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.
Selected financial and operating data for the period 1 July - 30 September
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.
FULL REPORT AVAILABLE HERE