Company Announcement No. 593
30 April 2015
Selected financial and operating data for the period 1 January - 31 March 2015
| (DKKm) | Q1 2015 | Q1 2014 |
| Net revenue | 12,601 | 11,602 |
| Gross profit | 2,682 | 2,465 |
| Operating profit before special items | 641 | 546 |
| Operating margin | 5.1% | 4.7% |
| Conversion ratio | 23.9% | 22.2% |
| Profit before tax | 569 | 161 |
| Adjusted earnings for the period | 454 | 373 |
| Adjusted free cash flow | 143 | 486 |
| Diluted adjusted earnings per share of DKK 1 for the period | 2.65 | 2.12 |
Jens Bjørn Andersen, CEO: "We have started 2015 at full speed. The Air & Sea Division continued the positive development of 2014, and the Road Division has turned around the negative development that dampened last year's performance. We are now seeing the effect of the streamlining initatives we launched in 2014, and reporting EBIT growth of 17% for the first three months of the year we have reason to be optimistic about the next three quarters."
DSV maintains its full-year outlook for 2015 previously announced.
A separate company announcement about the launch of a new share buyback programme of DKK 500 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 investor@dsv.com
This announcement is available 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