Company Announcement No. 568
29 October 2014
Selected financial and operating data for the period 1 January - 30 September 2014
|(DKKm)||Q3 2014||Q3 2013||YTD 2014||YTD 2013|
|EBIT before special items||728||691||1,975||1,880|
|Profit before tax||653||570||1,440||1,584|
|Adjusted earnings for the period||512||490||1,378||1,307|
|Adjusted free cash flow||-||-||1,048||1,281|
|Diluted adjusted earnings per share of DKK 1 for the period||2.98||2.74||7.87||7.33|
Jens Bjørn Andersen, CEO: "We maintained our momentum in the third quarter of the year. Delivering 5% growth in operating profit, the best interim results yet in the Company's history, we are very pleased with our performance. Although affected by the usual impact of seasonality, activity levels remained high throughout the quarter and DSV gained market share in all business areas. The Air & Sea Division continues to deliver the highest growth rates and best results, whereas the Road Division is affected by price competition. With one quarter left of 2014, we expect to realise a full-year operating profit in the top half of the range we announced at the beginning of the year."
DSV maintains its full-year outlook for 2014 previously announced. However, operating profit before special items is expected to be in the range of DKK 2,600-2,700 million against the previous outlook of DKK 2,550-2,700 million.
A separate company announcement about the launch of a new share buyback programme of DKK 300 million will be issued today.
Inquiries relating to the Interim Financial Report may be addressed to:
Jens Bjørn Andersen, CEO, tel. +45 43 20 30 40
Jens H. Lund, CFO, tel. +45 43 20 30 40
Flemming Ole Nielsen, Director Investor Relations, tel. +45 43 20 33 92 or by email to email@example.com
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.