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DSV, 704 - INTERIM FINANCIAL REPORT H1 2018

August 1, 2018 at 7:30 AM CEST

Company Announcement no. 704

Selected financial and operating data for the period 1 January - 30 June 2018

(DKKm) Q2 2018 Q2 2017 YTD 2018 YTD 2017
         
Net revenue 19,491  18,924  37,871  37,147 
Gross profit 4,450  4,217  8,570  8,437 
Operating profit (EBIT) before special items 1,449  1,240  2,605  2,369 
Operating margin 7.4% 6.6% 6.9% 6.4%
Conversion ratio 32.6% 29.4% 30.4% 28.1%
Profit for the period 1,187  742  1,956  1,411 
Adjusted earnings for the period 1,214  828  2,000  1,637 
Adjusted free cash flow     1,671  2,038 
Diluted adjusted earnings per share of DKK 1 for the period 6.5  4.4  10.7  8.7 

Jens Bjørn Andersen, CEO: Our financial results for Q2 2018 are at an all-time high and I am pleased to see that all business areas have performed well. So far, the impact from trade tariffs has been limited and going into the second half of 2018 we continue to see a stable development on the global transport markets. DSV has good momentum and a strong foundation for further growth, and we upgrade our expectations for 2018.”

The consolidated full-year outlook for 2018 previously announced is upgraded as follows:

  • Operating profit before special items is expected to be in the range of DKK 5,300-5,600 million (previously DKK 5,100-5,400 million).
  • Adjusted free cash flow is expected to approximate DKK 4,200 million (previously DKK 4,000 million).
  • The effective tax rate is expected to approximate 23% (unchanged).

A separate company announcement about the launch of a new three-month share buyback programme of DKK 1,200 million will be issued today.

Contacts

Investor Relations
Flemming Ole Nielsen, tel. +45 43 20 33 92, flemming.o.nielsen@dsv.com
Frederikke Linde, tel. +45 43 20 31 95, frederikke.a.linde@dsv.com

Media
Tina Hindsbo, tel. +45 43 20 36 63, tina.hindsbo@dsv.com

This announcement has been forwarded to Nasdaq Copenhagen and to the press. It is also available at www.dsv.com.

Yours sincerely,
DSV A/S

 

 

 

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