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Interim financial report for Q1 2018 released

Press release   •   May 01, 2018 07:38 CEST

DSV Solutions' operation in Cambodia

Selected financial and operating data for the period 1 January - 31 March 2018

 
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:

  • Operating profit before special items is expected to be in the range of DKK 5,100-5,400 million (previously DKK 5,000-5,400 million).
  • Adjusted free cash flow is expected to approximate DKK 4,000 million (unchanged).
  • The effective tax rate is expected to be 23% (unchanged).

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

DSV – Global Transport and Logistics

We provide and manage supply chain solutions for thousands of companies every day – from the small family run business to the large global corporation.

Our reach is global, yet our presence is local and close to our customers. 45,000 employees in more than 80 countries work passionately to deliver great customer experiences and high quality services. Read more at www.dsv.com

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