Company Announcement no. 720
Selected financial and operating data for the period 1 January - 30 September 2018
|(DKKm)||Q3 2018||Q3 2017||YTD 2018||YTD 2017|
|Operating profit (EBIT) before special items||1,507||1,313||4,112||3,682|
|Profit for the period||1,104||826||3,060||2,237|
|Adjusted earnings for the period||1,126||940||3,126||2,578|
|Adjusted free cash flow||2,631||3,047|
|Diluted adjusted earnings per share of DKK 1 for the period||6.1||5.0||16.8||13.6|
Jens Bjørn Andersen, Group CEO: ”We delivered strong results in the first nine months of 2018, including healthy top-line growth across all business areas and continued improvement of our margins. The implementation of trade tariffs continues to create uncertainty in our industry, but so far, we see a negligible impact on our activities. Based on our performance so far and expectations for the rest of the year, we are adjusting our earnings outlook.”
The consolidated full-year outlook for 2018 previously announced is adjusted as follows:
- Operating profit before special items is expected to be in the range of DKK 5,400-5,600 million (previously DKK 5,300-5,600 million).
- Adjusted free cash flow is expected to approximate DKK 4,200 million (unchanged).
- The effective tax rate is expected to approximate 23% (unchanged).
A separate company announcement about the launch of a new share buyback programme of DKK 1,200 million will be issued today.
Tina Hindsbo, tel. +45 43 20 36 63, firstname.lastname@example.org
This announcement has been forwarded to Nasdaq Copenhagen and to the press. It is also available at www.dsv.com.