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 2018Q3 2017YTD 2018YTD 2017     Net revenue20,237 18,735 58,108 55,882 Gross profit4,472 4,114 13,042 12,551...

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, [email protected]
Frederikke Linde, tel. +45 43 20 31 95, [email protected]

Media
Tina Hindsbo, tel. +45 43 20 36 63, [email protected]

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