Company Announcement no. 704
Selected financial and operating data for the period 1 January - 30 June 2018
| (DKKm) | Q2 2018 | Q2 2017 | YTD 2018 | YTD 2017 | ||||
| Net revenue | 19,491 | 18,924 | 37,871 | 37,147 | ||||
| Gross profit | 4,450 | 4,217 | 8,570 | 8,437 | ||||
| Operating profit (EBIT) before special items | 1,449 | 1,240 | 2,605 | 2,369 | ||||
| Operating margin | 7.4% | 6.6% | 6.9% | 6.4% | ||||
| Conversion ratio | 32.6% | 29.4% | 30.4% | 28.1% | ||||
| Profit for the period | 1,187 | 742 | 1,956 | 1,411 | ||||
| Adjusted earnings for the period | 1,214 | 828 | 2,000 | 1,637 | ||||
| Adjusted free cash flow | 1,671 | 2,038 | ||||||
| Diluted adjusted earnings per share of DKK 1 for the period | 6.5 | 4.4 | 10.7 | 8.7 | ||||
Jens Bjørn Andersen, CEO: Our financial results for Q2 2018 are at an all-time high and I am pleased to see that all business areas have performed well. So far, the impact from trade tariffs has been limited and going into the second half of 2018 we continue to see a stable development on the global transport markets. DSV has good momentum and a strong foundation for further growth, and we upgrade our expectations for 2018.”
The consolidated full-year outlook for 2018 previously announced is upgraded as follows:
A separate company announcement about the launch of a new three-month 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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