracted more broadband and mobile customers, and the influx of new customers continues in the international mobile companies, such as Talkline and Bité, and in TDC Cable TV. TDC now has 15.9 million customers, which is 1.2 million more than at the same time last year.

"The financial statements which we present today are satisfactory. On a highly competitive market, TDC attracts many new customers every day and, at the same time, we maintain strict cost control. Therefore, it is a financially healthy TDC which I can now pass on to my successor," Henning Dyremose says.

The expectations for the 2006 revenue are adjusted downward by DKK 700m, but, at the same time, the expectations for the gross profit ratio are adjusted upward due to cost reductions and, therefore, the expectations for EBITDA and net income for the year are maintained.

TDC A/S (Copenhagen: TDC)

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