SUMMARY Financial results (figures for the corresponding period in 2017 are given in parenthesis). Road revenue: DKK 1,389 million (DKK 1,531 million). Compared to 2017, road revenue from the Storebælt fixed link declined by 9 per cent. This can primarily be explained by the impact of the toll charge reduction. Traffic increased in all segments and by 2.0 per cent overall compared to 2017. Revenue from the railway: DKK 153 million (DKK 172 million). The number of passengers is largely unchanged but the fares per journey have been reduced compared to the same period last year. The main difference under Other Income relates to the sale of Sprogø Wind Farm where net profit amounts to DKK 65.7 million. Operating expenses: DKK 178 million (DKK 192 million). Depreciation: DKK 264 million (DKK 267 million). EBIT: DKK 1,188.5 million (DKK 1,270 million). Interest expenses: DKK 133 million (DKK 279 million). The increase of DKK 146 million is primarily due to the early repayment of loans and lower inflation. The result before value adjustments and tax is a profit of DKK 1.055 million (profit DKK 991 million). Value adjustments are an expense of DKK 93 million (income DKK 418 million). Fair value adjustments are an accounting item with no effect on the company’s debt repayment because the debt is repaid at nominal value. Tax constitutes an expense of DKK 212 million (expense DKK 310 million). Changes in relation to the same period in 2017 are solely related to changes in the results. The result after tax is a profit of DKK 751 million (profit DKK 1,099 million) Cash flow Cash flow from operating and investing activities (free cash flow) has resulted in a rise in liquidity of DKK 1,133.4 million. Cash flow from financing activities has resulted in a net fall in liquidity of DKK -1,233.6 million whereby A/S Storebælt’s cash at bank and in hand for the period saw a net fall of DKK 100.2 million. Outlook for 2018 The outlook for the result before financial value adjustments and tax has changed from a profit within the range of DKK 1,750 - DKK 1,850 million to a profit within the range of DKK 1,900-DKK 2,100 million. Page 2/11 27 August 2018
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