Company Announcement No. 493
30 April 2013
Selected financial and operating data for the period 1 January — 31 March 2013
| (DKKm) | Q1 2013 | Q1 2012 | ||
| Revenue | 10,981 | 10,819 | ||
| Gross profit | 2,404 | 2,435 | ||
| EBIT before special items | 509 | 555 | ||
| EBIT margin (before special items) | 4.6% | 5.1% | ||
| Conversion ratio | 21.2% | 22.8% | ||
| Profit before tax | 438 | 223 | ||
| Adjusted earnings for the period | 352 | 376 | ||
| Adjusted free cash flow | 232 | 283 | ||
| Diluted adjusted earnings per share of DKK 1 for the period | 1.96 | 2.01 |
Jens Bjørn Andersen, CEO: "The first part of 2013 has been largely as expected; stagnating or declining freight volumes in the main markets of DSV coupled with intense competition. With market conditions like these, it is important that DSV has a consistent influx of new customers and is able to gain market share. The results achieved for the first three months of 2013 match our expectations on most parameters, and we maintain the outlook for the full year previously announced. The recipe will therefore remain the same: organic growth, cost control and hopefully a few good acquisitions which can be efficiently and effectively integrated into the DSV network."
DSV maintains the outlook for all of 2013 previously announced.
A separate company announcement about the launch of a new share buy-back programme of DKK 400 million will be issued today.
Inquiries relating to the Interim Financial Report
Questions may be addressed to:
Jens Bjørn Andersen, CEO, tel. +45 43 20 30 40, or Jens H. Lund, CFO, tel. +45 43 20 30 40.
This announcement is available on the Internet at: www.dsv.com. The announcement has been prepared in Danish and in English. In the event of discrepancies, the Danish version shall apply.
Yours sincerely,
DSV A/S
Announcement 320.6 KB