DSV, 720 - INTERIM FINANCIAL REPORT Q3 2018

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 RelationsFlemming Ole Nielsen, tel. +45 43 20 33 92, flemming.o.nielsen@dsv.comFrederikke Linde, tel. +45 43 20 31 95, frederikke.a.linde@dsv.com

MediaTina 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

 

Attachment

  • 720 - Announcement (26.10.2018) - Interim Financial Report Q3 2018