Financial Statements January-June 2010
EBITDA growth in H1 2010 driven by gross profit and efficiency improvements
- Revenue in the TDC Group increased by 2.2% in H1 2010. Revenue in Nordic Business increased by 0.6%. In Sunrise, revenue increased by 6.5%, driven by a positive currency impact and customer base growth. In local currency, revenue in Sunrise grew by 2.2%.
- Improved revenue trend in Nordic Business realised in all quarters of 2009 continued in both Q1
and Q2 2010: positive growth was achieved despite price pressure from competition and adverse effects from regulation. - EBITDA in Nordic Business increased by 3.2% and the EBITDA margin improved from 39.2% in H12009 to 40.2% in H1 2010. Sunrise's EBITDA increased by 20.0% in H1 2010. In local currency, Sunrise's EBITDA increased by 14.9%. Sunrise's EBITDA margin improved from 24.7% in H1 2009 to 27.9% in H1 2010.
- Customer growth compared with H1 2009 was driven by TV and mobility services.
- TDC maintained or extended its leading position in all segments of the domestic market.
- 2010 guidance confirmed
- Strong operating free cash
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