Investor Presentaiton
Financial results - Full year 2018
Investor presentation
Full year 2018
Slide 16
In DKK million
Sales
Gross profit
Gross margin
2018
111,831
94,214
84.2%
2017
111,696
94,064
Change
(reported)
0%
Change
(local currency)
5%
0%
84.2%
Sales and distribution costs
29,397
28,340
4%
7%
Percentage of sales
26.3%
25.4%
Research and development costs
14,805
14,014
6%
8%
Percentage of sales
Administration costs
Percentage of sales
Other operating income, net
1,152
Operating profit
47,248
13.2%
3,916
3.5%
1,041
48,967
12.5%
3,784
4%
7%
3.4%
11%
(4%)
3%
Operating margin
42.2%
43.8%
Financial items (net)
367
(287)
Profit before income tax
47,615
48,680
(2%)
Income taxes
8,987
10,550
(15%)
Effective tax rate
18.9%
21.7%
Net profit
38,628
38,130
1%
Diluted earnings per share (DKK)
15.93
15.39
4%
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