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DSV — Earnings Release 2016
Nov 1, 2016
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Download source fileCompany announcement no. 640
1 November 2016
Selected financial and operating data for the period 1 January – 30 September
2016
(DKKm) Q3 2016 Q3 2015 YTD 2016 YTD 2015
Net revenue 17,205 12,535 50,130 38,263
Gross profit 4,019 2,802 11,839 8,371
Operating profit before special items 1,003 851 2,546 2,301
Operating margin 5.8% 6.8% 5.1% 6.0%
Conversion ratio 25.0% 30.4% 21.5% 27.5%
Net special items, costs 155 - 866 -
Profit before tax 763 773 1,537 2,052
Adjusted earnings for the period 692 603 1,829 1,617
Adjusted free cash flow 807 1,864
Diluted adjusted earnings per share for 3.69 3.55 9.79 9.48
the period
Jens Bjørn Andersen, CEO: “We are keeping momentum in the UTi integration
process, and all three Divisions have delivered solid growth. The positive
development in the third quarter is again proof that all employees across the
Group are working hard to deliver good results. With aggregate earnings growth
of 18% for the quarter, we are once again very pleased with DSV's performance."
The full-year outlook for 2016 previously announced is adjusted as follows:
-- Operating profit before special items is expected to be in the range of DKK
3,400-3,500 million (previously DKK 3,300-3,500 million).
-- Net financial expenses are expected to approximate DKK 350 million
(previously DKK 450 million), net of foreign currency translation
adjustments.
-- The effective tax rate is expected to be around 27.0 (previously 25.0).
All other expectations for the full-year performance are unchanged.
Contact persons
Investor Relations
Flemming Ole Nielsen, tel. +45 43 20 33 92, [email protected]
Ronni Funch Olsen, tel. +45 43 20 31 93, [email protected]
Media
Tina Hindsbo, tel. +45 43 20 36 63, [email protected]
This announcement is available at www.dsv.com. The announcement has been
prepared in Danish and in English. In case of discrepancies, the Danish version
will prevail.
Yours sincerely,
DSV A/S