DSV, 507 - Interim Financial Report H1 2013 Comp
Post# of 301275
Company Announcement No. 507
30 July 2013
Selected financial and operating data for the period 1 January - 30 June 2013
| (DKKm) | Q2 2013 | Q2 2012 | YTD 2013 | YTD 2012 | |
| Revenue | 11,406 | 11,372 | 22,387 | 22,191 | |
| Gross profit | 2,553 | 2,578 | 4,957 | 5,013 | |
| EBIT before special items | 680 | 687 | 1,189 | 1,242 | |
| EBIT margin (before special items) | 6.0% | 6.0% | 5.3% | 5.6% | |
| Conversion ratio | 26.6% | 26.6% | 24.0% | 24.8% | |
| Profit before tax | 576 | 612 | 1,014 | 835 | |
| Adjusted earnings for the period | 465 | 458 | 817 | 834 | |
| Adjusted free cash flow | - | - | 674 | 516 | |
| Diluted adjusted earnings per share of DKK 1 for the period | 2.60 | 2.47 | 4.57 | 4.48 |
Jens Bjørn Andersen, CEO: “In a market that continues to show only very modest growth in freight volumes, but is characterised by fierce competition, we are pleased to present solid financial statements for the first six months of 2013. Owing to an influx of new customers and focus on efficiency and cost control, all three DSV Divisions deliver a good financial performance. In most areas we have reached our goal of gaining market share and we have strengthened our global network. Finally, the integration of acquirees is proceeding as planned and will add long-term value.”
DSV maintains the outlook for all of 2013 previously announced.
A separate company announcement about the launch of a new share buyback programme of DKK 300 million will be issued today.
Inquiries relating to the Interim Financial Report Questions may be addressed to:
Jens Bjørn Andersen, CEO, tel. +45 43 20 30 40, or Jens H. Lund, CFO, tel. +45 43 20 30 40.
This announcement is available on the Internet 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
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