DSV, 449 - Interim Financial Report First quarter 2012

4/27/2012 1:59 AM EST

DSV A/S
Quarterly report

DSV, 449 - Interim Financial Report First quarter 2012

Company Announcement No. 449

Selected financial and operating data for the period 1 January – 31 March 2012

  -- Revenue amounted to DKK 10,819 million (2011: DKK 10,793 million)
  -- Gross profit came to DKK 2,435 million (2011: DKK 2,372 million),
     corresponding to a gross margin of 22.5% (2011: 22.0%)
  -- Operating profit before special items (EBITA) came to DKK 555 million
     (2011: DKK 534 million), corresponding to an EBITA margin of 5.1% (2011:
     4.9%)
  -- Special items netted an expense of DKK 251 million relating to the
     restructuring plan previously announced (2011: DKK 0 million)
  -- Profit before tax amounted to DKK 223 million (2011: DKK 427 milllion)
  -- Profit for the period amounted to DKK 162 million (2011: DKK 313 million)
  -- Adjusted profit for the period came to DKK 376 million (2011: DKK 337
     million)
  -- Diluted adjusted earnings per share were DKK 2.01 for the period (2011: DKK
     1.63) and for the 12 months to 31 March 2012 DKK 8.21 (2010/2011: DKK 6.70)
  -- Free cash flow amounted to DKK 294 million (2011: DKK 516 million)

DSV maintains the previously announced outlook 2012 as described on page 6.

A separate company announcement about the launch of a new share buy-back
programme of DKK 400 million will be issued today. 

Inquiries relating to the Interim Financial Report

Questions may be addressed to:
Jens Bjørn Andersen, Group CEO, tel. +45 43 20 30 40, or Jens H. Lund, Group
CFO, tel. +45 43 20 30 40. 

This announcement is available on the Internet at: www.dsv.com. The
announcement has been prepared in Danish and in English. In the event of
discrepancies, the Danish version shall apply. 



Yours sincerely,
DSV A/S