SUMMARY Financial results (figures for the corresponding period in 2017 are given in parenthesis). Road revenue: DKK 2,191 million (DKK 2,409 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. For the period under review, traffic growth amounted to 2.0 per cent compared to 2017. Revenue from the railway: DKK 229 million (DKK 260 million). The number of passengers is largely unchanged but the fares per journey have been reduced compared to the same period last year and in keeping with the toll charge reduction for road traffic. 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 269 million (DKK 288 million). Depreciation: DKK 395 million (DKK 398 million). EBIT: DKK 1,853 million (DKK 2,017 million). Interest expenses: DKK 257 million (DKK 395 million). The increase of DKK 138 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 1.596 million (profit DKK 1,622 million). Value adjustments represent an income of DKK 138 million (income DKK 403 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 382 million (expense DKK 446 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 1,353 million (profit DKK 1,580 million) Cash flow Cash flow from operating and investing activities (free cash flow) has resulted in a rise in liquidity of DKK 1,884.0 million. Cash flow from financing activities has resulted in a net fall in liquidity of DKK 1,295.9 million whereby A/S Storebælt’s cash at bank and in hand for the period improved by DKK 588.1 million. Outlook for 2018 The outlook for the result before financial value adjustments and tax is unchanged at a profit within the range of DKK 1,900-DKK 2,100 million. Page 2/11 29 November 2018
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