Company Announcement No. 387
Selected financial and operating data for the period 1 January – 31 March 2011
- Revenue amounted to DKK 10,793 million (2010: DKK 9,659 million)
- Gross profit came to DKK 2,372 million (2010: DKK 2,193 million), corresponding to a gross margin of 22.0% (2010: 22.7%)
- Operating profit before special items (EBITA) came to DKK 534 million (2010: DKK 451 million), corresponding to an EBITA margin of 4.9% (2010: 4.7%)
- Profit before tax amounted to DKK 427 million (2010: DKK 314 million)
- Profit for the period amounted to DKK 313 million (2010: DKK 223 million)
- Diluted adjusted earnings per share were DKK 1.6 for the period (2010: DKK 1.2) and for the 12 months to 31 March 2011 DKK 6.7 (2009/2010: DKK 4.1)
- Free cash flow for the period amounted to DKK 516 million (2010: DKK 466 million)
The results for Q1 2011 are deemed satisfactory.
Outlook for 2011
DSV maintains the outlook for all of 2011 disclosed in the 2010 Annual Report. Expectations are as follows:
- Revenue is expected to be in the range of DKK 44,000-47,000 million
- Gross profit is expected to be in the range of DKK 9,800-10,200 million
- Operating profit before special items (EBITA) is expected to be in the range of DKK 2,400-2,550 million
- Net financials are expected to be DKK 400 million.
- The effective tax rate of DSV is expected to be approx. 27%
- Free cash flow adjusted for the acquisition of enterprises is expected to amount to approx. DKK 1,700 million
Yours sincerely,
DSV