Company Announcement no. 648
2 August 2017
Selected financial and operating data for the period 1 January - 30 June 2017
|(DKKm)||Q2 2017||Q2 2016||YTD 2017||YTD 2016|
|Operating profit before special items||1,240||900||2,369||1,543|
|Special items, costs||88||341||248||711|
|Profit before tax||970||455||1,845||774|
|Adjusted earnings for the period||828||610||1,637||1,137|
|Adjusted free cash flow||2,038||756|
|Diluted adjusted earnings per share of DKK 1 for the period||4.37||3.27||8.69||6.11|
Jens Bjørn Andersen, CEO: "With more than 50% growth in earnings and cash flow we are very satisfied with the Group's performance in the first half of 2017. Only 18 months after the acquisition of UTi Worldwide, our productivity and financial results are at an all-time high. On the back of a strong start to 2017, we upgrade our expectations for the year and start a new share buyback programme of one billion DKK."
The consolidated full-year outlook for 2017 previously announced is adjusted as follows:
A separate company announcement about the launch of a new share buyback programme of DKK 1,000 million will be issued today.
Helle K. Hansen, tel. +45 43 20 33 58, email@example.com
This announcement has been forwarded to Nasdaq Copenhagen and to the press. It is also available at www.dsv.com.