TDC Group Annual Report 2011(6,4MB) - TDC Annual Report 2011

Gross profit
YouSee’s gross profit increased by 7.4% compared with
2010, as a result of higher revenue and a higher gross
profit margin. The gross profit margin increase was a result
of the ARPU increase exceeding the rise in programme
expenses and was only partly offset by increased costs
regarding capacity enlargement and costs related to
increased internet usage.
EBITDA
EBITDA increased by 12.4% and was positively affected by
YouSee’s ability to contain external expenses in spite of
organic growth.
Savings were achieved primarily through an increased cost
focus on all cost lines throughout YouSee. Contractor costs
in particular were lower due to reductions in faults and the
number of faults corrected in-house through increased
efficiency. Furthermore, marketing costs were restrained.
TDC Group Annual Report 2011
Financial highlights
YouSee
DKKm
2011 2010 Change in %
Revenue 4,259 4,012 6.2
YouSee Clear 2,829 2,646 6.9
YouSee Plus 205 186 10.2
Internet services 846 817 3.5
Landline telephony 97 98 (1.0)
Other¹
Transmission costs and
282 265 6.4
cost of goods sold (1,728) (1,655) (4.4)
Gross profit 2,531 2,357 7.4
External expenses
Wages, salaries and
(459) (467) 1.7
pension costs
Other income and
(554) (538) (3.0)
expenses
EBITDA before pension
3 1 -
income 1,521 1,353 12.4
Pension income - - -
EBITDA 1,521 1,353 12.4
Gross profit margin % 59.4 58.7 -
EBITDA margin % 35.7 33.7 -
Organic revenue² DKKm 4,259 4,003 6.4
Organic EBITDA² DKKm 1,521 1,358 12.0
¹ Includes installation fees and TDC TV.
² Reported revenue and EBITDA excluding impact from acquisitions and divestments.
Selected operational data
YouSee
31 Dec.
2011
31 Dec.
2010 Change in %
RGU base ('000)
TV 1,335 1,336 (0.1)
- YouSee Clear 1,179 1,176 0.3
- YouSee Plus 3 156 160 (2.5)
Internet 413 403 2.5
Landline 81 76 6.6
Mobile broadband 3 3 -
RGU base, total 1,832 1,818 0.8
ARPU DKK / month
Landline internet 173 169 2.4
TV, total 214 202 5.9
YouSee Clear 200 188 6.4
YouSee Plus 103 105 (1.9)
Total ARPU 281 268 4.9
Other KPIs
Homes passed ('000) 1,489 1,454 2.4
Penetration % 79 81 -
RGU per subscriber # 1.55 1.54 -
FTEs
Number of FTEs (EoY) 1,218 1,231 (1.1)
Average number of FTEs 1,235 1,245 (0.8)
³ Digital add-on product.
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