Gn Store Nord A/S Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018; Provides Earnings and Effective Tax Rate Guidance for the Year 2018
For the six months, the company reported revenue of DKK 4,860 million compared to DKK 4,626 million a year ago. EBITA was DKK 806 million compared to DKK 706 million a year ago. Operating profit was DKK 731 million compared to DKK 632 million a year ago. Profit before tax was DKK 640 million compared to DKK 601 million a year ago. Profit for the period from continuing operations was DKK 497 million compared to DKK 467 million a year ago. Profit for the period was DKK 497 million compared to DKK 536 million a year ago. Earnings per share, fully diluted was DKK 3.65 compared to DKK 3.80 a yea ago. Cash flow from operating activities was DKK 1,022 million compared to DKK 816 million a year ago. Investments in other intangible assets, net was DKK 50 million compared to DKK 80 million a year ago. Investments in property, plant and equipment, net was DKK 76 million compared to DKK 52 million a year ago.
For the year 2018, the company expects EBITA margin guidance of more than 18%. Company have an effective tax rate on the guidance of around 22%.