Company announcement no. 690
Selected financial and operating data for the period 1 January - 31 March 2018
| (DKKm) | Q1 2018 | Q1 2017 | ||||
| Net revenue | 18,380 | 18,223 | ||||
| Gross profit | 4,120 | 4,220 | ||||
| Operating profit (EBIT) before special items | 1,156 | 1,129 | ||||
| Operating margin | 6.3 | % | 6.2 | % | ||
| Conversion ratio | 28.1 | % | 26.8 | % | ||
| Special items, costs | - | 160 | ||||
| Profit for the period | 769 | 669 | ||||
| Adjusted earnings for the period | 786 | 809 | ||||
| Adjusted free cash flow | 448 | 839 | ||||
| Diluted adjusted earnings per share of DKK 1 for the period | 4.2 | 4.3 | ||||
Jens Bjørn Andersen, CEO: “DSV performed well in the first quarter of 2018 and delivered growth in both freight volumes and EBIT. Based on the good start to 2018 and overall positive market trends we increase the low end of the EBIT guidance range for the full-year and launch a new three-month share buyback programme of DKK 1.1 billion.”
The consolidated full-year outlook for 2018 previously announced is adjusted as follows:
A separate company announcement about the launch of a three-month share buyback programme of DKK 1,100 million will be issued today.
Contacts
Investor Relations
Flemming Ole Nielsen, tel. +45 43 20 33 92, flemming.o.nielsen@dsv.com
Ronni Funch Olsen, tel. +45 43 20 31 93, ronni.f.olsen@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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