DSV, 449 – Interim Financial Report First quarter 2012

Company Announcement No. 449

Selected financial and operating data for the period 1 January – 31 March 2012

  • Revenue amounted to DKK 10,819 million (2011: DKK 10,793 million)
  • Gross profit came to DKK 2,435 million (2011: DKK 2,372 million), corresponding to a gross margin of 22.5% (2011: 22.0%)
  • Operating profit before special items (EBITA) came to DKK 555 million (2011: DKK 534 million), corresponding to an EBITA margin of 5.1% (2011: 4.9%)
  • Special items netted an expense of DKK 251 million relating to the restructuring plan previously announced (2011: DKK 0 million)
  • Profit before tax amounted to DKK 223 million (2011: DKK 427 milllion)
  • Profit for the period amounted to DKK 162 million (2011: DKK 313 million)
  • Adjusted profit for the period came to DKK 376 million (2011: DKK 337 million)
  • Diluted adjusted earnings per share were DKK 2.01 for the period (2011: DKK 1.63) and for the 12 months to 31 March 2012 DKK 8.21 (2010/2011: DKK 6.70)
  • Free cash flow amounted to DKK 294 million (2011: DKK 516 million)

DSV maintains the previously announced outlook 2012 as described on page 6.

A separate company announcement about the launch of a new share buy-back programme of DKK 400 million will be issued today.

Inquiries relating to the Interim Financial Report

Questions may be addressed to:
Jens Bjørn Andersen, Group CEO, tel. +45 43 20 30 40, or Jens H. Lund, Group 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


449 – Announcement (27.04.2012) – FBM Q1 2012_UK.pdf