GN Store Nord A/S reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company delivered 10% organic revenue growth. Revenue growth was 3% including around (7)% impact from development in foreign exchange rates. EPS increased 11% compared to first quarter of 2017 and reached DKK 1.57. Revenue was DKK 2,296 million against DKK 2,233 million a year ago. EBITA was DKK 354 million against DKK 320 million a year ago. Operating profit was DKK 316 million against DKK 286 million a year ago. Profit before tax was DKK 274 million against DKK 255 million a year ago. Profit for the period from continuing operations was DKK 213 million against DKK 199 million a year ago. Profit for the period was DKK 213 million against DKK 271 million a year ago. Earnings per share, fully diluted (EPS diluted) were DKK 1.56 against DKK 1.91 a year ago. Earnings per share from continuing operations, fully diluted (EPS diluted) were DKK 1.56 against DKK 1.40 a year ago. Cash flow from operating activities was DKK 382 million against DKK 278 million a year ago. Investments in other intangible assets, net were DKK 16 million against DKK 36 million a year ago. Investments in property, plant and equipment, net was DKK 39 million against DKK 22 million a year ago. Investments in other non-current assets, net were DKK 49 million against DKK 13 million a year ago.

For the year, the company expected effective tax rate of 22%.