A465FE92-AEC6-4DE2-A954-7E8B54B2B0B1
| Group |
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| The Group’s
development can be described as follows: |
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| DKK million |
2009 |
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2008 |
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1.1.2008* |
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2007 |
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2006 |
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2005 |
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| Income statement |
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| Revenue |
3,826.9 |
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3,475.6 |
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3,230.9 |
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3,385.9 |
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2,862.4 |
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| Expenses |
3,568.8 |
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3,166.6 |
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2,908.8 |
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3,003.7 |
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2,484.6 |
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| Earnings
before interest, tax, depreciation and amortisation (EBITDA) |
258.1 |
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309.0 |
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322.1 |
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382.2 |
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377.8 |
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| Depreciation and
amortisation |
133.4 |
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115.5 |
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101.6 |
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142.8 |
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105.1 |
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| Earnings
before interest and tax (EBIT) |
124.7 |
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193.5 |
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220.5 |
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239.4 |
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272.7 |
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| Net financials |
11.2 |
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-2.2 |
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-9.0 |
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-10.2 |
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-16.0 |
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| Tax |
-27.0 |
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-47.8 |
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-60.5 |
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-69.2 |
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-81.7 |
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| Net profit for the year |
108.9 |
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143.5 |
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151.0 |
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160.0 |
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175.0 |
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| Balance sheet |
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| Balance sheet total |
1,928.0 |
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1,647.9 |
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1,489.4 |
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2,764.2 |
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2,832.0 |
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2,525.3 |
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| Capital investments |
105.7 |
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164.3 |
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217.2 |
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362.5 |
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481.6 |
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| Equity, year-end |
426.1 |
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419.7 |
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321.2 |
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1,196.3 |
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1,082.5 |
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942.6 |
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| Net interest-bearing
debt |
286.1 |
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464.6 |
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407.7 |
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764.2 |
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926.9 |
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918.2 |
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| Cash flow |
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| From operating
activities |
432.6 |
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195.4 |
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455.7 |
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353.8 |
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252.3 |
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| From investing
activities |
-153.1 |
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-223.6 |
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-270.9 |
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-322.8 |
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-535.7 |
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| From financing
activities |
-178.2 |
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5.0 |
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-186.8 |
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-18.0 |
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291.9 |
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| Net cash flow for
the year |
101.3 |
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-23.2 |
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-2.0 |
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12.9 |
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8.5 |
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| Financial ratios |
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| Profit margin (EBIT
margin) |
3.3% |
** |
5.6% |
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6.8% |
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7.1% |
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9.5% |
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| Return on capital
employed |
7.0% |
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12.3% |
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7.9% |
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8.9% |
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12.3% |
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| Solvency ratio |
22.1% |
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25.5% |
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43.3% |
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38.2% |
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37.3% |
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| Return on equity (ROE) |
25.8% |
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38.7% |
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13.3% |
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15.8% |
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20.1% |
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| Asset turnover rate |
2.1 |
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2.2 |
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1.2 |
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1.3 |
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1.3 |
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| Employees |
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| Number
of full-time employees, period-end |
3,245.0 |
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3,129.0 |
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2,890.0 |
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2,971.0 |
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2,853.0 |
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| Average
number of full-time employees |
3,225.0 |
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3,027.0 |
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2,879.0 |
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2,908.0 |
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2,613.0 |
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| * Three of KMD's properties were demerged into independent
companies effective 1 January 2008. The financial highlights for 2007 and
earlier have not been restated. |
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| ** Profit margin adjusted for one-off costs was 5.7%. One-off
expenses relate to rationalisation measures and changes in accounting
estimates of holiday pay and employee anniversaries. |
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| The financial ratios have been calculated in accordance with
”Recommendations and Key Ratios 2005”, issued by the Danish Society of
Financial Analysts. |
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