Investor Presentation Full Year 2017
Financial outlook for 2018
Investor Presentation
Full year 2017
Slide 18
Sales growth - local currencies
Sales growth - reported
Operating profit growth - local currencies
Operating profit growth - reported
Financial items (net)
Effective tax rate
Capital expenditure
Expectations
1 February 2018
2% to 5%
Around 7 percentage points lower
1% to 5%
Around 10 percentage points lower
Gain of around DKK 2.5 billion
20-22%
Around DKK 9.5 billion
Around DKK 3 billion
Depreciation, amortisation and
impairment losses
Free cash flow
Around DKK 27-32 billion
The financial outlook is based on an assumption of a continuation of the current business environment and given the current scope of business activities and has been prepared assuming that currency
exchange rates remain at the level as of 29 January 2018
changing
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