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.”
Selected financial and operating data for the period 1 April- 30 June 2018
Net revenue: 19,491
Gross profit: 4,450
Operating profit (EBIT) before special items: 1,449
Operating margin: 7.4%
Conversion ratio: 32.6%
Profit for the period: 1,187
Adjusted earnings for the period: 1,214
Adjusted free cash flow YTD 2018: 1,671
Diluted adjusted earnings per share of DKK 1 for the period: 6.5
The consolidated full-year outlook for 2018 previously announced is upgraded as follows:
- Operating profit before special items is expected to be in the range of DKK 5,300-5,600 million (previously DKK 5,100-5,400 million).
- Adjusted free cash flow is expected to approximate DKK 4,200 million (previously DKK 4,000 million).
- The effective tax rate is expected to be 23% (unchanged)
A separate company announcement about the launch of a new three-month share buyback programme of DKK 1,200 million will be issued today.
Full report available here