DSV A/S
01.05.2018

DSV, 690 - INTERIM FINANCIAL REPORT FIRST QUARTER 2018

Company announcement no. 690 

Selected financial and operating data for the period 1 January - 31 March 2018

(DKKm)  Q1 2018Q1 2017
     
Net revenue  18,380 18,223 
Gross profit  4,120 4,220 
Operating profit (EBIT) before special items  1,156 1,129 
Operating margin  6.3%6.2%
Conversion ratio  28.1%26.8%
Special items, costs  - 160 
Profit for the period  769 669 
Adjusted earnings for the period  786 809 
Adjusted free cash flow  448 839 
Diluted adjusted earnings per share of DKK 1 for the period  4.2 4.3 

Jens Bjørn Andersen, CEO: "DSV performed well in the first quarter of 2018 and delivered growth in both freight volumes and EBIT. Based on the good start to 2018 and overall positive market trends we increase the low end of the EBIT guidance range for the full-year and launch a new three-month share buyback programme of DKK 1.1 billion."

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

A separate company announcement about the launch of a three-month share buyback programme of DKK 1,100 million will be issued today.

Contacts

Investor Relations
Flemming Ole Nielsen, tel. +45 43 20 33 92, flemming.o.nielsen@dsv.com
Ronni Funch Olsen, tel. +45 43 20 31 93, ronni.f.olsen@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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