Investor

Annual Key Figures

 

Key figures in USD Million

2018

2017

2016

2015

2014

INCOME STATEMENT          

Revenue

2,451.4

1,808.6

1,251.2

1,653.4

2,038.1

Contribution margin

132.3

116.8

76.1

70.9

-205.6

Earnings before depreciation etc. (EBITDA) (excl. provision)

72.4

68.1

30.6

165.5

-31.3

Provision (excl. joint ventures)

0.0

0.0

0.0

-145.0

 -230.2

Earnings before depreciation, etc. (EBITDA)

72.4

68.1

30.6

20.5

 -261.5

Profits and loss from sale of vessels etc.

8.8

0.9

-45.5

-31.0

0.0

Depreciation, amortisation and impairment losses

-44.3

-42.2

-49.6

-248.6

-68.2

Earnings from operations (EBIT)

39.3

23.3

-64.5

-282.0

-335.5

Profit/loss for the year

28.8

24.6

-45.6

-284.9

-415.6

Adjusted result for the year 1)

20.0

28.4

-34.6

-263.0

-350.2

           
STATEMENT OF FINANCIAL POSITION          

Total assets

1,464.4

1,326.5

1,301.0

1,604.7

1,778.0

Equity

826.8

834.4

 801.4

856.1

1,139.3

Liabilities

637.6

492.1

 499.6

748.6

 638.7

Invested capital

970.2

836.7

 753.8

788.7

1,131.6

Net interest-bearing debt/assets

-143.4

-2.3

 47.6

67.3

7.7

Cash and securities

188.6

219.4

263.9

365.7

238.3

 

         

CASH FLOWS

         

From operating activities

-24.7

6.3

-79.7 

76.9

-46.0

From investing activities

-78.4

-0.2

102.1 

-112.9

66.2

- hereof investments in property, plant and equipment

-181.4

-75.4

-36.8 

-131.6

 -110.4

From financing activities

104.5

3.0

-85.3 

67.5

 -79.4

           

QUARTERLY FIGURES

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FINANCIAL HIGHLIGHTS

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SPREADSHEETS

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The ratios were computed in accordance with "Recommendations and Financial Ratios 2018" issued by the Danish Association of Financial Analysts. However, "Profit and loss from the sale of vessels, etc." is not included in EBITDA. Please see definitions in the section “Definitions of key figures and financial ratios” (page 101) in the Annual Report for 2018. The figures are adjusted for the Company’s holding of treasury shares.

1) ”Adjusted Result” for the year is computed as ”profit/loss for the period” adjusted for ”Profit and loss from sale of vessels, etc.”
and ”Fair value adjustment of certain hedging instruments”. Including adjustment for sale of vessels in Joint Ventures.