Company Announcement no. 720
Selected financial and operating data for the period 1 January - 30 September 2018
| (DKKm) | Q3 2018 | Q3 2017 | YTD 2018 | YTD 2017 | ||||
| Net revenue | 20,237 | 18,735 | 58,108 | 55,882 | ||||
| Gross profit | 4,472 | 4,114 | 13,042 | 12,551 | ||||
| Operating profit (EBIT) before special items | 1,507 | 1,313 | 4,112 | 3,682 | ||||
| Operating margin | 7.4 | % | 7.0 | % | 7.1 | % | 6.6 | % |
| Conversion ratio | 33.7 | % | 31.9 | % | 31.5 | % | 29.3 | % |
| Profit for the period | 1,104 | 826 | 3,060 | 2,237 | ||||
| Adjusted earnings for the period | 1,126 | 940 | 3,126 | 2,578 | ||||
| Adjusted free cash flow | 2,631 | 3,047 | ||||||
| Diluted adjusted earnings per share of DKK 1 for the period | 6.1 | 5.0 | 16.8 | 13.6 | ||||
Jens Bjørn Andersen, Group CEO: ”We delivered strong results in the first nine months of 2018, including healthy top-line growth across all business areas and continued improvement of our margins. The implementation of trade tariffs continues to create uncertainty in our industry, but so far, we see a negligible impact on our activities. Based on our performance so far and expectations for the rest of the year, we are adjusting our earnings outlook.”
The consolidated full-year outlook for 2018 previously announced is adjusted as follows:
- Operating profit before special items is expected to be in the range of DKK 5,400-5,600 million (previously DKK 5,300-5,600 million).
- Adjusted free cash flow is expected to approximate DKK 4,200 million (unchanged).
- The effective tax rate is expected to approximate 23% (unchanged).
A separate company announcement about the launch of a new share buyback programme of DKK 1,200 million will be issued today.
Contacts
Investor Relations
Flemming Ole Nielsen, tel. +45 43 20 33 92, flemming.o.nielsen@dsv.com
Frederikke Linde, tel. +45 43 20 31 95, frederikke.a.linde@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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