TDC A/S: TDC: Interim Financial Report Q1 2021
Improved or stable commercial performance across all main products in TDC Group as well as continued cost savings resulted in a small decline in EBITDA in Q1 (-1.8% YoY)
TDC Group's operating expenses improved by 11.5% YoY in Q1, driven by cost reductions across TDC Group, primarily in Nuuday (13.7%)
Capex decreased by 27.6% YoY, driven by reduced costs following the completion of last year's mobile network 5G-swap as well as lower activity in fibre rollout due to COVID-19
Leverage for DKT Finance was 5.3x (5.3x in Dec 2020)
and for TDC A/S 3.6x (3.5x in Dec 2020). Additional RCF of DKK 2.577m was raised in Q1 to secure sufficient liquidity to cash flows the next 24 months - including operations, investment programs and maturing funding in 2022