9M 2023 Financial Performance
9M 2023: APPENDIX
2022 impacted by appreciation of main
currencies with some weakening in 2023
YTD 2023 sales by currency
Main currencies²)
(January 1, 2022 =
index 100)
120
Other¹)
EUR
115
20%
17%
110
105
100
95
90
85
Jan
2022
Jul
2022
Jan
2023
Jun
2023
USD/DKK
CAD/DKK
CNY/DKK
CAD 5%
CNY 6%
49
Spot Hedge
Avg.
Avg.
Avg.
Avg.
Sep
rate
rate
rate
rate
rate
30,
YTD
YTD
YTD
Q3
Q3
2023
2023
2023
2022
2023
2022
52%
USD
703.86
694.89
688.28
694.11 682.58
729.55
USD
CAD
524.08
532.77 510.14
543.12 511.58
563.06
CNY
96.50
102.84
97.94
105.76
94.22
107.57
1) Other includes JPY, AUD and other currencies. Excluding effects from hedging. 2) Source: Bloomberg - data until March 3, 2023
Comments
•
• ~83% of sales in non-EUR currencies
• USD directly represents ~52% of sales YTD
2023
Three main currencies make up -68% of net
exposure
5% change in USD will impact revenue by
DKK ~50 million for the remaining period of
2023
In Q3 2023 effects from hedging reached a
gain of DKK 50m vs DKK 199m loss in Q3
2022View entire presentation