Interim report Q3 2018 released

Healthy top-line growth delivered across all business areas and continued improvement of margins in the first nine months of 2018


Jens Bjørn Andersen, CEO:

We delivered strong results in the first nine months of 2018, including healthy top-line growth across all business areas and continued improvement of our margins. The implementation of trade tariffs continues to create uncertainty in our industry, but so far, we see a negligible impact on our activities. Based on our performance so far and expectations for the rest of the year, we are adjusting our earnings outlook.

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 5,400-5,600 million (previously DKK 5,300-5,600 million).
  • Adjusted free cash flow is expected to approximate DKK 4,200 million (unchanged).
  • The effective tax rate is expected to approximate 23% (unchanged).

 A separate company announcement about the launch of a new share buyback programme of DKK 1,200 million has also been issued.

Read the full report here

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