Investor Presentaiton
Investor presentation
Full year 2018
Financial outlook for 2019 including adjusted LTFTS
Sales growth - local currencies
Sales growth - reported
Operating profit growth - local currencies
Operating profit growth - reported
Financial items (net)
Effective tax rate
Capital expenditure
Depreciation, amortisation and
impairment losses
Free cash flow
OPAT/NOA target
Expectations
1 Feb 2019
2% to 5%
Around 2 percentage points higher
2% to 6%
Around 4 percentage points higher
Loss of around DKK 2.4 billion
20% to 22%
Around DKK 9.0 billion
Around DKK 4.5 billion
Around DKK 29 to 34 billion
Adjusted to 80% (previously 125%)
Cash to earnings target
Operating profit growth target
Adjusted to 85% (previously 90%)
5% (unchanged)
Slide 17
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 28 January 2019. LTFT: Long-term financial target; OPAT/NOA: Operating profit after taxes to net operating assets.View entire presentation