Investor Presentation Full Year 2017
Investor Presentation
Full year 2017
Slide 16
Financial results - full year 2017
DKK million
Sales
Gross profit
Change
Change
FY 2017
FY 2016
(reported DKK) (local currency)
Gross margin
Sales and distribution costs
28,340
111,696
94,064
84.2%
111,780
94,597
28,377
(0%)
2%
(1%)
2%
84.6%
(0%)
2%
Percentage of sales
25.4%
25.4%
Research and development costs
Percentage of sales
14,014
14,563
(4%)
(3%)
Administration costs
12.5%
3,784
13.0%
3,962
(4%)
(3%)
Percentage of sales
3.4%
3.5%
Other operating income, net
1,041
737
41%
45%
Operating profit
48,967
48,432
1%
5%
Operating margin
43.8%
43.3%
Financial items (net)
Profit before income tax
Income taxes
(287)
48,680
10,550
(634)
47,798
2%
9,873
7%
Effective tax rate
21.7%
20.7%
Net profit
38,130
37,925
1%
Diluted earnings per share (DKK)
15.39
14.96
3%
changing
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