Company Announcement no. 646
2 May 2017
Selected financial and operating data for the period 1 January 31 March 2017
|(DKKm)||Q1 2017||Q1 2016|
|Operating profit before special items||1,129||643|
|Special items, costs||160||370|
|Profit before tax||875||319|
|Adjusted earnings for the period||809||527|
|Adjusted free cash flow||839||438|
|Diluted adjusted earnings per share of DKK 1 for the period||4.30||2.83|
Jens Bjørn Andersen, CEO: "A very strong set of Q1 numbers brings us even closer to our goal of reaching pre-UTi performance levels and margins. All three divisions have recorded a significant increase in earnings in the quarter, which is very satisfactory. In addition to following our integration plans, we have increased our sales efforts in order to secure future market share gains."
Gross profit and EBIT before special items for Q1 2017 were positively impacted by property gains of approx. DKK 125 million. In combination with the underlying financial performance for the quarter this leads to an upward adjustment of the full-year outlook for 2017 as follows:
Tina Hindsbo, tel. +45 43 20 36 63, email@example.com
This announcement has been forwarded to Nasdaq Copenhagen and to the press. It is also available at www.dsv.com.