Skip to main content

Interim financial report for Q3 2017 released

Press Release   •   Oct 26, 2017 05:36 GMT

Selected financial and operating data for the period 1 January-30 September 2017


(DKKm) Q3 2017 Q3 2016 YTD 2017 YTD 2016
Net revenue 18,735 17,205 55,882 50,130
Gross profit 4,114 4,019 12,551 11,839
Operating profit before special items 1,313 1,003 3,682 2,546
Operating margin 7.0% 5.8% 6.6% 5.1%
Conversion ratio 31.9% 25.0% 29.3% 21.5%
Special items, costs 123 155 371 866
Profit before tax 1,041 763 2,886 1,537
Adjusted earnings for the period 941 692 2,578 1,829
Adjusted free cash flow 3,047 1,248
Diluted adjusted earnings per share of DKK 1 for the period 4.96 3.69 13.63 9.79

Jens Bjørn Andersen, CEO:

"A strong commercial and operational performance in Q3 has driven earnings growth of more than 30% and a volume performance in line with or above the market. We are pleased to see our business continuously improving, and based on this, we upgrade our expectations for 2017 and launch a five-month share buyback programme of DKK 1,250 million."

The consolidated full-year outlook previously announced for 2017 is adjusted as follows:

Operating profit before special items is expected to be in the range of DKK 4,700-4,900 million (previously DKK 4,500-4,700 million).

Net financial expenses, excluding foreign exchange adjustments, are expected to approximate DKK 300 million (unchanged).

Adjusted free cash flow is expected to approximate DKK 4,400 million (previously DKK 4,250 million).

The effective tax rate is expected to be 23% (unchanged).

The revised expectations are partly driven by higher than expected activity levels, mainly in the Air & Sea division. At the same time, the cost synergies from the UTi integration have been achieved faster than expected in 2017. As a consequence, the remaining full-year impact from cost synergies is now expected to be DKK 200 million in 2018 (previously DKK 300 million).

Get the full report here

DSV – Global transport and logistics

In 1976, 10 independent hauliers joined forces and founded DSV in Denmark. Since then, DSV has evolved to become the world’s fourth largest supplier of global solutions within transport and logistics.

Today, we add value to our customers’ entire supply chain by transporting, storing, packaging, re-packaging, processing and clearing all types of goods. We work every day from our many offices in more than 80 countries to ensure a steady supply of goods to production lines, outlets, stores and consumers all over the world. Our reach is global yet our presence is local and close to our customers.

Read more at www.dsv.com

Follow DSV Corporate News

DSV – Global transport and logistics

In 1976, 10 independent hauliers joined forces and founded DSV in Denmark. Since then, DSV has evolved to become the world’s fourth largest supplier of global solutions within transport and logistics.

Today, we add value to our customers’ entire supply chain by transporting, storing, packaging, re-packaging, processing and clearing all types of goods. We work every day from our many offices in more than 80 countries to ensure a steady supply of goods to production lines, outlets, stores and consumers all over the world. Our reach is global yet our presence is local and close to our customers.

Read more at www.dsv.com

Follow DSV Corporate News

Comments (0)

Add comment

Comment

Agree With Privacy Policy