Jens Bjørn Andersen, Group CEO, comments:
"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 will be issued today.
DSV – Global Transport and Logistics
We provide and manage supply chain solutions for thousands of companies every day – from the small family run business to the large global corporation.
Our reach is global, yet our presence is local and close to our customers. 45,000 employees in more than 80 countries work passionately to deliver great customer experiences and high quality services. Read more at www.dsv.com