SUMMMARY Financial results (figures for the corresponding period in 2016 are given in parenthesis). Road revenue DKK 2,409 million (DKK 2,336 million). Compared to 2016, road revenue from the Storebælt fixed link increased by 3.1 per cent. The increase can in part be explained by traffic growth of 3.0 per cent (not adjusted for the leap year day, traffic growth amounts to 2.6 per cent) and in part by a small increase in toll charges with effect from 1 January 2017. Revenue from the railway: DKK 260 million (DKK 238 million). In accordance with the Finance Act, the fee that the rail companies pay the company is to be adjusted in relation to the number of trains that cross the Storebælt fixed link. The number of trains increased compared to 2016, which means there is a slight increase in the railway fee. Operating expenses: DKK 288 million (DKK 297 million). Depreciation: DKK 398 million (DKK 724 million). The difference is primarily due to the write down of Sprogø Offshore Wind Farm by DKK 287 million in September 2016. EBIT: DKK 2,017 million (DKK 1,593 million). Interest expenses: DKK 395 million (DKK 379 million). The increase is due to inflation. The result before value adjustments and tax is a profit of DKK 1,622 million (profit DKK 1,214 million). Value adjustments: income DKK 403 million (expense DKK 361 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 446 million (expense DKK 188 million). Changes in relation to the same period in 2016 are solely related to changes in the results. The result after tax is a profit of DKK 1,580 million (profit DKK 665 million). Cash flow Cash flow from operating and investing activities (free cash flow) has resulted in a net increase in liquidity of DKK 1,893 million. Cash flow from financing activities has resulted in a net decrease in liquidity of DKK 2,154 million whereby A/S Storebælt’s cash at bank and in hand for the period saw a net decrease of DKK 261 million. Outlook for 2017 The outlook before financial value adjustments and tax remains unchanged at a profit of approximately DKK 2 billion. Page 2/10 30 November 2017
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