TDC Group Annual Report 2011(6,4MB) - TDC Annual Report 2011
TDC Group Annual Report 2011(6,4MB) - TDC Annual Report 2011
TDC Group Annual Report 2011(6,4MB) - TDC Annual Report 2011
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Gross profit<br />
The gross profit growth in Nordic was slightly higher than<br />
the revenue increase, amounting to 10.1%.<br />
The gross margin increased as a result of savings due to<br />
increased operational efficiency. In <strong>2011</strong>, <strong>TDC</strong> Norway<br />
initiated a technology change from ATM-based transport to<br />
Ethernet-based transport on DSL bitstream access which<br />
has optimised its infrastructure and led to reduced<br />
transmission costs. <strong>TDC</strong> Finland also reduced its direct<br />
cost/revenue-ratio through infrastructure optimisation. On<br />
the other hand, the gross margin was challenged by a shift<br />
in product mix towards an increasing share of low margin<br />
products such as resale in landline (TAB) and sale of CPE<br />
equipment.<br />
EBITDA<br />
Excluding the foreign exchange-rate effect and effects from<br />
divestments and acquisitions, Nordic’s EBITDA grew by<br />
7.9%.<br />
The EBITDA growth resulted from the strong gross profit<br />
growth in combination with a continued focus on optimising<br />
the underlying cost structure within Nordic.<br />
<strong>TDC</strong> <strong>Group</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong><br />
Financial highlights<br />
Nordic <strong>2011</strong> 2010 Change in %<br />
DKKm<br />
Revenue 4,487 4,087 9.8<br />
<strong>TDC</strong> Sweden 2,422 2,086 16.1<br />
<strong>TDC</strong> Norway 1,034 1,044 (1.0)<br />
<strong>TDC</strong> Finland 754 727 3.7<br />
<strong>TDC</strong> Hosting<br />
Other, incl.<br />
415 355 16.9<br />
eliminations (138) (125) (10.4)<br />
Landline telephony 1,007 984 2.3<br />
Mobility services 277 190 45.8<br />
Internet and network<br />
Terminal equipment,<br />
1,647 1,523 8.1<br />
etc. 1,264 1,086 16.4<br />
Other¹<br />
Transmission costs and<br />
292 304 (3.9)<br />
cost of goods sold (2,622) (2,393) (9.6)<br />
Gross profit 1,865 1,694 10.1<br />
External expenses<br />
Wages, salaries and<br />
(324) (282) (14.9)<br />
pension costs<br />
Other income and<br />
(906) (852) (6.3)<br />
expenses<br />
EBITDA before pension<br />
13 4 -<br />
income 648 564 14.9<br />
Pension income 1 - -<br />
EBITDA 649 564 15.1<br />
Gross profit margin % 41.6 41.4 -<br />
EBITDA margin % 14.5 13.8 -<br />
Organic revenue² DKKm 4,487 4,268 5.1<br />
Organic EBITDA² DKKm 643 596 7.9<br />
¹ Includes operator services, etc.<br />
² <strong>Report</strong>ed revenue and EBITDA excluding impact from currency effects, acquisitions<br />
and divestments and sale of property, plant and equipment.<br />
Selected operational data<br />
Nordic<br />
31 Dec.<br />
<strong>2011</strong><br />
31 Dec.<br />
2010 Change in %<br />
RGU base ('000)<br />
Landline 91 80 13.8<br />
Mobile 86 67 28.4<br />
Internet 87 83 4.8<br />
RGU base, total 264 230 14.8<br />
ARPU DKK / month<br />
Mobile voice 299 279 7.2<br />
FTEs<br />
Number of FTEs (EoY) 1,472 1,388 6.1<br />
Average number of FTEs 1,430 1,412 1.3<br />
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