Investor Presentaiton
Financial outlook for 2018
Investor Presentation
First nine months of 2018
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
Depreciation, amortisation and
impairment losses
Free cash flow
Expectations
1 Nov 2018
4% to 5%
Around 4 percentage point lower
2% to 5%
Around 7 percentage point lower
Gain of around DKK 0.5 billion
19% to 20%
Around DKK 9.5 billion
Around DKK 3 billion
Around DKK 29 to 33 billion
Previous expectations
8 Aug 2018
3% to 5%
Around 5 percentage points lower
2% to 5%
Around 7 percentage points lower
Gain of around DKK 0.9 billion
19% to 20%
Around DKK 9.5 billion
Around DKK 3 billion
Around DKK 27 to 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 26 October 2018
changing
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