Interim Financial Report - Third quarter 2017.
Q3 financial performance
The third quarter (Q3) 2017 consolidated financial statement describes the operating results of the Scan Global Logistics A/S Group.
- The Q3 2017 revenue was DKK 861 million and 2% above Q2 2017
- The total Q3 Gross profit was DKK 131 million and the gross margin equals 15.3%.
- The Q3 2017 revenue and EBITDA before special items comprise of DKK 861 million and DKK 13 million respectively.
| Financial highlights for the Scan Bidco Group | Q3 2017 |
Q3 2016 |
YTD 2017 |
YTD 2016 |
| Key figures (in DKK thousands): | ||||
| Income statement | ||||
| Revenue | 860,773 | 482,466 | 2,443,705 | 482,466 |
| Gross profit | 131,367 | 84,477 | 379,385 | 84,477 |
| Earnings before Interest, Tax, Depreciation, Amortisation (EBITDA) and special items | 13,086 | 19,314 | 30,082 | 19,314 |
| Earnings Before Interest, Tax, Amortisation (EBITA) and special items | 10,988 | 17,719 | 23,569 | 17,719 |
| Operating profit (EBIT) before special items | 4,488 | 17,719 | 4,069 | 17,719 |
| Special items | -1,168 | -7,248 | -3,575 | -7,248 |
| Net financial expenses | -11,189 | -18,046 | -37,777 | -18,046 |
| Profit/loss before tax | -7,869 | -7,575 | -37,283 | -7,575 |
| Profit/loss for the period | -9,412 | -9,468 | -37,507 | -9,468 |
| Cash flow | ||||
| Cash flows from operating activities before interest | -121,088 | 15,572 | ||
| Cash flows from operating activities | -166,581 | -3,450 | ||
| Cash flows from investing activities | -103,871 | -1,172,430 | ||
| Free Cash flow | -270,451 | -1,175,880 | ||
| Cash flows from financing activities | 65,189 | 1,226,166 | ||
| Cash flow for the period | -205,262 | 50,286 |
The full report can be downloaded at https://www.scangl.com/investor
For further information, please contact:
| Allan Melgaard, Group CEO |
| Claes Brønsgaard Pedersen, Group CFO |
| (+45) 32 48 00 00 |
Scan Bidco A/S discloses the information contained in the interim report pursuant to the EU Market Abuse Regulation (596/2014/EU) and the Swedish Securities Market Act.
The information was submitted for publication by the above mentioned persons at 21.25 (CET) on 30 November 2017.
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