Company Announcement No. 606
4 August 2015
Selected financial and operating data for the period 1 January - 30 June 2015
| (DKKm) | Q2 2015 | Q2 2014 | YTD 2015 | YTD 2014 |
| Net revenue | 13,127 | 12,162 | 25,728 | 23,764 |
| Gross profit | 2,887 | 2,608 | 5,569 | 5,073 |
| Operating profit before special items | 809 | 701 | 1,450 | 1,247 |
| Operating margin | 6.2% | 5.8% | 5.6% | 5.2% |
| Conversion ratio | 28.0% | 26.9% | 26.0% | 24.6% |
| Profit before tax | 710 | 626 | 1,279 | 787 |
| Adjusted earnings for the period | 560 | 493 | 1,014 | 866 |
| Adjusted free cash flow | 1,192 | 760 | ||
| Diluted adjusted earnings per share of DKK 1 for the period | 3.27 | 2.83 | 5.93 | 4.92 |
Jens Bjørn Andersen, CEO: "We maintained the positive growth trend in both number of shipments and earnings in all our business areas in the second quarter of 2015. Our Air & Sea Division reports a remarkable 26% earnings growth, and after a solid first six months of the year we now raise our full-year performance forecast for 2015."
The consolidated full-year outlook for 2015 previously announced is raised as follows:
- Gross profit is expected to be in the range of DKK 10,900-11,200 million (previously DKK 10,500-10,900 million)
- Operating profit before special items (EBITA) is expected to be in the range of DKK 2,850-3,000 million (previously DKK 2,700-2,900 million)
- Free cash flow before any acquisition or divestment of enterprises is expected to approximate DKK 2,100 million (previously DKK 2,000 million)
All other expectations for the full-year performance are unchanged.
A separate company announcement about the launch of a new share buyback programme of DKK 600 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