Investor Presentaiton
Investor Presentation
First six months of 2018
Slide 15
Financial results - First six months of 2018
Change
Change
DKK million
Sales
H1 2018
H1 2017
(reported DKK) (local currency)
Gross profit
Gross margin
Sales and distribution costs
Percentage of sales
54,337
45,788
84.3%
13,541
57,090
48,430
84.8%
13,548
(5%)
(5%)
4%
0%
8%
24.9%
23.7%
Research and development costs
6,617
6,703
(1%)
2%
Percentage of sales
12.2%
11.7%
Administration costs
1,715
1,770
(3%)
2%
Percentage of sales
3.2%
3.1%
Other operating income, net
737
467
58%
Operating profit
24,652
26,876
(8%)
4%
Operating margin
45.4%
Financial items (net)
Profit before income tax
Income taxes
Effective tax rate
Net profit
21,094
1,455
26,107
5,013
19.2%
47.1%
(1,229)
25,647
5,540
21.6%
20,107
2%
(10%)
Diluted earnings per share (DKK)
8.66
5%
8,07
7%
changing
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