DSV, 606 - Interim Financial Report H1 2015

Company Announcement No. 606

| Source: DSV A/S DSV A/S

4 August 2015

 

Selected financial and operating data for the period 1 January - 30 June 2015
 

(DKKm) Q2 2015 Q2 2014 YTD 2015 YTD 2014
         
Net revenue            13,127            12,162            25,728            23,764
Gross profit              2,887              2,608              5,569              5,073
Operating profit before special items                 809                 701              1,450              1,247
Operating margin 6.2% 5.8% 5.6% 5.2%
Conversion ratio 28.0% 26.9% 26.0% 24.6%
Profit before tax                 710                 626              1,279                 787
Adjusted earnings for the period                 560                 493              1,014                 866
Adjusted free cash flow                  1,192                 760
Diluted adjusted earnings per share of DKK 1 for the period                3.27                2.83                5.93                4.92


Jens Bjørn Andersen, CEO: “We maintained the positive growth trend in both number of shipments and earnings in all our business areas in the second quarter of 2015. Our Air & Sea Division reports a remarkable 26% earnings growth, and after a solid first six months of the year we now raise our full-year performance forecast for 2015.”

The consolidated full-year outlook for 2015 previously announced is raised as follows:

  • Gross profit is expected to be in the range of DKK 10,900-11,200 million (previously DKK 10,500-10,900 million)
  • Operating profit before special items (EBITA) is expected to be in the range of DKK 2,850-3,000 million (previously DKK 2,700-2,900 million)
  • Free cash flow before any acquisition or divestment of enterprises is expected to approximate DKK 2,100 million (previously DKK 2,000 million)

All other expectations for the full-year performance are unchanged.

A separate company announcement about the launch of a new share buyback programme of DKK 600 million will be issued today.

Inquiries relating to the Interim Financial Report may be addressed to:

Jens Bjørn Andersen, CEO, tel. +45 43 20 30 40
Jens H. Lund, CFO, tel. +45 43 20 30 40
Flemming Ole Nielsen, Director Investor Relations, tel. +45 43 20 33 92 or by email to investor@dsv.com                         

This announcement is available at www.dsv.com. The announcement has been prepared in Danish and in English. In the event of discrepancies, the Danish version shall apply.

 

Yours sincerely,
DSV A/S

Attachments

606 - Announcement (04.08.2015) - Interim Financial Report H1 2015.pdf