Only 18 months after the acquisition of UTi Worldwide our productivity and financial results are at an all-time high.
With more than 50% growth in earnings and cash flow we are very satisfied with the Group’s performance in the first half of 2017. Only 18 months after the acquisition of UTi Worldwide, our productivity and financial results are at an all-time high. On the back of a strong start to 2017, we upgrade our expectations for the year and start a new share buyback programme of one billion DKK.
Selected financial and operating data for the period 1 January – 30 June 2017:
- Net revenue 37,147
- Gross profit 8,437
- Operating profit before special items 2,369
- Operating margin 6.4%
- Conversion ratio 28.1%
- Special items, costs 248
- Profit before tax 1,845
- Adjusted earnings for the period 1,637
- Adjusted free cash flow 2,038
- Diluted adjusted earnings per share of DKK 1 for the period 8.69
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