Permira

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mag 10 2010

TDC announces strong Q1 2010 results

Key highlights:

  • Revenue increased in Nordic Business and Sunrise. Revenue in Nordic Business increased by 0.8% compared with 1Q 2009, following a positive trend throughout 2009. In Sunrise, revenue increased by 4.5%, driven by significant customer base growth.
  • Strong EBITDA growth and improved EBITDA margin in both Nordic Business and Sunrise.
  • 2010 guidance confirmed. 
  • Strong operating free cash flow generation in Nordic Business diluted by adverse working capital movements in Sunrise.
  • Decrease in net income from continuing operations explained by currency translation adjustments as well as increase in depreciations and amortization. 
  • Business combination of Sunrise and Orange Switzerland rejected by the Swiss Competition Commission.
  • Continued customer growth across segments and brands.

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