Company Announcement No. 836
Selected key figures and ratios for the period 1 January -
(DKKm) | Q2 2020 | Q2 2019 | YTD 2020 | YTD 2019 |
Key figures and ratios | ||||
Revenue | 28,782 | 20,079 | 56,091 | 40,058 |
Gross profit | 7,386 | 5,285 | 14,070 | 10,399 |
Operating profit (EBIT) before special items | 2,613 | 1,631 | 4,179 | 3,085 |
Special items, costs | 515 | 19 | 1,026 | 19 |
Profit after tax | 1,390 | 1,149 | 1,721 | 2,112 |
Adjusted earnings for the period | 1,838 | 1,196 | 2,593 | 2,189 |
Adjusted free cash flow | 3,356 | 1,802 | ||
Operating margin | 9.1% | 8.1% | 7.5% | 7.7% |
Conversion ratio | 35.4% | 30.9% | 29.7% | 29.7% |
Diluted adjusted earnings per share of | 20.8 | 23.5 |
Jens Bjørn
Outlook for 2020
Based on the financial performance in the first half of 2020, guidance for full-year 2020 is reinstated as follows:
- Operating profit before special items is expected to be in the range of
DKK 8,200-8,700 million - Special items, costs for 2020 are expected in the level of
DKK 2,300 million (previouslyDKK 2,500 million ) - The effective tax rate is expected in the level of 25%
The guidance is based on assumptions of a gradual improvement of the global freight markets over the third and fourth quarters as markets reopen and with no material disruptions of global supply chains. We expect that transport volumes will remain below last year, but the negative run rate will lessen. Furthermore, we expect that the integration of Panalpina and implementation of cost saving initiatives will continue as planned.
Due to the COVID-19 situation, it must be stressed that the basic assumptions behind the guidance are more uncertain than normal.
Contacts
Investor Relations
Media
Yours sincerely,
DSV Panalpina A/S
Attachment
- 836 - Announcement (31.07.2020) - INTERIM FINANCIAL REPORT H1 2020
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